By relying on manual labor and without centralized data, accurate and proper tracking of key income data, recorded in various programs and settings across the hotel, is difficult, if not impossible.
Credit Card Reconciliation by Evention verifies all income components to provide complete reconciliation from the point of sale through the variance research. This automated solution leverages POS, PMS, bank account data, and internal budget/forecasting tools to verify: sales to the general ledger, receivables to the balance sheet, and any revenue-associated bank account activity.
By referencing data sources like bank deposits, credit card processor batches, and monthly expense budgets or forecasts, this solution also provides quick, accurate comparison and identification of any variances.
• Verify income components
• Validate accurate revenue transmission from the point of sale to the general ledger • Differentiate audit receivables from actual revenue incurred