How to handle accounting category changes in Mews Operations

Accounting categories let you map and track your property’s product inventory and revenue. You can edit your accounting categories when your chart of accounts changes or you need to update how you classify your revenue. If you edit your accounting categories, it is important that you follow the suggestions below to ensure legal compliance and accurate financial reporting. To edit your accounting categories, you need to first create a new accounting category. To do so, in Mews Operations, go to the main menu > Settings > Property > Finance > Accounting categories > +.

 

When editing your accounting categories in Mews Operations, it is important to know that:

• You can only edit your accounting categories on the day you want the new categories to apply. If you want the changes to apply on January 1st 2026, you can only edit your accounting categories on January 1st 2026.
• To update accounting categories, you need to first create a new accounting category and then assign it to relevant products, rates, space categories, bookable services, additional services and additional expenses.
• Once set up is complete, Mews creates all new order items with the new accounting category. Mews also updates the existing order items which are not consumed or closed on the bill or invoice with that category. Note: This can take a few hours or more, timeline depends on your property size and volume of requests.

This ensures you handle your accounting category changes correctly.