Hello Softinn Property Operator user!
You are managing multiple properties for yourself or for others. I am sure you would like to know how much do you need to pay to each property owner under your management. I am also sure that both you and your property owner would like to know how much profit each of you make.
On Softinn PMS, you can generate Payout Report for the Property Group under your management. You can generate multiple reports at the same time. The report is accessible by you and your property owner.
In this video I demonstrate you with an example.
Say you’ve setup a service contract with one of your property owner (Vortex Sky Suite) under the agreement of Guaranteed Return RM600/month and if revenue more than RM800 both of you will share the excess revenue by 50%:50%.
After a month, it is now time to report the payout to Owner. Let’s generate a payout report for one reservation you’ve added during March for this property.
Check out the video & guidelines below to find out how to generate payout report on Softinn PMS:
Follow the guidelines below:
Add a Reservation & Generate Payout Report to Property Owner
Step 1 : Login to Softinn PMS: pms.mysoftinn.com
Step 2 : Click on your property name to select the property group name.
Step 3 : Click “Property Group”.
Step 4 : Add a Reservation from the Reservation Page. Proceed to Add Payment and Check-Out the Guest
Step 5 : Click “Property Group”.
Step 6 : Click “All Payouts”. You’ll get to Payout Reports page.
Step 7 : Click “Generate Payout”
Step 8 : Select your Service Contract of the property (Eg.Guaranteed Return RM600 Plan)
Step 9 : Select the property (Eg. Vortex Sky Suite)
Step 10 : Choose Payout Period (Eg. March 2020)
Step 11 : Click “Generate Payout”. The Payout Report is now created.
Step 12 : Click “Printer” icon button to View or Print the report.
The Payout Report shows the Total Payout Amount to Owner, the Service Contract details, Payout Period, Total Revenue, Expenses and Income breakdowns between you and Owner.
Step 13 : Click “Generate Payout” again to get other Payout Reports.
Step 14 : You may select multiple Properties to generate multiple Payout Report for different Property Owners at one go. (Eg. Vortex ABB, Vortex Sky Suite)
Step 15 : Click “Generate payout”. You will see 2 Payout Reports are created for the 2 different Properties
With this payout report, reporting becomes transparent and easier now 🙂
**NOTE: Follow this guide to learn how to setup service contract on Softinn PMS for the property you manage.
**NOTE: Use this guide to link product & services of the property your manage to your service contract.