Adding annual valuation periods to a room type

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 cap the annual valuation amount. If the valuation amount is higher than the room charge, they don't post the full charge tax-free but apply a minimum amount that needs to be taxed. This minimum amount is defined in the Room Fee Amount field. Annual valuation periods can be set on the room type and/or the room. If there are values on both, the annual valuation on the room is used.

To a valuation period to a room type:

  1. Administration > Property > Rooms > Room Types.
  2. Select the room type for which to add an annual valuation period.
  3. Click the Annual Valuation tab.
  4. In the Valuation Details, specify the information that you require.
  5. Click Submit.