USALI or Universal System of accounting in Lodge Industry — is a universal system of accounting is a method of recording and reporting financial transactions for the purpose of determining the value of assets and liabilities. A universal system is not a single accounting system but rather a set of standards for reporting financial information that may be applied in a variety of industries. In the Lodge industry, the Standard Industrial Classification (SIC) is the universal system of accounting.
The Universal System is a system for reporting the financial information of the company to its shareholders. This system is also known as the Accounting System. The purpose of this system is to provide the shareholders with financial data that would enable them to make decisions about the future of the business. The Universal System of Accounting in Lodge industry is a method of recording and reporting the financial activities of a lodge. It is used to help lodge owners and managers, as well as other lodge staff, track financial transactions and make decisions regarding the lodge’s financial management. This system is very useful in accounting and book keeping operations of a lodge. The system helps to manage any lodge and its related matters. The bookkeeping process is easier to follow and manages the lodge’s finances in a better manner. The lodge can easily track the total number of rooms booked and the amount paid by the customers.