1. User Guide
  2. Administration
  3. Financial Administration
  4. Prerequisites for Financial Administration

Prerequisites for Financial Administration

This chapter of the OPERA Cloud User Guide lists the prerequisites for Financial Administration menu.

Parent topic: Financial Administration

Prerequisites for Accounts Receivable Configuration

OPERA Controls

Group: Accounts Receivables

Functions: Accounts Receivables

OPERA Cloud Tasks

Account Receivables

  • Restricted Reasons

    • New/Edit Restricted Reasons

    • Delete Restricted Reasons

  • Account Types

    • New/Edit Account Types

    • Delete Account Types

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for AR Restricted Reasons Configuration

OPERA Controls

Group: Profiles

Parameters: Restriction / Flagged Reasons

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Budget Forecast Entry

OPERA Controls

Group: Cashiering

Functions:

  • Budget Forecast

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Budget Forecast

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Auto Folio Settlement Rules

OPERA Controls

Group: Cashiering

Functions: Auto Settlement Rules

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Folio Copy Legend

OPERA Controls

Group: Cashiering

Settings: Folio Copy Legend

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Cashiering Management

  • Folio Copy Legend

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Folio Arrangement Codes

OPERA Controls

Group: Cashiering

Parameters: Folio Arrangements

OPERA Cloud Tasks

Group: Financial Admin

Parameters: Cashiering Management

Folio Grouping Codes

  • New/Edit Folio Grouping Codes

  • Delete Folio Grouping Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Group Arrangement Codes

OPERA Cloud Tasks

Group: Financial Admin

Parameters: Cashiering Management

Folio Grouping Codes

  • New/Edit Folio Grouping Codes

  • Delete Folio Grouping Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Custom Numbers

OPERA Controls

Group: Cashiering

Parameters: Custom Numbers

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Cashiering Management

Custom Numbers

  • New/Edit Custom Numbers

  • Delete Custom Numbers

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Custom Charges Exemption

OPERA Controls

Group: Cashiering

Parameters: Custom Charges

OPERA Cloud Tasks

Group: Financial Admin

Cashiering Management

  • Custom Charge Exemptions

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Custom Charges

OPERA Controls

Group: Cashiering

Parameters: Custom Charges

OPERA Cloud Tasks

Group: Financial Admin

Cashiering Management

  • New/Edit Custom Charge Config

  • Delete Custom Charge Config

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Daily Plans

OPERA Controls

Group: Cashiering

Parameters: Daily Plans

OPERA Cloud Tasks

Financial Admin

Cashiering Management

  • Folio Grouping Codes

    • New/Edit Folio Grouping Codes

    • Delete Folio Grouping Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Expense Arrangement Codes

OPERA Controls

Group: Cashiering

Parameters: Prompt for Expense Folio Upon Check Out

OPERA Cloud Tasks

Group: Financial Admin

Parameters: Cashiering Management

Folio Grouping Codes

  • New/Edit Folio Grouping Codes

  • Delete Folio Grouping Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Package Arrangements

OPERA Controls

Group: Cashiering

Functions: Folio Arrangements

OPERA Cloud Tasks

Financial Admin

Cashiering Management

  • Folio Grouping Codes

    • New/Edit Folio Grouping Codes

    • Delete Folio Grouping Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Fiscal Period Reporting

OPERA Controls

Group: Cashiering

Functions: Period Definition (optional)

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Cashiering Management

Period Definition

  • New/Edit Period Definition

  • Delete Period Definition

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Foreign Currency Codes

OPERA Controls

Group: Cashiering

Functions: Foreign Currency Codes

Parameters: 

  • Sell Currency

  • Foreign Currency Limits

OPERA Cloud Tasks

Foreign Currency Codes

  • New/Edit Foreign Currency Codes

  • Delete Foreign Currency Codes

  • Edit Foreign Currency Limits

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Foreign Currency Limits

OPERA Controls

Group: Cashiering

Functions: Foreign Currency Codes

Parameters: 

  • Sell Currency

  • Foreign Currency Limits

OPERA Cloud Tasks

Cashiering Management

  • Foreign Currency Codes

  • Edit Foreign Currency Limits

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Setting Up No Show Posting Rules

OPERA Controls

Group: Cashiering

Functions: No Show and Cancellation Postings

Parameters: Post Revenue To No Shows (No show Posting Rules)

