Income Audit and Accounts Receivable (IAAR

IAAR Role Handles: Income Audit (IA): Reviewing and reconciling daily sales transactions, point-of-sale (POS) records, and night auditor reports to ensure all earned revenue is recorded accurately. Accounts Receivable (AR): Managing customer invoices, monitoring guest/city ledgers, tracking payment collections, and following up on unpaid balances.

Key Responsibilities of an IAAR Specialist: Daily Reconciliation: Verifying daily cash, credit card, and digital payment receipts against total recorded sales. Ledger Auditing: Checking the Guest Ledger (active bills) and City Ledger (billed corporate clients/travel agents) for discrepancies.

Aging Reports: Tracking overdue corporate accounts to ensure timely collection of revenue. Correction Logs: Preparing adjustment reports for any transaction errors or unapproved rebates caught during the daily check.