Folios/Rates/Taxes
Discount Code/Rate Plans Overview
A discount code or rate plan is a specific identifier or category used in hotel or property management systems (PMS) to apply discounts or special pricing to reservations. These codes or plans can be created by the property itself or obtained from ...
States that collects Revenue Tax on Behalf of Hotels
In some States, online travel agencies (OTAs) like Expedia are required to collect and remit taxes directly to the State on behalf of hotels for reservations paid through the OTAs. Typically, hotels charge OTAs the amount paid by guests online minus ...
Difference between a Folio and an Invoice in Visual Matrix
A Folio is the details of the guest's stay, room charges, extras, and payments. A folio is part of the Guest Ledger Balance and can be accessed from the Front Office section. An Invoice can be made of one folio or multiple. It does not carry the ...
Mapping Discount Codes Request
If you use Cloud PMS, you have the option to map the discount code on your own. However, if you'd rather reach out to our Client Experience team for assistance, please ensure that you provide answers to the following questions: What is the Rate Code? ...
Calculate a Rate before Tax
The easiest way to calculate a rate/price before tax is to use an online sales calculator like this one: https://www.omnicalculator.com/finance/sales-tax