Glossaries
Lifecycle of an Advanced Deposit
This article will guide you through the entire cycle of an advance deposit, starting from posting the deposit, transferring it to the guest's folio upon check-in, and concluding with the cancellation and refund processes. It will also cover how these ...
**Accounting Codes Glossary - Visual Matrix PMS
An accounting code is a distinct marker or tag allocated to particular financial transactions, accounts, or groupings within the system. These markers serve the purpose of organizing and monitoring financial information associated with property ...
Definition of the Different Availability Statuses (Open, Close, Hard, Soft, MLOS, CTA)
There are 6 different statuses. Open Hard Soft MLOS Close CTA Open The field is empty if the status is open. Your inventory is open to all reservations. Hard Your inventory is closed for that date for all rooms or for the room types that were ...
**Glossary and Common Acronyms (Index) - Visual Matrix PMS
1-10 A B C D E F G H I K L M N O P R S T U V W X Y Z 1-10 1099 The 1099 form is used to report to the US government income earned by travel agents as commissions, and income earned by owners of hotel condo units after any deductions but before any ...