CODE: GR - 011 PAGE: 1 of 2

EFFECTIVE: UPDATE NO.: 0

DEPT./SECTION:
INITIATED BY: PRIMA CONSULTANT CO., LTD.

REVIEWED BY:
STANDARD OPERATING PROCEDURE
APPROVED BY:

SUBJECT: DAILY INCOME AUDIT

OBJECTIVE:

To scope all level of income audit daily work

POLICY:

The Hotel Daily Income Audit Check-list will be completed daily by the Income
Auditor and approved by the Financial Controller. The checklist will enable the
Financial Controller to verify revenues and taxes are posted correctly, verifies the
guest, city ledger and advance deposit ledgers balance and verify all postings to the
system are correctly authorized. There are no exceptions to this policy.

PROCEDURE:

1. After the Night Audit has been completed, the Income Auditor will ensure all
revenues and allowances have been properly recorded according to Hotel’s
Accounting Policy and Generally Accepted Accounting Principles (GAAP) by
using the Daily Income Audit Checklist.

2. The Income Auditor will not any variances or problems with the income audit
on the checklist and resolve the issues with the appropriate Department
Managers.

3. After the check-list has been completed, the Income Auditor will forward it to
the Financial Controller who will review and approve the checklist.

4. After the checklist has been approved, the Income Auditor will file it in the
respective audit pack that pack that was used with the income audit.

1
 CODE: GR - 011 PAGE: 2 of 2

EFFECTIVE: UPDATE NO.: 0

DEPT./SECTION:
INITIATED BY: PRIMA CONSULTANT CO., LTD.

REVIEWED BY:
STANDARD OPERATING PROCEDURE
APPROVED BY:

SUBJECT: DAILY INCOME AUDIT

____________________________________ _____________________________
Chief Accountant Date

_____________________________________ _____________________________
Financial Controller Date

____________________________________ _____________________________
Director of Finance Date