GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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22:24 Jul 29, 2016 |
English to Polish translations [PRO] Bus/Financial - Law: Taxation & Customs / hotel transactions codes | |||||||
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| Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 00:06 | ||||||
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3 +1 | korekta przychodów |
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korekta przychodów Explanation: The customer gets a rebate (rabat, zniżka), but the hotel makes a revenue adjustment. ccccccc The Purpose of This Policy Revenue allowances are adjustments made to revenue. Examples of revenue allowances include adjustments to a guest’s account for services not received or for unsatisfactory services. The purpose of this policy is to describe how we adjust revenue for various situations. Making allowances to revenue (rather than reporting those adjustments as expenses) is the generally accepted best practice in the lodging industry because doing so allows us to not pay taxes and franchise fees on “revenues” not received. Revenue Allowances C. Procedure for Posting Revenue Allowances We adjust revenue when a customer has not received the goods or services for which the revenue was posted and (in compliance with our approval procedures) when a customer is not satisfied with those goods or services. Post adjustments to the “allowance” account(s) for one or more of the appropriate categories: Room revenue allowance Food revenue allowance Beverage revenue allowance Telephone revenue allowance Other revenue allowanc http://slideplayer.com/slide/9393484/ |
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