A package is an element that includes other services other than rate.
Package Forecast Group shows the forecasted number of breakfasts, lunches, dinners, cocktails and so on per day. Package Forecast Reports are configured based on this feature. The report shows a package forecast group and not each package element separately. This allows you to have multiple package elements combined to make one package forecast group.
A rate code is based on a particular combination of forecast groups, such as a tennis package or a theater package.
A package forecast group may be added to a number of rate codes to automatically post an associated transaction, such as tax. When the charge for the element changes, it needs to be changed only in the package element definition, and then all rate codes are automatically updated.
Several package forecast groups may have the same name, so that related items can be posted as one. For example, the federal tax, state tax, and city/county tax can each be defined as a package forecast group all with the name TAX. It is then entered only once on each rate code.