Settings: No Show Posting Transaction Code

OPERA Cloud Tasks

Group: Cashiering

Tasks: Cashiering Management

No Show Posting Rules

  • New/Edit No Show Posting Rules

  • Delete No Show Posting Rules

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Shift Drop Locations and Bag Numbers

OPERA Controls

Group: Cashiering

Parameters: Shift Drop Location and Bag Numbers

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Tax Types

OPERA Controls

Group: Cashiering

Settings:

  • Tax Type Calculation

  • Default Tax Type

OPERA Cloud Tasks

Cashiering Management
  • Tax Types

    • New/Edit Tax Types

    • Delete Tax Types

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Currency Exchange Service Taxes

OPERA Controls

Group: Cashiering

Functions: Foreign Currency Codes

  • Exchange Service Tax

  • Currency Exchange Taxable Transaction Code

  • Service Tax based on Transaction Code Generates (optional)

  • Currency Exchange Taxable Offset Transaction Code (optional)

OPERA Cloud Tasks

Group: Cashiering Management

Tasks: Exchange Service Tax

  • New/Edit Exchange Service Tax

  • Delete Exchange Service Tax

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisite for Commissions

OPERA Controls

Group: Commission

Function: Commission Handling

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Commissions Management

  • Bank Accounts

    • New/Edit Bank Accounts

    • Delete Bank Accounts

  • Stop Processing Reasons

    • New/Edit Stop Processing Reasons

    • Delete Stop Processing Reasons

  • Commission Codes

    • New/Edit Commission Codes

    • Delete Commission Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Stop Processing Reason Codes

OPERA Controls

Group : Commissions

Parameters : Stop Processing Reason Codes

OPERA Cloud Tasks

Group: Finance Administration

Tasks: Commissions Management

Stop Processing Reasons:

  • New/Edit Stop Processing Reasons

  • Delete Stop Processing Reasons

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Comp Accounting

Licenses / Subscriptions

Oracle Hospitality OPERA Cloud Service Casino and Gaming Management

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Comp Redemption Codes

OPERA Controls

Group: Comp Accounting

Parameters: Comp Redemption

OPERA Cloud Tasks

Group : Financial Admin

Comp Accounting: Comp Redemption Codes

  • New/Edit Comp Redemption Codes

  • Delete Comp Redemption Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Comp Routing Codes

Licenses / Subscriptions

Oracle Hospitality OPERA Cloud Service, Casino and Gaming Management Add-on

OPERA Controls

Group: Cashiering

Functions: Routing

OPERA Cloud Tasks

Group : Financial Admin

Comp Accounting: Comp Routing Codes

  • New/Edit Comp Routing Codes

  • Delete Comp Routing Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Comp Types

OPERA Controls

Group: Comp Accounting

Parameters: Comp Types

OPERA Cloud Tasks

Group : Financial Admin

Comp Accounting: Comp Types

  • New/Edit Comp Types

  • Delete Comp Types

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Oracle Fiscal Integration Service (OFIS)

OPERA Controls

Group: Cashiering

Parameters : Fiscal Folio Printing

OPERA Cloud Tasks

Group : Financial Admin

Tasks : Fiscal Management

  • Fiscal Commands

    • Edit Fiscal Commands

  • Fiscal Partners

    • New/Edit Fiscal Partners

    • Delete Fiscal Partners

  • Fiscal Terminal Setup

    • New/Edit Fiscal Terminal Setup

    • Delete Fiscal Terminal Setup

  • Fiscal Folio Parameters

    • New/Edit Fiscal Folio Parameters

    • Fiscal Folio Parameters Template

    • Delete Fiscal Folio Parameters

  • Fiscal Folio Buckets

    • New/Edit Fiscal Folio Buckets

    • Delete Fiscal Folio Buckets

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Package Codes

OPERA Controls

Group: Rate Management

Functions:

  • Advanced Packages (Allowances) - Optional

  • Item Inventory - Optional

OPERA Cloud Tasks

Rate Management

  • Package Codes

    • New/Edit Package Codes

    • Delete Package Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Rate Seasons

OPERA Controls

Group: Rate Management

Functions: Rate Seasons

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

  • Rate Seasons

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Display Sets

OPERA Cloud Tasks

Rate Management

  • Display Sets

  • New/Edit Display Sets

  • Delete Display Sets

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Base Rates

OPERA Controls

Group: Rate Management

Functions: Base Rates

  • Base Rate Extra Person Calculation

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Dynamic Base Rates

OPERA Controls

Group: Rate Management

Functions:

