How to activate the Projected Balance function for reservations.
Overview
Show Projected Balance is an Accounting Option that is a projection of the Reservation Account Balance on the Reservation Screen and the In/Out Movements screen.
The projected balance includes:
- Total Rate
- Requirements
- Add Ons
- Guest Transfers
- Discounts
And it also includes any additional transactions posted to the account, like:
★ Tip: The Projected Balance will match the Proforma Tax Invoice.
✎ Please Note: RMS is highly configurable. Some Terminology, User Access & Permissions, Images, Labels, and Functions used in these articles may differ from your setup. CLICK HERE to find out more.
Enabling Projected Balance
In the side menu of RMS, go to Setup > Accounting > Accounting Options.
- Select a Property.
- Navigate to the Account Screen tab.
- Select the 'Show Projected Balance' checkbox.
- Select Save/Exit.
★ Tip: After saving changes to the setup, Users should log out of RMS and then
Log back in to ensure the database updates and reflects the modifications.
Log back in to ensure the database updates and reflects the modifications.
Example Display
★ Tip: Projected Balance can be used to default the Receipt Amount on the Guest Portal to receive payment prior to any of the charges being created on the Reservation Account.
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