Budget Groups are second in the Financial Hierarchy. Budget groups allow for further consolidation of revenues. Budget Groups can be linked to six revenue consolidation groups that in turn make up the revenue summary totals on the daily Management Summary Report. Many hotels use this report to see their daily, month to date and annual totals. The six revenue consolidation groups can be configured per property in the Settings > Option > Statistics menu. They are identified as types A,B,C,D,E & F. See also Option Statistics. It is possible to have multiple budget groups linked to the same revenue group.
Budget groups can be accessed through the main menu Settings > Financial > Budgetgroup
Open a budget group by double clicking on it, or by selecting it and pushing the OK button.
To add a new Budget Group, select the add/new icon
Budget group - Enter the budget group code. You have 8 characters alphanumerical.
Description - Enter the description.
Metagroup - Choose the applicable meta group. Most Hotels will only have one Meta Group. See Meta Group for more information.
Revenue Code - Select the revenue code for this budget group. The Revenue Code picklist is created in Settings > Option > Statistics. See Option Statistics.
Note: Multiple Budget Groups can be linked to the same Revenue Consolidation code/type.