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An owner charge is typically an amount that the owner needs to pay. By default, you will collect this payment, but it can also be split with a vendor. An expense is a payment that you make to a vendor. This can be split between you and the owner.
A recurring owner charge or expense can only be added through a business model. You can add recurring owner charges or expenses when creating a new business model or updating an existing one.
Recurring charges or expenses can be associated with specific reservations (e.g. per guest, per stay, per night) or made periodically (per month, per quarter).
Note:
Adding a one-time owner charge or expense is done by creating a transaction.
To apply a recurring owner charge or expense to reservations made via the Guesty Booking Engine, select both Booking Engine and website sources in the "Manual Reservations" field in the "Conditions" section. If you see multiple instances of "website" and "Booking Engine", select all of them.
Click Update and reprocess to apply the changes to reservations from with the listings associated with the business model.
What happens when a reservation is canceled?
When a reservation is canceled, reservation-related charges or expenses are canceled automatically. Reservation related charges include net rental income, PMC commission, additional Fees, and taxes.
Payment-related and recurring charges/expenses will still remain in the reservation after it is canceled.
If you would like the recurring owner charges or expenses to be removed, this needs to be done manually by reversing the transaction in the Posting Journal.
[PILOT] Recurring charges or expenses that are associated to the specific reservation (e.g. charged per guest, per stay, per night) will be automatically reversed when the reservation is canceled.
Recurring charges or expenses that are periodic (e.g. monthly, quarterly), will not be reversed.