Rhea Lumauag, Income Auditor

Rhea Lumauag

Income Auditor

The Regency Hotel

Location
Kuwait
Education
Master's degree, Dual MBA in Cost Accounting & International Finance Management
Experience
26 years, 9 Months

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Work Experience

Total years of experience :26 years, 9 Months

Income Auditor at The Regency Hotel
  • Kuwait
  • My current job since October 2009

Maintain a procedure necessary to verify the accuracy of all revenue and adjustment posting. To investigate all complimentary rooms, market code statistics report, miscellaneous and Adjustment vouchers, managers checks, rate discrepancy, balancing of all interface system and the accuracy of the Managers Report. To ensure that all revenues are correctly posted into the PMS system and accurately reported in the General Ledger. To check the Trial Balance daily.
Duties & Responsibilities
• To audit and verify all revenue transactions, record them and prepare daily and monthly sales and other reports for management according to hotel policies and procedures.
• Audit all revenue transactions for techniques consistency, and methods used to meet hotel`s standards and local policies and procedures. Examine all the transactions for accuracy and ensure the trials tally.
• Review "Rate Segment Report" (Rate Check) to ensure that all occupied rooms have genuine room rate as per Minimum Rate Agreement and that all special rates and complimentary rooms are authenticated and approved.
• Post Room Revenue and ensure that all occupied rooms have been charged accurately.
• Post all pending/ unposted charges.
• Audit all outlet reports and tally them with Opera for accuracy. Check that genuine discounts are given.
• Audit the banquet functions and ensure the charges are as per banquet event orders.
• C0ntrol and reconcile the daily sales in all outlets.
• Audit F&B and all other hotel revenue generated and ensure the accuracy.
• Segregate and audit GSA daily work for accuracy.
• Audit the credit card transactions for accuracy. Ensure the POS details summary reports agree with Opera.
• Check the authenticity of all FO paid outs/rebates and outlet rebates and verify for accuracy.
• Controls together with Accounts Receivable on daily basis PM and permanent folios.
• Audit all administrative PM folios and lost interface posting charges. Analyze and transfer them to respective accounts/folios.
• Perform month end closing and ensure that the trial balance agree with general Ledger.
• Prepares daily and monthly reports for the management.
• Post the daily audited work in audit program and ensure that:
• The trial balance should tally with that of Opera
• Debit and credit totals of the Daily Income Journal Balances.
• The Night Auditor figures should tally with the Sales Report
• Micros Revenue Reports should tally with the Sales Report
• The forecast and last year`s figures in the Sales Report should be accurate.
• Record all miscellaneous charges in Miscellaneous Analysis Book and mark "paid" any payment made against JV payable. Reconcile Miscellaneous Account.
• Make spot check in the outlets.
• Responsible along with night auditor for daily, weekly, and monthly backups for Opera and Micros.
• Record all miscellaneous charges and maintain audit miscellaneous account.
• Submit daily rebates, paid outs and any other pM Master folios, reports to DOF for review and approval.
• Ensure to have adequate control over all banquet function sheets.

Member of Preferred Hotel & Resorts at The Regency Hotel
  • Kuwait
  • May 2009 to October 2009

Company Name: The Regency Hotel
5 Star Deluxe Hotel - Pre Opening and Opening Team
*Member of Preferred Hotel & Resorts

Position: Accounts Receivable, 5/2009 to 10/2009

I was the in charge of monitoring the receivables of our clients if it is overdue or not. Assisting the Credit Controller and preparing the statement of accounts to certain companies. Following up overdue accounts of clients and sending reminders to companies who had delinquent accounts to us.

Duties & Responsibilities
• Prepares the Daily Cash Report and compares to Income Auditor's Daily Income Control Report.
• Maintains a register for shortage, overage and due back collected /returned to the outlet cashiers accordingly.
• Maintains individual file for all debtors with all the documents up to date
• Maintains a subsidiary receivable ledger and posts all transactions to the individual accounts.
• Maintains the cash receipt journal and prepares journal entries
• Prepares and issues invoices for debtors such as (Companies, Ministry, and Travel Agents)
• Follow up on the delivery of invoices to debtors
• Prepares statement of accounts for all debtors
• Maintains a register for controlling forms such as invoices, official receipt, and currency exchange)
• Prepares and issues monthly reports of health club and spa
• Computes Travel agents commission
• In the absence of the General Cashier, takes the daily cash collections from the Front Office safe, after verifying the amount on the envelopes and cash register maintained by Front Office
• Maintains daily and monthly reconciliation of credit cards
• Perform other assigned duties that contributes to the company's mission and objectives
• Follow up clients and customers and ensuring timely collection of receivables

Cashier at Top Eagles Party Sales, Inc
  • Philippines
  • May 1999 to August 2009

I was in charge of cashering, assisting our distributor in the programs which she is conducting in different provinces. I was also the one sending demand letters to clients who had delinquent accounts to the company. I also assist in delivery of stocks to different provinces.

