Relationship among accrual basis data, cash basis data and hotel account balance

1, in the process of hotel accounting, there may be two criteria for how to confirm income or expenses: one is based on whether cash is received or spent. This is called cash basis or cash basis; The other is that income or expenses are based on the ownership period, which we call accrual basis or accrual basis.

The so-called accrual basis, specifically, refers to all realized income and expenses that have occurred or should be borne in the current period, regardless of whether the money is received or paid, it should be treated as income or expenses in the current period; Any income and expenses that do not belong to this period, even if the money has been received and paid in this period, are not regarded as income and expenses in this period.

Cash basis means that as long as money is received or spent, it is regarded as income or expenses of the current period, and as long as there is no actual income, it is not regarded as income or expenses of the current period. 2. The relationship between accrual data and cash basis data and deposit balance in hotel accounts: accrual data-cash basis data = deposit balance.