Gateway Hotel Project Report

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The title of the project is "TO STUDY THE BACK OFFICE OPERATIONS OF EVERY FINANCE DEPT" which was done at TAJ Gateway hotel ,Bangalore was an Summer Internship for the duration of seven weeks in the month of April & May.

The purpose of the study was to know the various operations happening at back office of the hotel & also how does the management improve productivity, increase their revenues; lower operating costs, & reduce risk & what are the efforts taken on its core competency & strengthen its ability to adapt in the ever-changing business environment. The main operational functions that are outsourced are normally related to accounting, maintenance, security, promotion & storage.

The title
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At the Gateway Hotel, believe in keeping things simple. This is why, HOTEL are divided into 7 simple zones- Stay, Hangout, Meet, Work, Workout, Unwind & Explore.
• As travel often means more hassle than harmony, more stress than satisfaction, modern travelers are looking for smarter choices. Driven by passion for perfection, welcome customers to a refreshingly enjoyable & hassle-free experience, anytime, everywhere. Offering the highest consistency in quality & also the service & style.
• The Finance & Accounting depts play a significant role in the management of TAJ HOTEL & Resorts Worldwide, Inc. by providing the financial data used by all managers in their daily decision making, ensuring financially sound & thriving HOTEL.
• At the property level, these depts work closely with General Managers & dept heads to maximize their financial decision, assist with recommendations for desirable economic options, safeguard owner assets with reliable internal control systems, & forecast & prepare monthly & annual
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• Accounts payable depts often do more than simply pay incoming bills & invoices. In fact the work was much more complicated, accounts payable employees was often responsible only for the accounts payable & accounts receivable side of finance .The responsibilities are often combined.
• Regardless of the company's size, the mission of accounts payable is to pay only the company's bills & invoices that are legitimate & accurate. This means that before a vendor's invoice is entered into the accounting records & scheduled for payment, the invoice must reflect:
• what the company had ordered
• what the company has received
• The proper unit costs, calculations, totals, terms, etc.
• To safeguard a company's cash & other assets, the accounts payable process should have internal controls. A few reasons for internal controls are to:
• prevent paying a fraudulent invoice
• prevent paying an inaccurate invoice
• prevent paying a vendor invoice twice
• be certain that all vendor invoices are accounted for
• Yearically companies should seek professional assistance to improve its internal

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