Adding annual valuation periods to a room

Annual valuation is the amount of a lease that is free of taxation. The amount is determined by government and is set by period. Some properties cover the annual valuation amount for a location specific property.

To set valuation period to a room:

  1. Select Administration > Property > Rooms > Rooms Configuration.
  2. Select the room to add an annual valuation period.
  3. Click the Annual Valuation tab.
  4. Click Add.
  5. Specify this information in the Valuation Details section:
    Start Date
    The date on which the annual valuation process is initiated for the room.
    End Date
    The date on which the annual valuation process is concluded for the room.
    Note: 
    • The Start Date must be same as or later than the Hotel Date.
    • The End Date must be prior to the Hotel Date.
    Annual Valuation
    The annual valuation amount expressed in the local currency.
    Note: If the valuation amount is higher than the room charge, the entire amount posted is not taxable, only on a minimum amount is taxable. This minimum amount is defined in the Room Fee Amount field. Annual valuation periods can be specified for the room type and the room. However, the value specified for the room is considered.
  6. Click Submit.