Associating Prices with a Property-Specific Product

You can define prices for the current product for specified time periods. You can define multiple prices to cover different time periods.

Note: It is recommended that you assign a price to every product that can be part of a menu or package. Even if the price of the menu or package bears no direct relationship to the sum of the prices of individual items, Siebel Hospitality uses the individual item prices to calculate how revenues are allocated.

This task is a step in Process of Creating Property-Specific Products.

To associate a price with a property-specific product

1. In the lower part of the Property Administration screen, Event Order/Menu Items view, click the Price subview tab.

2. On the Price list, add a new record and complete the necessary fields.

   Some fields are described in the table that follows.

   Field	Comments
   List Price	The price of this product for the specified time period.
   Start Date	The first day when the specified price applies to this product. Default value is the current date.
   End Date	The last day when the specified price applies to this product.
   Service Charge Inclusive	Select to include the service charge in the specified List Price. Clear to indicate that the specified List Price does not include a service charge.
   Tax Inclusive	Select to include tax in the specified List Price. Clear to indicate that the specified List Price does not include tax.