Overview: Inclusive pricing for administrators
If you traditionally sell food and beverage, guestrooms, function space, and other income inclusive of taxes, the inclusive pricing feature makes it simple for you to provide estimates and quote rates on-the-fly. No calculator needed.
To take advantage of the inclusive pricing feature, you must be using R21 or higher. Enhanced taxes must also be enabled for your org.
Administrators enter inclusive prices in the following areas: Menus and items, menu revenue breakdowns, menu items, choice group items, function room rental, other income, and packages. If needed, users can modify these prices in the application. The exclusive price will be adjusted accordingly based on the new inclusive price that is entered. Likewise, if users modify the exclusive price, we will re-calculate and display a new inclusive price for that event.
When you merge a banquet check or booking check, we will automatically calculate the charges using the inclusive prices that have been entered along with the applicable tax group. If you’d like to display both the inclusive and exclusive price for menus, items, function room rental, guestroom rates, other income, and packages, you can add inclusive fields to your merge templates. 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.
To begin using 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
- (Optional) Include gratuity and admin charges in the inclusive price
- Enter inclusive prices in Setup
If you work in a multi-module org, enabling inclusive pricing will apply to all properties regardless of module. Learn more