Prerequisites for Financial Administration

This chapter of the OPERA Cloud User Guide lists the prerequisites for Financial Administration menu.

• Prerequisites for Accounts Receivable Configuration
  
• Prerequisites for AR Restricted Reasons Configuration
  
• Prerequisites for Budget Forecast Entry
  
• Prerequisites for Configuring Auto Folio Settlement Rules
  
• Prerequisites for Configuring Folio Copy Legend
  
• Prerequisites for Configuring Folio Arrangement Codes
  
• Prerequisites for Configuring Group Arrangement Codes
  
• Prerequisites for Custom Numbers
  
• Prerequisites for Configuring Custom Charges Exemption
  
• Prerequisites for Configuring Custom Charges
  
• Prerequisites for Configuring Daily Plans
  
• Prerequisites for Configuring Expense Arrangement Codes
  
• Prerequisites for Configuring Package Arrangements
  
• Prerequisites for Configuring Fiscal Period Reporting
  
• Prerequisites for Foreign Currency Codes
  
• Prerequisites for Configuring Foreign Currency Limits
  
• Prerequisites for Setting Up No Show Posting Rules
  
• Prerequisites for Shift Drop Locations and Bag Numbers
  
• Prerequisites for Configuring Tax Types
  
• Prerequisites for Configuring Currency Exchange Service Taxes
  
• Prerequisite for Commissions
  
• Prerequisites for Stop Processing Reason Codes
  
• Prerequisites for Comp Accounting
  
• Prerequisites for Comp Redemption Codes
  
• Prerequisites for Comp Routing Codes
  
• Prerequisites for Comp Types
  
• Prerequisites for Oracle Fiscal Integration Service (OFIS)
  
• Prerequisites for Package Codes
  
• Prerequisites for Rate Seasons
  
• Prerequisites for Configuring Display Sets
  
• Prerequisites for Base Rates
  
• Prerequisites for Dynamic Base Rates
  
• Prerequisites for Advanced Daily Rates
  
• Prerequisites for Advanced Dynamic Base Rates
  
• Prerequisites for Best Available Rates (BAR)
  
• Prerequisites for Dynamic BAR Based Rates
  
• Prerequisites for BAR Based Rates
  
• Prerequisites for Managing Rate Code Approval
  
• Prerequisites for Rate Code Restrictions
  
• Prerequisites for Rate Code Default Routing Instructions
  
• Prerequisites for Configuring Multi Transaction Code Rate Codes
  
• Prerequisites for Configuring Daily Rates
  
• Prerequisites for Configuring Best Available Rate Schedules
  
• Prerequisites for Occupant Threshold Pricing
  
• Prerequisites for Configuring Advanced Rate Code Posting Rhythms
  
• Prerequisites for Rate Tiers
  
• Prerequisites for Configuring Rate Code Protection
  
• Prerequisites for Promotion Codes
  
• Prerequisites for Promotion Codes with Comp Routing Instructions
  
• Prerequisites for Hurdle Rates
  
• Prerequisites for Yield Management
  
• Prerequisites for Configuring Rate Groups
  
• Prerequisites for Property Calendar
  
• Prerequisites for Day Types
  
• Prerequisites for Interim / Final Procedures and Reports
  
• Prerequisites for Transaction Diversion
  
• Prerequisites for Revenue Buckets
  
• Prerequisites for Routing Codes
  
• Prerequisites for About Rounding Factors
  
• Prerequisites for Transaction Code Protection
  
• Prerequisites for Configuring Articles
  
• Prerequisites for Configuring Revenue Type Mapping
  
• Prerequisites for Credit Card Types
  

Prerequisites for Accounts Receivable Configuration

OPERA Controls

Group: Accounts Receivables

Functions: Accounts Receivables

OPERA Cloud Tasks

Account Receivables

• Restricted Reasons

  • New/Edit Restricted Reasons

  • Delete Restricted Reasons

• Account Types

  • New/Edit Account Types

  • Delete Account Types

Prerequisites for AR Restricted Reasons Configuration

OPERA Controls

Group: Profiles

Parameters: Restriction / Flagged Reasons

Prerequisites for Budget Forecast Entry

OPERA Controls

Group: Cashiering

Functions:

