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July 9, 2020 Sloan Council Meeting Special Meeting 1.Mayor Thorpe called the Special Council Meeting to order at 6:00 PM a. Roll Call: Stoulil, Copple, Iverson, Bartels, Brekke (Absent) Present: Justin

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What is advances in hospitality and?

Advances in hospitality refer to prepayments made by customers for services or products that will be provided in the future, often used in the context of the hospitality industry to secure reservations or bookings.

Who is required to file advances in hospitality and?

Businesses in the hospitality industry, such as hotels, restaurants, and event venues that accept advance payments from customers, are required to file advances in hospitality.

How to fill out advances in hospitality and?

To fill out advances in hospitality, businesses need to provide accurate details of the advance payments received, including customer information, amount, service or product description, and the date of the transaction.

What is the purpose of advances in hospitality and?

The purpose of advances in hospitality is to secure revenue for future services, manage cash flow for businesses, and provide customers with assurance of their reservations.

What information must be reported on advances in hospitality and?

Information that must be reported includes the total amount of advances received, customer details, the nature of the service provided, and the date of the advance payment.

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