This program follows the same flow as the financial budgets, but there are more choices. The FO budgets can be based on:
- An overall budget
- A budget by accommodation
- A budget by market segment
- The budget is by the amount as well as room nights
- A combination of market segment & accommodation is NOT possible
This budget is used in the Daily Revenue Report.
To Add
- Click the "add new record". A new box will populate.
- Select the Budget year from the drop-down box. You can select from a range of 5 years of budgets. You can select 2 years backward, the current year, and 2 future years.
- Enter the amount for the total budget for the year in the field “Annual Amount”. A budget is a number without decimals.
- Enter the Annual nights.
- If the budget is by accommodation select the accommodation from the drop-down box “Accommodation”.
- If the budget is by market segment select the market segment from the drop-down box “market Segment”.
- Or Select both Accommodation & Market segment
- The budget calculation in the different boxes follows the same method as for the financial budgets. Click Linear for a monthly budget that is the same every month, click amount to adjust the amounts per month, and click percentage if you work based on percentages. This applies to the amount as well as the nights.
- The column average will show the ARR and cannot be changed, it is purely a display field that changes when you change the data in the columns for the nights or amounts.
- You can play with the radio buttons but take into consideration that when you are ready, the total amount must tally with the annual budget. If you play with the radio buttons and the percentages etc, it might be that the total of the percentage will not be equal to 100%, however, that is not a criterion for saving the data. The total amount must tally with the annual budget amount and the total nights should tally with annual nights.
- When you are done click the button “Submit” and E-Hors will save the data in the database