• Budget Forecast

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Budget Forecast

Prerequisites for Configuring Auto Folio Settlement Rules

OPERA Controls

Group: Cashiering

Functions: Auto Settlement Rules

Prerequisites for Configuring Folio Copy Legend

OPERA Controls

Group: Cashiering

Settings: Folio Copy Legend

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Cashiering Management

• Folio Copy Legend

Prerequisites for Configuring Folio Arrangement Codes

OPERA Controls

Group: Cashiering

Parameters: Folio Arrangements

OPERA Cloud Tasks

Group: Financial Admin

Parameters: Cashiering Management

Folio Grouping Codes

• New/Edit Folio Grouping Codes

• Delete Folio Grouping Codes

Prerequisites for Configuring Group Arrangement Codes

OPERA Cloud Tasks

Group: Financial Admin

Parameters: Cashiering Management

Folio Grouping Codes

• New/Edit Folio Grouping Codes

• Delete Folio Grouping Codes

Prerequisites for Custom Numbers

OPERA Controls

Group: Cashiering

Parameters: Custom Numbers

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Cashiering Management

Custom Numbers

• New/Edit Custom Numbers

• Delete Custom Numbers

Prerequisites for Configuring Custom Charges Exemption

OPERA Controls

Group: Cashiering

Parameters: Custom Charges

OPERA Cloud Tasks

Group: Financial Admin

Cashiering Management

• Custom Charge Exemptions

Prerequisites for Configuring Custom Charges

OPERA Controls

Group: Cashiering

Parameters: Custom Charges

OPERA Cloud Tasks

Group: Financial Admin

Cashiering Management

• New/Edit Custom Charge Config

• Delete Custom Charge Config

Prerequisites for Configuring Daily Plans

OPERA Controls

Group: Cashiering

Parameters: Daily Plans

OPERA Cloud Tasks

Financial Admin

Cashiering Management

• Folio Grouping Codes

  • New/Edit Folio Grouping Codes

  • Delete Folio Grouping Codes

Prerequisites for Configuring Expense Arrangement Codes

OPERA Controls

Group: Cashiering

Parameters: Prompt for Expense Folio Upon Check Out

OPERA Cloud Tasks

Group: Financial Admin

Parameters: Cashiering Management

Folio Grouping Codes

• New/Edit Folio Grouping Codes

• Delete Folio Grouping Codes

Prerequisites for Configuring Package Arrangements

OPERA Controls

Group: Cashiering

Functions: Folio Arrangements

OPERA Cloud Tasks

Financial Admin

Cashiering Management

• Folio Grouping Codes

  • New/Edit Folio Grouping Codes

  • Delete Folio Grouping Codes

Prerequisites for Configuring Fiscal Period Reporting

OPERA Controls

Group: Cashiering

Functions: Period Definition (optional)

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Cashiering Management

Period Definition

• New/Edit Period Definition

• Delete Period Definition

Prerequisites for Foreign Currency Codes

OPERA Controls

Group: Cashiering

Functions: Foreign Currency Codes

Parameters: 

• Sell Currency

• Foreign Currency Limits

OPERA Cloud Tasks

Foreign Currency Codes

• New/Edit Foreign Currency Codes

• Delete Foreign Currency Codes

• Edit Foreign Currency Limits

Prerequisites for Configuring Foreign Currency Limits

OPERA Controls

Group: Cashiering

Functions: Foreign Currency Codes

Parameters: 

• Sell Currency

• Foreign Currency Limits

OPERA Cloud Tasks

Cashiering Management

• Foreign Currency Codes

• Edit Foreign Currency Limits

Prerequisites for Setting Up No Show Posting Rules

OPERA Controls

Group: Cashiering

Functions: No Show and Cancellation Postings

Parameters: Post Revenue To No Shows (No show Posting Rules)

