Financial Revenue vs Operational Revenue
The key differences between Accommodation Revenue types.
What are the differences between Financial Revenue & Operational Revenue?
The table below outlines the key differences for reporting purposes on the two types of revenue.
|Reports transactions from all account types in RMS.||Only reports on transactions applied to reservation accounts.|
|Reports on all General Ledger Account Codes.||Only reports on General Ledger Account Codes setup to be included in Accommodation Revenue.|
|Only reports on transactions physically posted to accounts.||Includes projections based on system variables when no transaction exists on the account.|
|Should be used to report on business revenue and taxes which can then be used to import into any accounting software.||Can be used for statistical analysis and performance tracking on particular Rate Types, Booking Sources, Companies or Travel Agents during any specified period of time.|
|Can be used by accountants to identify specific transactions.||Would be used by Sales & Marketing.|
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