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Siebel Hospitality Guide > Setting Up Property-Specific Menus and Packages > Revenue Allocations for Menus and PackagesIn the context of Siebel Hospitality's menus and packages functionality, allocation means how much revenue is assigned to each item in a menu or package. Because different items may belong to different revenue streams, you can designate what portion of the total revenue Siebel Hospitality allocates to each item in a package. The revenue allocation for a product goes to a revenue category. A menu has a designated revenue category; its individual menu items also have revenue categories that might be different from the parent menu's revenue category. In this case, the parent menu's revenue category overrides the revenue categories of its child items, and all revenue for a menu goes to its revenue category. A package does not have a revenue category, but its individual package items do. In the case of a package, the revenue is allocated to the revenue categories of the child items. You can calculate the revenue allocation manually, or Siebel Hospitality can calculate the revenue allocation automatically. The revenue allocation for a menu is determined by the parent menu record's current list price and its revenue category. The revenue allocation for a package is determined by whether system allocation is selected in the parent package record, and by the revenue categories and quantities of the individual child package items. In each child package item, Siebel Hospitality first looks at the per person allocation. If the per person allocation does not have a value, Siebel Hospitality then looks for the list price. Examples of revenue allocations are as follows:
The scenarios that follow illustrate several system-calculated revenue allocations. Scenario 1: Two-Item PackageThis scenario, shown in Table 12, describes a basic package containing two items. Siebel Hospitality determines the revenue contribution percentage of each item based on its list price. The list price of an item divided by the total of the item list prices equals the contribution percentage of that item. Multiply this contribution percentage by the unit net price of the package to determine how much that item contributes to the price of the package. Scenario 2: Two-Item Package With Discounted PriceThis scenario, shown in Table 13, describes a basic package containing two items. This scenario is similar to Scenario 1: Two-Item Package, except that the customer has negotiated a lower price. Siebel Hospitality determines the revenue contribution percentage of each item based on its list price. The list price of an item divided by the total of the item list prices equals the contribution percentage of that item. Multiply this contribution percentage by the unit net price of the package to determine how much that item contributes to the price of the package. Scenario 3: Three-Item Package With Menu Per PersonThis scenario, shown in Table 14, describes a basic package that includes a menu per person as a line item. The contribution percentage for the menu per person is based on the list price of the menu per person. (However, if the menu per person is a split menu, Siebel Hospitality ignores it and does not include it in any calculations.) Scenario 4: Package Within a PackageThis scenario, shown in Table 15, describes a package within a package. To calculate the contribution percentages of the items in the child package, the system first must calculate the contribution percentage of the child package and then calculate the contribution percentages of its child line items to the contribution percentage of the child package. A breakdown of the calculation steps is as follows:
NOTE: If you have another level of a package within a package, the same iterative process should be followed to determine the per person allocations. |
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