How does the Clock PMS+ revenue system work?

Modified on: Mon, 6 Feb, 2023 at 1:40 PM


The Revenue/Charge system of Clock PMS+:

  • Gives front office users easy operations
  • Keeps full history of changes in chronological order for the needs of the accounting department
  • Does not let reports for past periods be changed.
  • Is a Dual date tracking system

Presentation to Front office staff

In folios, each charge is presented as a single line, irrespective of the number of corrections. This gives a much simpler view to front office staff. If they want to change the room price, they only need to change the value of the charge. If a charge is made by mistake, they can void it and it will be hidden in the guest folio.

Presentation for Audit

Each time a charge is changed, a history record is stored with the change. Thus audit and charge reports show the original figures and all changes in chronological order. The changes to specific charge can be found under the 'Changes' button next to each charge in the folio. The history of all charges can be seen in the Charge Control Report.

Case Examples

Check the following scenarios to get a clearer idea of how the revenue system works:

1. First, let's create a booking for 2 nights for 1st January next year. The nights will be charged to the booking folio with future dates (1st and 2nd Jan), that's 100 USD.

The future charges will not be included in today's charges report.

2. The booking is still in the future, but we need to change the room price: edit the charges from 100 to 90 USD.

The services are still in the future. No revenue is registered yet and the charges will not be included in the charges report.

3. It's 1st January now.

The first charge will be included in the 1st Jan charges report as 90 USD.

4. It's 2nd January now.

The second charge will be included in the 2nd Jan charges report as 90 USD.

5. It is 3rd January and the booking is checking out. The manager decides to give the guest an additional discount. He changes the room charges for 1st and 2nd January from 90 USD to 80 USD.

The Charges report for 1st and 2nd will be not changed. Two records for -10 USD each will appear in the 3rd Jan charges report.

6. Still at check-out, the receptionist notices that a laundry service charge for 15 USD from 2nd Jan has been skipped. They charge it and set the date of the charge to 2nd Jan, so in the guest folio, the charge will be presented with date 2nd Jan.

The Charges report for 2nd will not be changed. One record for 15 USD will appear in the 3rd Jan charges report.

Revenue date and Service date

The example above shows the chronology principle followed when using the revenue date in the reports of Clock PMS+. The Charges reports will show the following values:

Revenue date:

  • 1st Jan: 90 USD Rooms;
  • 2nd Jan: 90 USD Rooms;
  • 3rd Jan: -20 USD Rooms + 15 USD Extra services.

Nevertheless, there are cases where such chronology can be a problem. Such a case is the calculation of ADR or all revenue based KPI. In the above example, the ADR for 1st, 2nd and 3rd Jan will not be correct. For such cases, the service date can be used instead of the revenue date in some reports. If the service date is used, the reports will not follow the chronology of the changes, but will only reflect the final state of the charge. If the report 'Occupancy and Charges' is run with the parameter 'Date' set to 'by Service Date' instead of 'by Revenue Date', it will show:

Service date:

  • 1st Jan: 80 USD Rooms;
  • 2nd Jan: 80 USD Rooms + 15 USD Extra services;

'Future charges closed as revenue' setting

The setting has an impact on the revenue date of invoiced future services. It is managed through the Tax Settings and is applied to all folios closed upon the activation of this setting. This mode will reflect the revenue for future periods in closed folios as revenue for the date on which the folio is closed.

Example: A folio containing charges with tomorrow's date is closed today. The revenue date will be changed and these charges will appear in the revenue report for today instead in the revenue report for tomorrow.

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