Creating a budget or forecast

Follow these steps to create a budget:

  1. Select Menu > Budget & Forecast. The Budget & Forecast screen is displayed.
  2. Select the +Create New icon. The Create New window is displayed.
  3. Specify this information in the Basics section::
    Type
    The type of record. Possible values:
    • Budget
    • Forecast
    Name
    The unique name for the budget or forecast.
    Description
    The short description for the budget or forecast .
  4. Click Next.
    Note: The Next option is enabled only when the required information is specified in the Basics section.
  5. Specify this information in the Preferences section.
    Time Granularity
    The time interval at which the budget or forecast is specified. Possible values:
    • Monthly
    • Daily
    • Financial Period
    • Financial Period Daily
    Note: The Financial Period and Financial Period Daily options are available only if you configure the financial periods on the Financial Period screen. If a hotel is associated with an enterprise, the financial periods associated with the enterprise are automatically configured for the hotel.
    Rooms Metric
    The room metric that is used in the budget or forecast. Possible values:
    • Room Nights
    • Occupancy %
    Revenue Metric
    The revenue metric that is used in the budget or forecast. Possible values:
    • Room Revenue
    • Room ADR
    • Total Revenue
    • Total ADR
    Note: The Currency and Taxes and Fees fields are displayed only when you specify a value in this field.
    Dimension
    The dimension that is used in the budget or forecast. Possible values:
    • Market Segment
    • Rate Category
    • Macro Segment
    • Rate Class
    Note: When a Dimension is selected, the dimension is applied to all the selected metrics.
    Taxes and Fees
    Indicates if the taxes and fees are included or excluded from the budget.
  6. Click Save. The Budget Details screen is displayed.