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NIGHTLY REVENUE SPLIT Application Setting
Group. Ownership |
Type. Parameter |
Application. |
OVOS |
Description. Perform nightly revenue split.
Internal Name. NIGHTLY_REVENUE_SPLIT
Property Determination. When activated all revenue will be split on a nightly basis when the end of day procedure is ran.
Revenue can be adjusted the day after it is posted if this application setting being set to Y for reservations that have a status of In-House or Due Out. If set to N, then revenue can be adjusted only for Checked Out Reservations for previous business date(s).
Activation / Inactivation Rules. |
Once the parameter is set to Y, it CANNOT be changed back to N. |
Available Values. |
Y-Yes N-No (Default) |
Add On Licenses/Country Specifics. |
<none> |
Other Application Settings. |
When the Ownership>Revenue Pooling application function is set to Y, the revenue pool will be split on a nightly basis when the End of Day procedure is ran. When the Ownership>Revenue Pooling application function is set to N, any revenue will still be split on a nightly basis during the End of Day procedure is ran. |
Affected Areas
Menus / Screens / Fields. |
<none> |
Reports & Report Forms. |
Owner Statements Summary (ovos_statement_summary) Owner Statements Summary With Totals (ovos_statement_summary2) |
Permissions. |
<none> |
Other Areas. |
<none> |
Room: 1001
Owner Revenue %: 60%
Room Rate: $125.00
Room Tax: 8.25%
Transaction Codes: 1000 & 1002 in Owner Revenue Transaction Codes
Deduction: $10.00 attached to Owner Contract
Housekeeping Charge: $25.00 on day of Checkout
Reservation Dates: 8/19 - 8/20
Check In Guest on 8/19
Night Audit ran for 8/19
Post Manually $50.00 to reservation
Check Out Guest
Night Audit ran for 8/20
8/19 = $75.19
125.00 - 10.00 = 115.00 (Room Rate - Contract Deduction)
115.00 + 10.31 = 125.31 (+ Room Tax)
125.31 * 60% (* Revenue %)
75.19 = Revenue %
8/20 = $32.59
50.00 + 4.31 = 54.31 (Manual Posting + Room Tax)
54.31 * 60% (* Revenue %)
32.59 = Revenue %
Re-Opened Original Folio for 8/20 and Posted $25.00.
Checked In A Guest into Room 1001 at a Rate of $215.00 on 8/21 and Departing 8/22
Night Audit is ran for 8/21
8/21 = $133.64
215.00 + 17.74 = 232.74 (Room Rate + Room Tax)
232.74 - 10.00 = 222.74 (- Contract Deduction)
222.74 * 60% (* Revenue %)
13.64 = Revenue % (Owner Revenue Split does not include Re-Opened Folios for previous day)
Guest Checks Out of Room 1001 on 8/22
Guests Reservation is Reinstated on 8/22
Posted $25.00
Guest Checks Out again of Room 1001 on 8/22
Re-Opened the Folio for 8/22 and Posted $50.00
Close the Folio
Night Audit is ran for 8/22
8/22 = $48.71
25.00 + 2.06 = 27.06 (Posted Amount + Room Tax)
27.06 + 50.00 = 77.06 (+ Posted Amount to Re-Opened Folio)
77.06 + 4.13 = 81.19 ( + Room Tax for 50.00 Posting)
81.19 * 60% (* Revenue %)
48.71 = Revenue % (Owner Revenue Split does include Re-Opened Folios for current day)