Settings: No Show Posting Transaction Code

OPERA Cloud Tasks

Group: Cashiering

Tasks: Cashiering Management

No Show Posting Rules

• New/Edit No Show Posting Rules

• Delete No Show Posting Rules

Prerequisites for Shift Drop Locations and Bag Numbers

OPERA Controls

Group: Cashiering

Parameters: Shift Drop Location and Bag Numbers

Prerequisites for Configuring Tax Types

OPERA Controls

Group: Cashiering

Settings:

• Tax Type Calculation

• Default Tax Type

OPERA Cloud Tasks

Cashiering Management

• Tax Types

  • New/Edit Tax Types

  • Delete Tax Types

Prerequisites for Configuring Currency Exchange Service Taxes

OPERA Controls

Group: Cashiering

Functions: Foreign Currency Codes

• Exchange Service Tax

• Currency Exchange Taxable Transaction Code

• Service Tax based on Transaction Code Generates (optional)

• Currency Exchange Taxable Offset Transaction Code (optional)

OPERA Cloud Tasks

Group: Cashiering Management

Tasks: Exchange Service Tax

• New/Edit Exchange Service Tax

• Delete Exchange Service Tax

Prerequisite for Commissions

OPERA Cloud Tasks

Table 13-1 Commissions Management

Commissions Management	Commissions	Tasks
	Bank Accounts	New/Edit Bank Accounts Delete Bank Accounts
	Stop Processing Reasons	New/Edit Stop Processing Reasons Delete Stop Processing Reasons
	Commission Codes	New/Edit Commission Codes Delete Commission Codes

Prerequisites for Stop Processing Reason Codes

OPERA Controls

Group : Commissions

Parameters : Stop Processing Reason Codes

OPERA Cloud Tasks

Group: Finance Administration

Tasks: Commissions Management

Stop Processing Reasons:

• New/Edit Stop Processing Reasons

• Delete Stop Processing Reasons

Prerequisites for Comp Accounting

Licenses / Subscriptions

Oracle Hospitality OPERA Comp Accounting Cloud Service

Or

Oracle Hospitality OPERA Cloud Service Casino and Gaming Management

Prerequisites for Comp Redemption Codes

OPERA Controls

Group: Comp Accounting

Parameters: Comp Redemption

OPERA Cloud Tasks

Group : Financial Admin

Comp Accounting: Comp Redemption Codes

• New/Edit Comp Redemption Codes

• Delete Comp Redemption Codes

Prerequisites for Comp Routing Codes

Licenses / Subscriptions

Oracle Hospitality OPERA Comp Accounting Cloud Service

OPERA Controls

Group: Cashiering

Functions: Routing

OPERA Cloud Tasks

Group : Financial Admin

Comp Accounting: Comp Routing Codes

• New/Edit Comp Routing Codes

• Delete Comp Routing Codes

Prerequisites for Comp Types

OPERA Controls

Group: Comp Accounting

Parameters: Comp Types

OPERA Cloud Tasks

Group : Financial Admin

Comp Accounting: Comp Types

• New/Edit Comp Types

• Delete Comp Types

Prerequisites for Oracle Fiscal Integration Service (OFIS)

OPERA Controls

Group: Cashiering

Parameters : Fiscal Folio Printing

OPERA Cloud Tasks

Group : Financial Admin

Tasks : Fiscal Management

• Fiscal Commands

  • Edit Fiscal Commands

• Fiscal Partners

  • New/Edit Fiscal Partners

  • Delete Fiscal Partners

• Fiscal Terminal Setup

  • New/Edit Fiscal Terminal Setup

  • Delete Fiscal Terminal Setup

• Fiscal Folio Parameters

  • New/Edit Fiscal Folio Parameters

  • Fiscal Folio Parameters Template

  • Delete Fiscal Folio Parameters

• Fiscal Folio Buckets

  • New/Edit Fiscal Folio Buckets

  • Delete Fiscal Folio Buckets

Prerequisites for Package Codes

OPERA Controls

Group: Rate Management

Functions:

