What is the difference between folio and invoice in hotel management?
I was curious about the difference between folio and invoice in hotel management terms. Some hotel say invoice and others say folio. Are there difference?
Best Answer
The question certainly is appropriate to this form and not a mere language & usage question. A hotel "folio" is what is called a term of art. This means the word has a very specific meaning/usage particular to a certain industry or field, a meaning that may be quite different from the usual meaning. In the case of a hospitality the word folio indeed does mean something quite distinct from common usage, viz. an ongoing list of charges for a guest (that will presumably form the bases of an invoice at check-out). An typical English dictionary will provide several related meanings for the word folio. None of them is the definition used in hospitality.
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What does folio mean in hotels?
The folio is the guest account or hotel bill. If open, you can post charges and payments from guests, companies and non-residents to the folio (hotel bill).What is invoice in hotel?
A hotel invoice is a receipt that provides a hotel guest with an itemized statement of fees incurred for room rental, room service, rented movies, wifi usage, and use of pay portions of the facility.What is a guest folio?
Guest Folio \u2013 an account associated with a single hotel guest. All transactions between the hotel and the guest are recorded into the guest folio. All single guest information is also saved into the guest folio. Master Folio \u2013 is a collection of sub-folios and can be associated with a single guest or group of guests.How do hotels make guests folio?
Guest Folio is considered as the master bill in the hotel which is also known as Guest Account Card....Just after the guest entry the front desk clerk create a guest folio with the inclusion of:Επανεκτύπωση Παραστατικού | Reprint Folio
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Answer 2
I happen to be translating a travel website (definitely a language issue), but their terminology is clear and maybe helpful: If you book a hotel and pay for it, you receive a bill. If you book a hotel through your company's travel portal, the company may get a bill. If they do, you will still get a folio from the hotel - showing what your company paid for.
Answer 3
Folio is the hotels record of your stay's finances and an invoice is your bill for that stay.
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