Duties & Responsibilities
• In charge of cashering
• Encoding orders of dealers and managers
• Delivers stocks ordered to out of town places
• In charge of all the collections
• Conducting inventories of stocks
• Assisting in our Tupperware Programs weekly

Accounting Clerk/Payable at Favorite Pizzas, Inc
  • Philippines
  • December 2006 to May 2009

I am handling 3 branches in Cebu area and was in charge of all the inventories and personal file of each employees. I am the one in charge of the day to day operations of this outlets and solving also daily problems encountered by the outlets.
Duties & Responsibilities
• Compute Food Cost for Financial Statements
• Making journal entries
• Segregate Purchase Receipts
• Record purchases to purchase book
• Record purchases to subsidiary ledger
• Encode purchases to ledger
• Encode check voucher to disbursement book
• Make check voucher payment to suppliers
• In charge of Accounts Payable
• Handling of 3 branches
• Check daily cashiers report
• Encode monthly sales and conducting
Monthly inventory
• Making the payroll

Bookkeeper at Enrique Te Accounting Firm - Philippines
  • Philippines
  • October 2004 to June 2006

I am handling 10 clients, which are all engage in different kinds of business. My duty is to compute all payments involving Government Taxes to help the clients lower the charges/payments to the government agency.

Duties & Responsibilities
• Preparing Financial Statements
• Preparing the computation of Value Added Tax (Monthly, Quarterly & Annually)
• Preparing the payments for Social Security, Phil health & Pag - ibig payments
• Preparing payroll and recording of monthly sales of clients

Accounting Clerk/Receivables at We win's Corporation
  • Philippines
  • January 2004 to October 2004

I was in charge of collections, receivables and payable. I am also assisting our Accountant in all bookkeeping and reconciliation of each daily transactions. This is engage in Bakeries and pastries.

Duties & Responsibilities
• In charge of all receivables & collection
• In charge of deposits and making bank reconciliation
• Conducting inventory of stocks and reconciling it
• Assisting the Accountant in all bookkeeping works
• In charge also of the payables

Secretary at Philippine Federation of Housing Cooperative - Philippines
  • Philippines
  • February 2003 to May 2003

I was in charge of all the administrative works and confidential files of our clients. A company engage in real estate.

Duties & Responsibilites
• In charge of all telephone calls
• Filing all the files of clients
• In charge of collection of payments of clients
• Assisting the Program Managers in conducting seminars
• Taking minutes in the meeting
• Handling and keeping confidential files

Outlet Supervisor at Philippine Charity Sweepstakes Lottery - Philippines
  • Philippines
  • August 1996 to April 1998

I was supervising 5 outlets, and in charge of the day to day operations. Having an advance knowledge of different system used in the operation.

Duties & Responsibilities
• In charge of making all the reports required by the PCSO
• In charge of deposits and cash sales reconciliation
• Making of employees payroll
• Conducting inventory of outlet supplies
• In charge of collection of cash sales of each outlets
• In charge of remittance reports to PCSO

Education

Master's degree, Dual MBA in Cost Accounting & International Finance Management
  • at Indian School of Management & Studies
  • April 2013

I have fulfilled my MBA course with Grade A, and I believe that it could help me more in my career.

Bachelor's degree, Banking & Finance
  • at University of Negros Occidental
  • March 1996

University of Negros Occidental -Recoletos -Bacolod City Philippines Bachelor of Commerce- Banking & Finance 03/1996

High school or equivalent, Secondary Education
  • at Stella Maris Academy
  • March 1991

Stella Maris Academy - Aguisan Himamaylan Neg. Occ. - Philippines Secondary Education - 03/1991

Specialties & Skills

Auditing
Bookkeeping
Auditing
LEDGER ACCOUNTS
CASHIER
CLIENTS
COLLECTIONS
DELINQUENT ACCOUNTS
ENCODING
FINANCIAL STATEMENTS
OPERATIONS

Languages

English
Expert

Memberships

of Preferred Hotel and Resorts
  • Member
of Preferred Hotel & Resorts
  • Member