Setup Reports Comparisons (Desktop)
These options are to setup how comparisons and variances will show in every reports.
Path: Management > Setup > Property > Parameters > Section "Financial" (left side)
1. The Budget Comparison is used if a budget was entered in the revenue accounting codes setups or the marketing segments setup. The comparison has to be setup by date or by day:
- by date: compare with the same date of the previous year - 01/01/22 with 01/01/21.
- by day: compare with the same day of the previous year - Saturday 01/01/22 with Saturday 01/02/22, both first Saturday of January.
2. The Financial Comparison. By default, the comparison will be with the prior year. If budgets were entered in the accounting codes budget field, the comparison can be made with the budget numbers instead.
3. Suppress MTD/YTD. If Yes is chosen, it will not hide the columns themselves in the reports, however, those will not display any number.
4. The Variance Format: to choose if the variance will display by percentage or by amount.
5. The Forecast Comparison applies to the "Rooms LY" column in the forecast reports:
- Occupancy Snapshot is the occupancy forecast as of the day you’re comparing to. Each night, the current day's forecast is saved as a snapshot. When comparing next year to this year's snapshot, the comparison reflects the original forecast for tonight, rather than the actual numbers that transpired.
- Prior Year is what actually occured.
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