The Revenue Allocation makes the price breakdown for more accurate accounting and profit&loss analysis. It is meant to improve the calculations of the rate plans that include add-ons (packages) to have correctly distributed revenue streams for storing transactions and reporting better tax documents to the government.
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Important
Benefits
- Improved calculation to split revenue streams for packages or internal price breakdown. If there is a reservation that includes breakfast, this feature allows the breakfast transaction to be posted every day of the stay or for every guest.
- Apply the price breakdown to the reservations received from booking engine and direct reservations.
- The new package pricing breakdown is displayed:
- when you create a reservation;
- when you edit reservation.
-
Print Folio the way you need it:
- without revenue breakdown for guests;
- with the breakdown for your internal needs.
Currently, revenue breakdown is not reflected in:
- Reports
- Guest-facing sections such as: invoices and reservation confirmation e-mails, as it is not relevant for guests.
How does it look?
Revenue allocation is the way to show a detailed breakdown of the rate plan with add-ons. Check the following example:
- A reservation for the Standard room: 2 adults and 1 child included in the room rate
- Rate plan: Walk-in, Breakfast included
- Number of Nights: 3
On guest's folio you can see the following breakdown of charges:
- Room rate for the first night
- Tax for the first night
- Separate breakfast charges for 2 adults and for 1 child (discounted) for the first day
- Tax for each person's breakfast
- Room rate for the second night
- Tax for the second night stay
- Airport Transfer
- Tax for the transfer
- Separate breakfast charges for 2 adults and for 1 child (discounted) for the second day
- Tax for each person's breakfast
- Total
Invoicing
Since guests don't need all of these details on their invoices, they will see the following:
- Combined value of the package per day
- Combined value of total taxes
How to control how add-ons values are calculated for revenue allocation
Choose how the items will be calculated for revenue allocation:
- Adjust its price proportionally to the other package inclusions - this option includes the add-on price into the calculation and adjust its price proportionally to the other package inclusions.
- Calculate based on the full price - this option doesn't change the add-on price and keep the full pricing. It is mostly used for the services provided by the third-parties, where you want to keep the price fixed. For example: concert tickets, airport transfers, or safari tours. These services should be marked with this option during add-on creation to keep their pricing fixed.
How to configure add-ons transaction to be posted daily
If the add-ons charge type is selected as: Per Night, Per Guest Per Night or Per Room/Bed Per Night you can select for the transaction to be posted daily as shown below:
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