• Advanced Packages (Allowances) - Optional

• Item Inventory - Optional

OPERA Cloud Tasks

Rate Management

• Package Codes

  • New/Edit Package Codes

  • Delete Package Codes

Prerequisites for Rate Seasons

OPERA Controls

Group: Rate Management

Functions: Rate Seasons

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

• Rate Seasons

Prerequisites for Configuring Display Sets

OPERA Cloud Tasks

Rate Management

• Display Sets

• New/Edit Display Sets

• Delete Display Sets

Prerequisites for Base Rates

OPERA Controls

Group: Rate Management

Functions: Base Rates

• Base Rate Extra Person Calculation

Prerequisites for Dynamic Base Rates

OPERA Controls

Group: Rate Management

Functions:

• Base Rates

• Dynamic Base Rates

Prerequisites for Advanced Daily Rates

OPERA Controls

Group: Rate Management

Functions: Daily Rates

• Advanced Daily Rates

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Rate Codes

• New/Edit Rate Codes

• Delete Rate Codes

• New/Edit Pricing Schedules

• Delete Pricing Schedules

• Edit Rate Code Type

Prerequisites for Advanced Dynamic Base Rates

OPERA Controls

Group: Rate Management

Functions:

• Advanced Dynamic Base Rates

• Base Rates

• Best Available Rates

• Dynamic Base Rates

Prerequisites for Best Available Rates (BAR)

OPERA Controls

Group: Rate Management

Functions: Best Available Rates

Parameters:

• Rate Groups

• Default to Highest BAR

Settings: Best Available Rate Type

Prerequisites for Dynamic BAR Based Rates

OPERA Controls

Group: Rate Management

Functions: Best Available Rates

• Best Available Rate Type

Prerequisites for BAR Based Rates

OPERA Controls

Group: Rate Management

Functions: Best Available Rates

• Best Available Rate Type

Prerequisites for Managing Rate Code Approval

OPERA Controls

Group: Rate Management

Functions: Rate Code Approval 

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Rate Codes

• Approve Rate Codes

Prerequisites for Rate Code Restrictions

OPERA Controls

Group: Inventory Management

Parameters: Restrictions

• Setting: Rate Category Restrictions

• Setting: Rate Code Restrictions

• Setting: Restriction Types

Prerequisites for Rate Code Default Routing Instructions

OPERA Controls

Group: Cashiering

Functions: Routing

Prerequisites for Configuring Multi Transaction Code Rate Codes

OPERA Controls

Group: Rates

Parameters: Revenue Posting by Room Type/Room Class

Prerequisites for Configuring Daily Rates

OPERA Controls

Group: Rate Management

Functions: Daily Rates

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

• Rate Codes

• New/Edit Rate Codes

• Delete Rate Codes

• New/Edit Pricing Schedules

• Delete Pricing Schedules

• Edit Rate Code Type

Prerequisites for Configuring Best Available Rate Schedules

OPERA Controls

Group: Rate Management

Functions: Best Available Rates

Settings: Best Available Rate Type = BAR by Day or BAR by LOS

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Best Available Rate Schedule

• New Best Available Rate Schedule

• Delete Best Available Rate Schedule

Prerequisites for Occupant Threshold Pricing

OPERA Controls

Group: Rates

Functions: Occupant Threshold Pricing Method

Prerequisites for Configuring Advanced Rate Code Posting Rhythms

OPERA Controls

Group: Rate Management

Parameters: Advanced Rate Code Posting Rhythm

Note:

Cannot be used in conjunction with Rate Code Posting Rhythm OPERA Control

Prerequisites for Rate Tiers

OPERA Controls

Group: Rate Management

Functions: Rate Tiers

Settings: Rate Tier Details

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Prerequisites for Configuring Rate Code Protection

OPERA Controls

Group: Rate Management

Parameters: Rate Ownership Handling (optional)

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Rate Protection

• Edit Rate Protection

Prerequisites for Promotion Codes

OPERA Controls

Group: Rate Management

Functions: Promotions Module

Parameters: Hide Promotion Rates

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Promotion Codes

• New/Edit Promotion Codes

Prerequisites for Promotion Codes with Comp Routing Instructions

Licenses / Subscriptions

Oracle Hospitality OPERA Comp Accounting Cloud Service

OPERA Controls

Group: Cashiering

Functions: Routing

Group: Rate Management

Functions: Promotions Module

The following parameter impacts the workflow related to Promotion Codes with Comp Routing:

