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Mastering Hotel Account Receivable (Basic-Advanced) is a course designed for learning how to search for and create AR accounts. This course contains lessons on viewing, creating and adjusting invoices and folios. You will also learn how to apply payments to invoices and accounts in addition to learning how to unapply and reverse payments.

The following lessons are contained in this course:

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Mastering Hotel Account Receivable (Basic-Advanced) is a course designed for learning how to search for and create AR accounts. This course contains lessons on viewing, creating and adjusting invoices and folios. You will also learn how to apply payments to invoices and accounts in addition to learning how to unapply and reverse payments.

The following lessons are contained in this course:

  1. AR Overview

  2. AR Account Search and Options

  3. Create an AR Account

  4. AR Invoice Screen

  5. Adjust AR Invoices

  6. Payment Options

  7. Apply Payment to an Invoice

  8. Apply Payment to Multiple Invoices

  9. Unallocated Payment

  10. Unapply and Reverse Payments

This course also designed for learning how to create AR fixed charges, manage AR statement numbering, and generate statements and reminder letters. This course contains lessons on viewing statement and reminder history in addition to creating batch postings. You will also learn how to transfer postings between AR invoices and transfer invoices between AR accounts.

The following lessons are contained in this course:

  1. AR Fixed Charges

  2. Selecting Account to Print Statements

  3. Generate Statements

  4. AR Statement Numbering

  5. Batch Reminders

  6. Research/Statement/Reminder History

  7. Batch Postings

  8. Transfer Invoices

To make it comprehensive and simple deep learning Course Mastering Hotel Account Receivable (Basic-Advanced) will only have 2 section to make you learning more easily and not wasting your time because you can absorb the material quickly and efficient without making you confused. You will got very detail explanation with all example.

Below are the course structure:

Section 1 : Mastering Hotel Account Receivable

  • Overview Account Receivable

  • About Transfer FO Data Account Receivable

  • Transfer Front Office Data Account Receivable

  • Account Maintenance Account Receivable

  • Account Receivable Essentials

Section 2 : Knowledge Check

  • Final Quiz

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What's inside

Learning objectives

  • Ar overview
  • Ar account search and options
  • Create an ar account
  • Ar invoice screen
  • Adjust ar invoices
  • Payment options
  • Apply payment to an invoice
  • Apply payment to multiple invoices
  • Unallocated payment
  • Unapply and reverse payments
  • Ar fixed charges
  • Selecting account to print statements
  • Generate statements
  • Ar statement numbering
  • Batch reminders
  • Research/statement/reminder history
  • Batch postings
  • Transfer invoices
  • Show more
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Syllabus

Mastering Hotel Account Receivable
Overview Account Receivable
About Transfer FO Data Account Receivable
Transfer Front Office Data Account Receivable
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Activities

Coming soon We're preparing activities for OPERA PMS : Mastering Hotel Account Receivable. These are activities you can do either before, during, or after a course.