  • Base Rates

  • Dynamic Base Rates

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Advanced Daily Rates

OPERA Controls

Group: Rate Management

Functions: Daily Rates

  • Advanced Daily Rates

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Rate Codes

  • New/Edit Rate Codes

  • Delete Rate Codes

  • New/Edit Pricing Schedules

  • Delete Pricing Schedules

  • Edit Rate Code Type

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Advanced Dynamic Base Rates

OPERA Controls

Group: Rate Management

Functions:

  • Advanced Dynamic Base Rates

  • Base Rates

  • Best Available Rates

  • Dynamic Base Rates

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Best Available Rates (BAR)

OPERA Controls

Group: Rate Management

Functions: Best Available Rates

Parameters:

  • Rate Groups

  • Default to Highest BAR

Settings: Best Available Rate Type

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Dynamic BAR Based Rates

OPERA Controls

Group: Rate Management

Functions: Best Available Rates

  • Best Available Rate Type

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for BAR Based Rates

OPERA Controls

Group: Rate Management

Functions: Best Available Rates

  • Best Available Rate Type

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Managing Rate Code Approval

OPERA Controls

Group: Rate Management

Functions: Rate Code Approval 

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Rate Codes

  • Approve Rate Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Rate Code Restrictions

OPERA Controls

Group: Inventory Management

Parameters: Restrictions

  • Setting: Rate Category Restrictions

  • Setting: Rate Code Restrictions

  • Setting: Restriction Types

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Rate Code Default Routing Instructions

OPERA Controls

Group: Cashiering

Functions: Routing

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Multi Transaction Code Rate Codes

OPERA Controls

Group: Rates

Parameters: Revenue Posting by Room Type/Room Class

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Daily Rates

OPERA Controls

Group: Rate Management

Functions: Daily Rates

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

  • Rate Codes

  • New/Edit Rate Codes

  • Delete Rate Codes

  • New/Edit Pricing Schedules

  • Delete Pricing Schedules

  • Edit Rate Code Type

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Best Available Rate Schedules

OPERA Controls

Group: Rate Management

Functions: Best Available Rates

Settings: Best Available Rate Type = BAR by Day or BAR by LOS

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Best Available Rate Schedule

  • New Best Available Rate Schedule

  • Delete Best Available Rate Schedule

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Occupant Threshold Pricing

OPERA Controls

Group: Rates

Functions: Occupant Threshold Pricing Method

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Advanced Rate Code Posting Rhythms

OPERA Controls

Group: Rate Management

Parameters: Advanced Rate Code Posting Rhythm

Note:

Cannot be used in conjunction with Rate Code Posting Rhythm OPERA Control

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Rate Tiers

OPERA Controls

Group: Rate Management

Functions: Rate Tiers

Settings: Rate Tier Details

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Rate Code Protection

OPERA Controls

Group: Rate Management

Parameters: Rate Ownership Handling (optional)

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Rate Protection

  • Edit Rate Protection

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Promotion Codes

OPERA Controls

Group: Rate Management

Functions: Promotions Module

Parameters: Hide Promotion Rates

Group: Membership

Function: Membership Promotions

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Promotion Codes

  • New/Edit Promotion Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Promotion Codes with Comp Routing Instructions

Licenses / Subscriptions

Oracle Hospitality OPERA Cloud Service, Casino and Gaming Management Add-on

OPERA Controls

Group: Cashiering

Functions: Routing

Group: Rate Management

Functions: Promotions Module

The following parameter impacts the workflow related to Promotion Codes with Comp Routing:

