Creating a budget or forecast

  1. Select Menu > Budget & Forecast. The Budget & Forecast screen is displayed.
  2. Select the +Create New icon. The Create New screen is displayed.
  3. Specify this information:
    Name
    The unique name for the budget or forecast.
    Description
    The short description for the budget or forecast .
  4. Specify this information in the Input Preferences section on the Create New screen:
    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
    Note: The Apply Dimension To field is displayed only when you specify a value in this field.
    Taxes and Fees
    Indicates if the taxes and fees are included or excluded from the budget.
    Apply Dimension To
    The dimension for which the budget is used.
  5. Click the Create Budget option. The Budget Details screen is displayed.
    Note: Select Reset Changes option to undo the changes you have made.