Career center

Learners who complete OPERA PMS : Mastering Hotel Account Receivable will develop knowledge and skills that may be useful to these careers:
Hotel Accounts Receivable Specialist
A Hotel Accounts Receivable Specialist is responsible for managing the money owed to a hotel, ensuring timely payment and accurate record-keeping. This course directly prepares learners for success in this role by providing comprehensive mastery of hotel-specific accounts receivable functions within the OPERA PMS system. You will gain expertise in creating, viewing, and adjusting invoices and folios, applying and reversing payments, and managing unallocated funds. The course also details the creation of AR fixed charges, generating statements and reminder letters, and handling batch postings and transfers between accounts and invoices. This specialized knowledge of OPERA PMS and hotel AR processes is invaluable for efficiently managing hotel finances and maintaining strong client relationships.
Night Auditor
A Night Auditor is critical for hotel operations, reconciling daily financial transactions, processing guest charges, and often plays a key role in preparing data for the next day's accounting. This course is exceptionally relevant for a Night Auditor, as it explicitly covers "Transfer FO Data Account Receivable" and "Transfer Front Office Data Account Receivable." These lessons directly align with the auditor’s responsibility of ensuring accurate daily financial closeouts and the seamless transfer of front office data to the accounts receivable system. Mastery of managing invoices, payments, and fixed charges within OPERA PMS is central to excelling in this vital hotel accounting position.
Accounts Receivable Specialist
An Accounts Receivable Specialist focuses on ensuring a company receives payments for goods or services, managing invoices, and maintaining customer accounts. This course provides a robust foundation by detailing core principles such as creating and managing AR accounts, processing payments, and handling invoice adjustments. While utilizing the OPERA PMS system in a hotel context, the fundamental skills in managing invoices, applying payments, handling reversals, and generating statements are highly transferable. The practical, system-specific training demonstrates a strong grasp of financial transaction processing vital for any Accounts Receivable Specialist.
Hotel Accountant
A Hotel Accountant oversees the financial records and health of a hospitality establishment, encompassing various functions including general ledger, accounts payable, and crucially, accounts receivable. This course is highly beneficial for a Hotel Accountant, providing in-depth expertise in the specific processes of hotel accounts receivable using the industry-standard OPERA PMS. Understanding how to manage AR accounts, process invoices, handle payments, and generate financial statements from a practical, system-level perspective is vital for accurate financial reporting and operational efficiency. This role typically requires an advanced degree for comprehensive responsibilities.
Billing Coordinator
A Billing Coordinator is responsible for preparing and sending out invoices, processing charges, and addressing billing inquiries to ensure accurate and timely collection of revenue. This course provides essential skills for a Billing Coordinator by covering the creation, viewing, and adjustment of AR invoices and folios, along with the application of fixed charges. Learners will also gain expertise in generating customer statements and reminder letters, which are critical functions in billing cycles. The detailed lessons on managing AR statement numbering and applying payments, including unallocated, unapplying, and reversing payments, directly enhance the precision and efficiency required to excel in this role.
Accounting Assistant
An Accounting Assistant provides crucial support to the accounting department, often handling data entry, reconciliation tasks, and assisting with various financial transactions including accounts receivable. This course can help build a foundation for an Accounting Assistant by offering practical, system-specific training in a core accounting function. The lessons in creating and managing AR accounts, processing invoices, applying and reversing payments, and generating statements are directly applicable. Expertise in using a system like OPERA PMS demonstrates proficiency in handling financial software and meticulous attention to detail, which are valuable assets in any accounting support role.
Financial Accountant
A Financial Accountant prepares comprehensive financial statements, maintains the general ledger, and ensures compliance with accounting standards, often requiring an advanced degree. A Financial Accountant benefits from understanding the intricacies of accounts receivable processes, as covered in this course, to ensure the accurate recording of revenue and receivables in the general ledger, contributing to reliable financial reporting. The practical knowledge of managing invoices, applying payments, and generating statements using OPERA PMS directly informs the proper classification and reconciliation of accounts receivable balances, which is fundamental to accurate financial statement preparation. This role typically requires an advanced degree.
Credit Controller
A Credit Controller manages customer credit, oversees the collection of outstanding debts, and works to minimize financial risk by ensuring timely payments. This course provides useful insights for a Credit Controller by teaching how to generate statements and reminder letters from accounts receivable data, which are key tools in managing outstanding balances. Understanding the lifecycle of an invoice, from creation and adjustment to payment application and reversal, helps in effectively tracking and pursuing overdue accounts. This detailed knowledge of accounts receivable processes allows for a more informed strategy in debt management and maintaining healthy cash flow.
Front Office Manager
A Front Office Manager oversees the daily operations of a hotel’s front desk, ensuring exceptional guest service, efficient check-in/out processes, and accurate financial postings impacting guest folios. A Front Office Manager may find this course helpful for understanding the critical role of accurate front office data transfer to accounts receivable, ensuring smooth financial operations and guest billing in a hotel environment. The course's specific focus on transferring Front Office data to accounts receivable, along with managing invoices and payments within OPERA PMS, provides valuable insight into how front desk actions directly influence the hotel's financial health.
Internal Auditor
An Internal Auditor evaluates and improves the effectiveness of an organization's risk management, control, and governance processes, often scrutinizing financial operations for compliance and efficiency. An Internal Auditor may find this course helpful for gaining a deep understanding of hotel accounts receivable operations, including invoice adjustments, payment applications, and statement generation, which are critical areas for audit scrutiny and ensuring financial integrity. The detailed lessons on applying and reversing payments, managing batch postings, and transferring invoices within OPERA PMS provide specific knowledge to effectively assess controls and identify potential risks or inefficiencies in AR processes.
Business Controller
A Business Controller oversees financial controlling activities within a business unit, responsible for robust financial reporting, budgeting, and ensuring compliance, often requiring an advanced degree. Understanding the detailed processes of accounts receivable, learned in this course, may be useful for a Business Controller to ensure accuracy in revenue recognition, monitor cash flow, and maintain robust financial controls within a hotel or hospitality group. The course's practical insights into creating AR accounts, managing invoices, and processing payments with OPERA PMS provide a foundational understanding of the operational data that impacts financial statements and strategic planning. This role typically requires an advanced degree.
General Manager Hotel Operations
A General Manager Hotel Operations leads all aspects of a hotel's performance, from guest satisfaction and staff management to financial oversight and strategic planning for profitability. Understanding the intricacies of hotel accounts receivable, as taught in this course, may be useful for a General Manager Hotel Operations by providing insight into a vital aspect of the hotel's financial health, cash flow, and operational efficiency. Comprehension of how revenue is collected, how financial data flows through OPERA PMS, and the impact of AR processes on the bottom line is foundational for effective financial decision-making and overall business management.
Financial Analyst
A Financial Analyst examines financial data to aid in strategic business decisions, forecasting, and performance evaluation, often working within corporate finance or investment. While not directly focused on analysis, understanding the operational mechanics of accounts receivable, as taught in this course, may be useful for a Financial Analyst. By comprehending the detailed processes of invoice management, payment application, and revenue recognition within a system like OPERA PMS, analysts can gain valuable insight into cash flow patterns, aging receivables, and underlying data quality, informing more accurate financial models and reports related to business revenue streams.
Revenue Manager
A Revenue Manager strategically optimizes a hotel's revenue by analyzing market demand, pricing, and inventory to maximize profitability from various booking channels. While this course focuses on the operational side of money collection, understanding the mechanics of accounts receivable, as learned in this course, may be useful for a Revenue Manager. Knowing how invoices are generated, payments are applied, and statements are managed provides insight into customer payment behaviors and the financial settlement processes, which can subtly inform pricing strategies, credit policies, and segmentation for different guest or client types.
Accounts Payable Specialist
An Accounts Payable Specialist manages an organization's outgoing payments, processing vendor invoices, and ensuring accurate and timely disbursement of funds. Although this course specifically targets accounts receivable, the general understanding of financial transaction processing and account management principles gained may be useful to an Accounts Payable Specialist. The meticulous approach to creating, adjusting, and reconciling financial entries, alongside managing batch processes and account transfers, demonstrates an aptitude for handling detailed financial operations, even if the specifics of the OPERA PMS system and AR differ from typical AP responsibilities.

