Modify budget or forecast details

You can specify the budget or forecast by using Edit option on the Budget & Forecast screen.

A table is displayed wherein you can modify the budget or forecast. The information displayed in the table is based on the values specified on the Create New screen. See, Creating a budget or forecast.

This information is displayed:
Time Interval
The time interval for which the budget or forecast is specified. Possible values:
  • Date
  • Month
  • Financial Period
  • Financial Period Daily
Note: The time interval is based on the value specified in the Time Granularity field for the budget or forecast.
Day of Week
The day of week that is displayed for each day.
Note: This information is displayed only when the value in the Time Granularity field is set to Daily or Financial Period Daily for the budget.
Dimension
The dimension for which the budget or forecast is specified. Possible values:
  • Market Segment
  • Rate Category
  • Macro Segment
Note: This information is displayed only when the value in the Dimension field is specified for the budget or forecast.
Room Metric
The room metric for which the budget or forecast is specified. Possible values:
  • Room Nights
  • Occupancy %
Revenue Metric
The revenue metric for which the budget or forecast is specified. Possible values:
  • Room Revenue
  • Room ADR
  • Total Revenue
  • Total ADR
Note: This information is displayed only when the value in the Revenue Metric field is specified for the budget or forecast.

If the dimension is specified or the value in the Time Granularity field is set to Daily or Financial Period Daily, a vertical list of months or financial periods is displayed. You can use this list to sort the table by month or by financial period.

You can generate a template of the existing budget or forecast by using the b option. See, Generating a template for budget or forecast. You can also import an existing budget or forecast template by using the Import Template option.

You can use the Autofill option to set the budget or forecast that is recommended by the RMS application. See, Specifying the budget or forecast data using the Autofill option.

On this screen, you can:
  • Modify the name or description of the budget or forecast by clicking the edit icon corresponding to the name or description.
  • View or modify the status of the current budget or forecast, using the Status option. Possible values:
    • Draft
    • Ready for Review
    • Accepted
  • View the past modified changes, using the History option. The Status field must be set to Published.
  • Reset the budget or forecast, using the Reprocess option.
  • Save the budget or forecast, using the Save option.
  • Copy the budget or forecast details, using the Save As option.

You can click the Publish option to publish the budget or forecast details. The publication date is displayed after the publishing process is completed.

Note: 
  • You can also specify the budget or forecast details for the next two years.
  • If errors exist in the budget or forecast, the errors are displayed in the Error window.