The Financial Report
The Financial Report allows hospitality businesses to keep track of service demand by displaying the total revenue generated from booked and billed services.
How to create a Financial Report
To generate this report, you must navigate to Reports > Online Reports > Finacial and select the Financial Report in the drop-down menu. Here you can select the specific day or period for which you want to create the report.
Check out this step-by-step guide for further instructions: How to create quick reports in real-time.
What does a Financial Report include?
A Financial Report includes several components that provide a breakdown of the hotel’s financial data for a certain day or period. Here is what’s included:
- Rooms, Options, Departments, Services: This section of the report shows information about the room types, departments, and booked services. It is displayed on the left side of the report.
- Total: The total revenue generated from the booked services, as well as the total revenue generated from the services for each department.
- Booked: This section displays the amount of revenue from booked services.
- Invoiced: The amount of revenue from booked services that were added to the invoices.
- NET: This section displays the amount of revenue excluding tax.
- VAT: This section displays the tax amount itself.
- Gross: This section displays the amount of revenue including tax.
The Financial Report is an important feature of the HotelFriend PMS, which provides a detailed overview of all the services booked and billed. By understanding the information displayed in the report, businesses can make informed decisions and optimize their performance.