Reading list

We haven't picked any books for this reading list yet.
Beginner-friendly introduction to payment processing. It covers the basics in a clear and concise manner.
This guide is written for software developers who need to integrate payment processing into their applications.
这是一本中文书,重点介绍支付处理中的欺诈预防和检测。对于从事反欺诈工作的人员来说,这是一本必读书。
Provides a comprehensive overview of payment processing security. It covers the latest threats and trends, and offers practical advice on how to protect against fraud.
Explores the future of payment processing, discussing the latest technologies and trends. It must-read for anyone who wants to stay ahead of the curve.
While primarily intended for students and focuses on advanced accounting concepts, this comprehensive text provides a broad understanding of complex accounting rules.
Is designed for both accounting majors and non-majors seeking a solid introduction to the field of financial accounting.
The official source for accounting standards, this publication provides a comprehensive overview of the rules and regulations governing financial reporting.
Considered a rigorous and comprehensive textbook, this book provides a deep dive into financial statement analysis within the context of security valuation. It's often used in graduate-level programs and is excellent for serious students and professionals.
Comprehensively covers the major categories of financial statements, while also discussing analysis, cash flow, and financial ratio!
Links corporate financial statement analysis and valuation to decisions made in the financial markets
Is an excellent starting point for anyone new to financial statements. It breaks down the core statements – income statement, balance sheet, and cash flow statement – in a clear and accessible manner. It's particularly useful for providing foundational knowledge and is often recommended for beginners and those needing to understand financial reports without an extensive accounting background.
Ideal for absolute beginners, this book offers a concise introduction to accounting fundamentals, including the basics of financial statements and GAAP. It's designed to be easily digestible and is valuable for those seeking a quick overview or prerequisite knowledge before diving deeper.
Uses a creative and engaging lemonade stand analogy to teach fundamental accounting concepts and financial language. It's particularly helpful for visual and experiential learners and can make the initial learning process more enjoyable and less intimidating.

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