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The night audit process is a crucial function in the hospitality industry, primarily in hotels, that involves reconciling the day's financial transactions, preparing daily financial reports, and ensuring all guest accounts are accurate. Typically performed overnight, it includes verifying room charges, processing payments, and balancing the cash drawer. Additionally, the night audit sets the stage for the next day's operations by generating reports for management and updating the property management system. This process helps maintain financial integrity and provides insights into occupancy and revenue trends.

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2w ago

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