Set up accounting categories to track your revenue.
If you don't use an external accounting software
If you don't use external accounting software, you don't need to set up any codes with your accounting category.
Go to Main menu > Settings > Property.
Click Accounting categories.
Enter the name of the accounting category.
Under Code, you can enter a code for internal tracking in Mews Operations.
If you use an external accounting software
If you have external accounting software, you can set up the additional code fields.
Note: We recommend you consult your accounting team before filling in these fields.
External code: To share accounting data in Mews Operations with your external accounting software (and vice versa).
Cost center code: To connect the accounting category to a cost center.
Ledger account code and the Posting Account code: For double-entry bookkeeping to keep track of your debits and credits.
Note: You must assign all accounting categories a Ledger Account Code. Mews and the accounting integration cannot exchange information without this. Consult your accountant to fill this correctly.
You need to create all your accounting categories before you connect to an accounting integration.
Recommended accounting categories
The International Financial Reporting Standards (IFRS) recommends the following accounting categories for tourism, hospitality, and leisure revenue reporting:
Classification Accounting categories
Accommodation Room revenue
Food and Beverage Breakfast
Payments Paid out
Sundry income Laundry Parking
Taxes City tax
Click below to learn how to connect to your accounting integration.