Configuring Comp Transaction Codes

Administration > Financial Admin Section > Configuring Comp Transaction Codes

Comp Transaction Codes enable the financial accounting of complimentary goods and services that properties provide to guests. Properties with an active Gaming License Code can create Comp Transaction Codes.

Use the Comp Accounting Workspace in the Administration menu to configure Comp Accounting Codes. Consider the following:

Comp Transaction Codes reverse standard transaction code charges on a guest’s account.
You can associate one or more standard transaction code(s) to a Comp Accounting Code. This is optional since Comp Transaction Codes do not require mapping to standard transaction codes.
You can copy Comp Transaction Codes from one property to another property (active Gaming License Code required).
Comp Accounting Codes belong to non-payment type (Revenue or Wrapper) Groups and Subgroups only.

To create Comp Transaction Codes:

Open the Comp Accounting Workspace and select Comp Accounting Workspace, select Comp Transaction Codes.
Select New and complete the mandatory fields at a minimum.
After saving, the Edit screen appears allowing you to configure associated transaction codes and generates (if the transaction type is Revenue).
Select Edit in the Associated Transaction Codes section if you want to associate transaction codes with the Comp Transaction Code.

Key Terms

Comp Accounting Fields	Description
Subgroup	A way of grouping codes for reporting purposes. When you select a subgroup, the Group field populates automatically.
Types	Associates the code with similar codes under a common type; for example, Food and Beverage, Telephone, Minibar, Tax, etc.
Min./Max. Amount	Sets the minimum and maximum amount allowed under the code.
Revenue Groups	Assigns the code to the Revenue Group defined for adjustments.
Include in Deposit/CXL Rule	Applies the code to deposit/cancellation rules that are defined for the reservation.
Generates Inclusive	Includes additional amounts (such as taxes, fees, etc.) in the amount posted.
Check No Mandatory	Forces entry of the check number if the guest pays by check.