REZNEWS Tip of the Month
Of the 100+ reports that come preinstalled with RezStream Professional, five particular reports can equip you with critical business information. RezNews recommends incorporating these reports into your business practices. A short summary of each report follows.
Revenue by Unit Comparison Report
This report allows you to compare previous year’s unit revenue with unit revenue from the current year. If you’ve ever wondered how your past, or future, six month’s revenue compares to the same six month period last year, the Revenue by Unit Comparison report is your answer. You can compare the past, current, and even future revenue with this handy report. Click on the Reports icon on the main left-hand toolbar of RezStream Professional. From the Financial Reports screen, click on Accounting > Revenue by Unit > Comparison.
When you click the Print button on the lower right-hand side of the page, the Report Dates screen appears. Here, start and end dates are entered for the two time periods you wish to compare.
Cancellation Report
This report includes valuable data on all cancelled reservations. Click on the Reports icon on the main left-hand toolbar of RezStream Professional. From the Financial Reports screen, click Accounting > Revenue by Unit > Single Unit > Cancellation. Again, clicking the Print button on the right side of the screen allows the user to set a date range for report details.
Daily Audit Report
This handy report combines useful data such as unit occupancy, guest counts, revenue, average daily rates, revenue, and tax information all on one report. The Daily Audit report can display information for any desired date range. Access this report by clicking Reports > Accounting > Summaries > Daily Audit.
Origin Tracking Report
Many reports track reservation referral sources. The Origin Tracking report provides a simple way to see where the highest percentages of reservations come from. This information is most beneficial when creating targeted marketing campaigns. Access this report by clicking Reports > Accounting > Tracking > Origin.
Log of Activity Report
This report contains invaluable information as it tracks which employee created, modified, or deleted a reservation. The Help File within RezStream Professional contains a list of what each code means within the report. If there is a question about how a reservation was handled, this report pinpoints employee activity within the reservation. Access this report by Reports > Other Reports > Miscellaneous > Log of Activity.
For more information about RezStream Professional Reports, please view our online demonstration.
