video1.0<iframe src="https://www.loom.com/embed/8c4e01bf4ed1461c8ba5da8bec775005" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/8c4e01bf4ed1461c8ba5da8bec775005-1793ec33481bf6e6.gif68.533333In this video, I walk you through our monthly review process for guest balances, specifically focusing on the VR Trust account which reflects advanced deposits collected for future reservations. I explain how the ending balance should represent valid advanced deposits, ensuring that we recognize revenue accurately at check-in or check-out based on our settings. It's crucial that we reconcile this account each month to maintain a zero accounts receivable balance for fully checked-out guests. Please make sure to review the trial balance report for the month under review to see how transactions impact our account balance. Your attention to this process is essential for accurate financial reporting.