Enter budgets for different periods and segments in RevControl and compare your performance with your goals. Track your progress visually through the Budget widget on the dashboard.
What is the Budget feature?
The Budget feature in RevControl allows you to enter and manage budgets to monitor your current performance against your goals. These budgets can be set monthly, and the system automatically calculates the daily budget by dividing the monthly budget by the number of days in the month.
How do I enter a budget?
To enter a budget in RevControl, navigate to Settings > Business rules > Budget.
You can enter a budget for each calendar month for the number of rooms, beds, accommodations, tents, or units sold (“RN”) and the average daily rate (“ADR”). RevControl will then automatically calculate the total room revenue (“Rev”). Note: these values must be entered per segment. If you do not wish to use segmentation, you can set the total budget on the first segment.
F&B (Food & Beverage) revenue and Other revenue can be budgeted at the “total level,” so not per segment.
RevControl calculates the daily budget by dividing the monthly budget by the number of days in the month. If you prefer to set a daily budget instead of a monthly budget, contact our Customer Success team via email or chat, and we can help you set this up.
Tip:
To get an even more accurate picture, regularly update and adjust the budget data based on the performance and trends you observe throughout the year. This way, you can proactively respond to changing market conditions and adjust your budget as needed.
The Budget widget on the Dashboard:
On your dashboard, you’ll find the Budget widget, which visually shows whether you are meeting your budget. The widget provides a comparative overview of your budget (blue), Business on the Books (light blue), and last year’s performance (purple). This makes it easy to see at a glance how your current performance compares to both your budget and last year’s results.
