![]() Rate Matrix pricing rules - automated real-time dynamic rate rules based on complex rate plans and occupancy levels. We continuously receive positive feedback from tax audits and auditors. Including Online Travel Company Tax (OTC), the additional taxes are to be reported and remitted by lodging operators to the state and local governments. Taxes are automated so your front-desk never has to manually calculate or stop taxes during a room transaction.īased on length of stay, type of transaction,Īnd tax type, taxes will automatically calculate, start, and stop based on the tax account settings. Tax management - Tax management is posting of city, state, local, or exempted taxes and they are completely handled by Gearco. Based on your rules and DNR requirements, folio history maybe used to collect lost revenue from previous stays. Multiple stays are tracked by the same customer profile without issuing member IDs. Multiple stay folio history - upon departure, folio history is retained for an agreed upon time-frame. Unlimited folio history - no set limit to amount of folio history for a guest's stay.Ĭurrently, Gearco's longest active folio is more than 17 + years for a single stay with complete history.Īlso, history and tracking is retained on each associated secondary guest. This allows your properties to operate based on the same set of policies and procedures regardless of the accounting method. You can simply run reports to access accounting postings or use the configured chart of accounts to export or integrate daily GL entries.Įnterprise class companies may use a shared master chart of accounts with support for individual property account overrides. Use Cash basis if you require total rent to be prepaid and posted immediately upon a check in or renewal.Īccounting methodologies - Gearco supports both accrual and cash based revenue accounting. Use Accrual basis if you require the daily portion of room rent to be posted nightly and/or is due upon check out. Accrual or Cash basis methods - Support for both Accrual or Cash basis accounting.
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