Deferring Revenue for a Stay
1. Overview of Revenue Deferral 0:00
Understanding the need to defer revenue for a stay.
Importance of adjusting posting dates for accurate financial reporting.
2. Deferring Revenue for Entire Listing 0:32
To defer revenue for the entire listing (all financials and fees):
Overwrite the posting date.
Example: If a listing checks in December but should be reported in January, set the posting date to January 1st.
3. Deferring a Portion of the Stay 1:04
If only a portion of the stay needs to be deferred:
Identify the amount to defer (e.g., $1,000 of base rent).
Note: Adjustments must be made for each line item that needs deferral.
4. Posting Base Rate Adjustment 1:20
Post a base rate adjustment for the deferred amount:
Example: Post a $1,000 adjustment on the check-in date.
5. Recognizing Deferred Revenue 2:05
Post an adjustment for base rate recognition in the next month:
Choose the same amount ($1,000).
Set a future posting date for this recognition.
6. Summary of Adjustments 2:24
Recap of the process:
Delete the deferred amount from the current month.
Recognize it in the following month.
NOTE: Fees & Commissions should auto adjust & post for the affected changes to financials in the appropriate period.