Group: Comp Accounting

Parameters: Authorizer PIN Required

Prerequisites for Hurdle Rates

Subscriptions

Oracle Hospitality OPERA Yield Interface Enhanced Cloud Service

or

Oracle Hospitality OPERA Yield Interface Basic Cloud Service

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Hurdle Rates

• New/Edit Hurdle Rates

• Delete Hurdle Rates

Prerequisites for Yield Management

Subscriptions

Oracle Hospitality OPERA Yield Interface Enhanced Cloud Service

OR

Oracle Hospitality OPERA Yield Interface Basic Cloud Service

OPERA Controls

• Group: Rate Management

• Function: Yield Management

• Parameter:

  • Yield Market Types

  • Multiple Yield Market Types

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

• Yield

  • New/Edit Yield Category

  • Delete Yield Category

  • New/Edit Yield Adjustments

  • Delete Yield Adjustments

  • New/Edit Yield Market Types

  • Delete Yield Market Types

Prerequisites for Configuring Rate Groups

OPERA CONTROLS

Group: Rate Management

Functions: Best Available Rates

Parameters: Rate Groups

OPERA Cloud Tasks

• Financial Admin

• Rate Groups

  • New/ Edit Rate Groups

  • Delete Rate Groups

Prerequisites for Property Calendar

OPERA Controls

Group: Reservations

Parameters: Property Calendar

Group: Rate Management

OPERA Cloud Tasks

• Property Calendar

• New/Edit Property Calendar

• Delete Property Calendar

Prerequisites for Day Types

OPERA Controls

Group: Rate Management

Functions: Day Types

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Configure Day Types

• Create Day Types

• Edit Day Types

• Delete Day Types

Prerequisites for Interim / Final Procedures and Reports

OPERA Controls

Group: End of Day

Functions: Income Audit (optional)

Settings: Income Audit Cashier Setting

OPERA Cloud Tasks

Tasks: Routine Management

• End of Day Procedures

  • New/Edit Procedures

  • Delete Procedures

• End of Day Reports

  • New/Edit Reports

  • Delete Reports

Prerequisites for Transaction Diversion

OPERA Controls

Group: Cashiering

Functions: Transaction Diversions.

OPERA Cloud Tasks

Financial Admin

• Transaction Diversions

  • New/Edit Transaction Diversions

  • Delete Transaction Diversions

Prerequisites for Revenue Buckets

OPERA Controls

Group: Profile

Functions: Profile Revenue Buckets.

OPERA Cloud Tasks

Group: Financial Admin

Revenue Buckets

• New/Edit Revenue Buckets

• Delete Revenue Buckets

Prerequisites for Routing Codes

OPERA Controls

Group: Cashiering

Functions:

• Routing

• Routing Limits

OPERA Cloud Tasks

Financial Transactions

Routing Codes

• New/Edit Routing Codes

• Delete Routing Codes

Prerequisites for About Rounding Factors

OPERA Controls

Group: Cashiering

Function: Rounding Factor

Setting:

• Rounding Multiple (Factor)

• Rounding Multiple (Transaction) Code

Prerequisites for Transaction Code Protection

OPERA Controls

Group: Cashiering

Functions: Transaction Code Ownership

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Financial Transactions

Transaction Code Protection

• Edit Transaction Code Protection

Group: Financial Admin

Tasks: Financial Transactions

Transaction Codes

• Override Property Protection

• Override Central Protection

Prerequisites for Configuring Articles

OPERA Controls

Group: Cashiering

Functions: Articles

OPERA Cloud Tasks

Financial Transactions

• Articles

  • New/Edit Articles

  • Delete Articles

Prerequisites for Configuring Revenue Type Mapping

OPERA Controls

Group: Events

Functions: Catering Events

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Financial Transactions

Revenue Type Mapping

• New/Edit Revenue Type Mapping

• Delete Revenue Type Mapping

Prerequisites for Credit Card Types

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Financial Transactions

Credit Card Types

• New/Edit Credit Card Types

• Delete Credit Card Types