Skip to main content

Overview of Reservation Drawer Financials and Fees & Commissions

Learn about the reservations drawer

Updated over a week ago

Overview of Reservation and Financials Management

1. Introduction to Reservation Overview 0:00

generated-image-at-00:00:00

  • Overview of the reservation and the reservation drawer.

  • Focus on understanding financials related to the reservation.

2. Understanding Financials 0:13

generated-image-at-00:00:13

  • Financials show what has been charged to the guest.

  • Items marked through indicate exclusions or reference accounts not included in the amounts received from the guest.

3. Revenue Distribution 0:33

generated-image-at-00:00:33

  • All revenue in financials and revenue adjustments initially goes to the owner.

  • Important to note the flow of revenue.

4. Fees and Commissions Overview 0:48

generated-image-at-00:00:48

  • Fees and commissions include various deductions from financials and revenue given to the property manager.

  • These are the amounts that will come to the property manager.

5. Making Adjustments to Fees 1:07

generated-image-at-00:01:07

  • If an adjustment is needed (e.g., administrative fee), it can be made to move revenue from the owner to the property manager.

  • Process for making one-time adjustments to fees and commissions.

Link to Loom

https://loom.com/share/eafa9d1cefe54b6ebd33147dfa45b1f0

Did this answer your question?