In the business model, you choose the PMC commission recognition date, such as the check-in or check-out date. This date applies to the owner's VAT (if you charge VAT on the commission) and net rental income (as the commission is calculated on net rental income).
If you use cash basis accounting and your guest pays a portion of the reservation, we will verify, on the PMC commission recognition date, if this payment is sufficient to cover the 3 transactions:
- NRI
- PMC Commission
- Owner's VAT
If the partial payment is greater than the sum of these transactions, we will recognize it.
Example:
The total reservation amount is $2,000.
The guest pays $1,500 at check-in.
Since the PMC commission is recognized at check-in, we sum the 3 transactions made at check-in:
- NRI: $1,600
- PMC Commission: -$100
- Owner's VAT: -$50
The sum is less than what the guest paid (1,600-100-50=1,450), so we recognize the guest's partial payment.
Note:
All other transactions, such as additional fees or taxes not included in the NRI calculation, will only be recognized upon full payment of the reservation.