Overview: Inclusive pricing for administrators
If your property includes taxes and fees in the prices given to customers, the inclusive pricing feature can be used. With this feature, price calculations are done automatically.
You need to enable the enhanced taxes feature, available with version R21 and higher, to use the inclusive pricing feature in your org.
You can enter inclusive prices for everything your property offers for events. If needed, users can modify these prices for a particular event. The exclusive price is adjusted based on the new inclusive price you enter. Likewise, if users modify the exclusive price, the inclusive price is recalculated.
When you merge a banquet check or booking check, the charges are automatically calculated using the inclusive prices along with the applicable tax group. If you want to display both the inclusive and exclusive prices on your merge documents, you can add those fields. Those fields are automatically available in the Merge Tool after you install the R21 package and run Custom Settings.
All reports use exclusive prices to calculate revenue values.
If your property uses a flat rate occupancy tax, this amount is not included in inclusive pricing. However the occupancy tax does show on a separate line in merged documents.
To use inclusive pricing in your org, you first need to do the following:
- Enable inclusive pricing for the org.
- Set inclusive pricing as the property default.
- Indicate which taxes are included in the inclusive price.
- Include gratuity and admin charges in the inclusive price, if needed.
- Enter inclusive prices in Setup.
If you work in a multi-module org, inclusive pricing applies to all properties when enabled. Learn more