Financial Report & Taxes
| SUMMARY |
The Reports and Forms screen can save your hours each month because it will calculate all your hotel taxes in an instant then print all your tax information on forms you can print, sign, and mail.
The TAX CALCULATIONS table displays gross income, taxable income, exempt income, and calculated tax payments for state, county, and other municipalities.The Tax Collected, Collection Allowance, and Tax Due are are calculated automatically using tax rates and collection allowance rates that you entered in the Edit > Property screen.
View the Forms Help section to learn how to print revenue and tax information directly on forms that you can print, sign and mail.
The second table displays booking and occupancy information for each property.
| SELECTING A DATE RANGE |
To display reservations for a specific date range, type the beginning date and ending date in the text boxes near the top of the screen or click the links near the top to quickly shift the date range.
-12mo | -6mo | -1mo | CurrentMonth | +1mo | +6mo | +12mo |
| TAX CALCULATION TABLE |
In an instant, display details and summaries of Gross Rentals, Exempt Rentals, Taxes Collected, and taxes due for the State, County, and City.
Hint: To display your tax obligations for last month, click the Current Month link then click the -1mo link.
+ Gross Rentals - the total of Exempt Rentals and Taxable Rentals
+ Exempt Rentals - the total of Rentals that are not subject to taxes.
+ Taxable Rentals - the total of rentals that are subject to taxes.
+ Tax Collected - the Gross Rental amount times the tax rate for the state, county, or city.
+ Collection Allowance - your tax office may allow you to keep part of the tax collected as a collection allowance.
+ Tax Due - the tax collected minus the collection allowance.
| RENTAL INCOME & OCCUPANCY REPORT |
The second table displays the following financial details and summaries
+ Collected with tax - this is the gross amount collected including all fees and taxes.
+ Bookings - this is the total number of bookings for the period selected
+ Average per booking - the average rental amount for rentals ending in the date range selected.
+ Nights Rented - total nights rented for the date range selected.
+ Occupancy - Occupancy shown as a percentage of total available nights for the date range selected.
+ Average Nightly Rate - average nightly rate for the date range selected
+ Average Stay in Nights - for reservations ending in the date range selected.
+ Receivables - total receivables, including tax, for the date range selected.