Depending on how your accounting department works, you can get two different sets of revenue reports in Clock PMS:
- Charges reports
- Closed folios reports
The charge reports work on the principle of day-by-day revenue recognition. For example: nights from 1st January are recognized as revenue for 1st January. Find more details in How does Clock PMS revenue system work?
Charges reports that follow this principle are:
- Charge Summary Report
- Charge Segmentation Report
- Occupancy and Charges Report
- Charge Control Report
Closed folios report
The closed folios reports can be used by companies that follow a document based revenue recognition principle. In this accounting model, the revenue is recognized when the invoice for the respective services is issued. For example: the revenue for 1st January is made up of the services invoiced on 1st January.
The reports following this principle are:
- Closed Folios Report
- Closed Folios Summary Report
- Tax Report