Consolidated Operating Income

Consolidated Operating Income

The Consolidated Operating Income report is a management report that provides consolidated sales (production) information for a specific day (usually "yesterday") and month-to-date and year-to-date cumulative data compared to the previous day.
The information shown in this report is generated after the audit is completed. All values in the consolidated operating income report have the following characteristics:
They are in local currency (national currency).
The values are net of taxes (without tax), the taxes are shown in the summaries at the foot of the page.
The total income shown are the charges made to the guests' accounts.
All forms of payments include event deposits, reservations, account credits and account collections.
To generate the consolidated revenue report, perform the following steps:
Go to: Administration (Back Office) → Consolidated Operating Income.
Select the information from the following fields to issue the report:
Field
Description
Date
Enter the date manually or from the calendar.
Source
Indicate the source of the information to be displayed:
        Hotel: hotel revenues only.
        Point of Sale: only revenues from the point of sale.
        Hotel + Point of Sale: Revenue from both.
Accumulated POS Catalog
Enter the type of accumulation for the Points of Sales section (Revenues, Costs or both).
Report Format 
Indicate whether the report will be issued in normal format (PDF) or for export (Excel).
Press the Show button.

Report Contents

The following is a brief summary of what each section of Novohit's consolidated income statement provides:

Section One: Revenues

Shows revenues from services rendered by the operation such as lodging, food and beverage, events, services, ecommerce, retail, etc.
Novohit will build the information using the system parameter settings (established at the time of the initial setup), and the data captured at the time of each transaction. For example: depending on the initial system parameterization, courtesies may or may not add up to revenue.
Each source of income is presented on a separate sheet. When issuing the report, the source of the information is chosen, it can be:
Hotel: amount of room charges.
Point of Sale: amounts of the sales of each point of sale.
Hotel + Point of Sale: amounts of charges to rooms and amounts of sales for each point of sale.
In the Total column, Y (Yes) or N (No) is shown on the right side of the concepts to determine if they are part of the Total Revenue, the concepts that do not add up are the room charges of the different points of sale so that they are not duplicated since these amounts are considered in the revenue of the corresponding points of sale.




Second Section: Collections


These are the receivable amounts for the forms of payment that include event advances, reservations, account credits and account collections.
When the Hotel + Point of Sale report is issued, it accumulates the amount on a single sheet. This section presents two totals:
Total, Payment Method includes all forms of payment used to pay off account balances.
Total, Cash Income: Excludes the room payment method, which is not considered for the cash income total since it is a room charge which will be settled from Front's cash register by the guest.

Third Section: Statistics

Displays information about rooms, guests and rates. Novohit will build the information using the system parameter of the Statistics data settings, and the data captured at the time of Reservations and Check-in.