Settlement method

Choosing a settlement method is needed when creating a new commission agreement. There are four choices:

1. Departure

Rental income from reservations is settled according to departure date.
If a settlement covers 1 to 30 September, all income from reservations with a departure date in September will be included.

2. Arrival

Rental income from reservations is settled according to arrival date.
If a settlement covers 1 to 30 September, all income from reservations with an arrival date in September will be included.

• Additional option to set the reference date to X days before arrival, if you want to include revenue paid before the actual stay, but after you’re sure the guest has paid and refunds due to cancellation are no longer possible.

  Any last-minute reservations that are booked and paid after the reference date of X days before arrival will have to be settled manually by recalculating the settlement.

3. Overlapping

Rental income from reservations is settled proportionally across all reservation days.
If a settlement covers 1 to 30 September, only the income from the September dates of a reservation will be included in the settlement.

• Example: Reservation stay dates are 29 August to 3 September. The rental income is split according to this formula: Reservation rent / length of stay = rent per day. 3 x rent per day is included in the September settlement, and 3 x rent per day is included in the August settlement.

4. Confirmation

Rental income from reservations is settled according to confirmation date.
If a settlement covers 1 to 30 September, all income from reservations with a confirmation date in September will be included.