Setup the Number of Accounting Periods (Cloud)
This setting cannot be updated by the property. If your property has a different financial reporting cycle, please contact our Client Experience team. An accounting period is any time frame used for financial reporting. Transactions that fall within a given date range form part of the statements or reports for that accounting period. An accounting period, or reporting period, is of 12 months by default.
Path: Management > Property Settings > Parameters > Section "Financial" (left side)
Related Articles
Setup Accounting Periods (Cloud)
In bookkeeping, an accounting period is the timeframe used for the preparation of management accounts and financial statements. In management accounting, the accounting period can vary significantly and is decided by the management. The standard ...
Setup a New Accounting Code (Cloud) 🎥
? Watch Video #1 | Watch Video #2 An accounting code is a unique identifier assigned to financial transactions or categories within the system. It helps organize and track financial information related to property management, tailored to the ...
Setup Reports Comparisons (Cloud)
These options are to setup how comparisons and variances will show in every reports. Path: Management > Property Settings > Parameters > Section "Financial" (left side) 1. The Budget Comparison is used if a budget was entered in the revenue ...
Apply a non calendar Accounting Year in Visual Matrix
Should you operate on a non-calendar accounting year and require adjustments to your accounting periods, please reach out to our Client Experience Team at least a couple of days before the intended change. A form must be filled out and signed to ...
Setup Reservation Cancellation Policy (Cloud)
The Cancellation policy is the number of days under which a reservation is open to cancellation. If a reservation is cancelled below that number of days, a message will show. It is different than the guarantee/cancellation policy that will show on ...