Group: Comp Accounting

Parameters: Authorizer PIN Required

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Hurdle Rates

Integrations

Oracle Hospitality Integration Platform

OPERA Controls

Group: Rate Management

Function: Yield Management

  • Yield Market Types 

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

Hurdle Rates

  • New/Edit Hurdle Rates

  • Delete Hurdle Rates

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Yield Management

Subscriptions

Oracle Hospitality OPERA Cloud Foundation

OR

Oracle Hospitality OPERA Cloud Central Management Services

OPERA Controls

Group: Rate Management

Function: Yield Management

Parameter: Yield Market Types

Parameter: Multiple Yield Market Types

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

  • Yield

    • New/Edit Yield Category

    • Delete Yield Category

    • New/Edit Yield Adjustments

    • Delete Yield Adjustments

    • New/Edit Yield Market Types

    • Delete Yield Market Types

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Rate Groups

OPERA CONTROLS

Group: Rate Management

Functions: Best Available Rates

Parameters: Rate Groups

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Groups

  • New/ Edit Rate Groups

  • Delete Rate Group

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Property Calendar

OPERA Controls

Group: Reservations

Parameters: Property Calendar

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

  • Property Calendar

  • New/Edit Property Calendar

  • Delete Property Calendar

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Day Types

OPERA Controls

Group: Rate Management

Functions: Day Types

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Rate Management

  • Property Calendar

  • Edit Day Types

  • Delete Day Types

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Interim / Final Procedures and Reports

OPERA Controls

Group: End of Day

Functions: Income Audit (optional)

Settings: Income Audit Cashier Setting

OPERA Cloud Tasks

Tasks: Routine Management

  • End of Day Procedures

    • New/Edit Procedures

    • Delete Procedures

  • End of Day Reports

    • New/Edit Reports

    • Delete Reports

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Transaction Diversion

OPERA Controls

Group: Cashiering

Functions: Transaction Diversions.

OPERA Cloud Tasks

Financial Admin

  • Transaction Diversions

    • New/Edit Transaction Diversions

    • Delete Transaction Diversions

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Revenue Buckets

OPERA Controls

Group: Profile

Functions: Profile Revenue Buckets.

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Revenue Buckets

  • New/Edit Revenue Buckets

  • Delete Revenue Buckets

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Routing Codes

OPERA Controls

Group: Cashiering

Functions:

  • Routing

  • Routing Limits

OPERA Cloud Tasks

Financial Transactions

Routing Codes

  • New/Edit Routing Codes

  • Delete Routing Codes

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for About Rounding Factors

OPERA Controls

Group: Cashiering

Function: Rounding Factor

Setting:

  • Rounding Multiple (Factor)

  • Rounding Multiple (Transaction) Code

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Transaction Code Protection

OPERA Controls

Group: Cashiering

Functions: Transaction Code Ownership

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Financial Transactions

Transaction Code Protection

  • Edit Transaction Code Protection

Group: Financial Admin

Tasks: Financial Transactions

Transaction Codes

  • Override Property Protection

  • Override Central Protection

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Articles

OPERA Controls

Group: Cashiering

Functions: Articles

OPERA Cloud Tasks

Financial Transactions

  • Articles

    • New/Edit Articles

    • Delete Articles

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Revenue Type Mapping

OPERA Controls

Group: Events

Functions: Catering Events

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Financial Transactions

Revenue Type Mapping

  • New/Edit Revenue Type Mapping

  • Delete Revenue Type Mapping

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Credit Card Types

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Financial Transactions

Credit Card Types

  • New/Edit Credit Card Types

  • Delete Credit Card Types

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Transaction Discount Rules

OPERA Controls

Group: Cashiering

Functions: Articles (optional)

Parameter: Transaction Discount

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Transaction Discount

  • Edit Transaction Discount

  • Delete Transaction Discount

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Rate Code Posting Rhythm

OPERA Controls

Group: Rate Management

Functions: Rate Code Posting Rhythm

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Promotion Groups

OPERA Controls

Group: Rate Management

Functions: Promotions Module

Parameters: Hide Promotion Rates

Group: Membership

Functions: Membership Promotion

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Promotion Groups

  • New/Edit Promotion Groups

  • Delete Promotion Groups

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Voucher Rules

OPERA Controls

Group: Cashiering

Settings: Vouchers

OPERA Cloud Tasks

Group: Financial Admin

Tasks: Vouchers

  • New/Edit Vouchers

  • Delete Vouchers

Related Topics

Parent topic: Prerequisites for Financial Administration

Prerequisites for Configuring Collecting Tax Agents

OPERA Controls

Group: Cashiering

Function: Collecting Agent Taxes

OPERA Cloud Tasks

Group: Financial Admin

Tasks:

  • New/Edit Collecting Agent Tax

  • Delete Collecting Agent Tax

Related Topics

Parent topic: Prerequisites for Financial Administration