Setup a Complementary Accounting Code (Desktop)
The Comp Accounting Code will be assigned to the Comp discount code to separate any complementary discount amounts from every other rate discounts.
Path: Management > Accounting Settings > Setup Code
1. Click Add New.
2. Enter "COMP" as the Accounting Code.
3. Choose Guest as the Ledger type.
4. Select CR as the code is a Credit applied to the room rate.
5. Enter a description for the code.
6. Select "No" for "Override Description".
7. Select "Revenue" as the posting category from the dropdown.
8. Select the sub-category "Room" as the Posting Sub-Category.
9. Leave the "Fixed Amount" field empty.
10. Select "Revenue" as the type of taxation.
11. If applicable and used, enter a budget percentage. This percentage will be compared to budgetary numbers. It will also allow you to take last year's figures and offset them by this budgetary percentage to reflect on a report as a comparative number.
12. Select if the code can be voided.
13. Select if this code is to be used only by someone with Supervisor credentials or anyone.
14. Select "Yes" to Activate the code.
15. Keep "No" for "Prompt for Quantity".
16. If you are using General Ledger Accounts, you will choose which GL account this item will report to.
17. Although this code is a Credit, the "Operator Cash Out Report" field has to stay blank.
18. Select "GL Room Rev" as the Daily Detail Report.
19. Click Save.
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