Every rate stored in Tourplan has a Start Date, an End (expiry) Date and a Price Code. There are other details stored, but a rate cannot be entered without these 3 pieces of information.
There is no limit to the number of future rate periods for each product.
About Rates
Tourplan has different mechanisms for marking up rates and bookings. This can be done at three levels:
- at rate level (i.e., in the Product),
- using the Markup function of the Discount/Commission/Markup Matrix which applies the markup during product entry into the booking, or
- at booking level by manually adjusting the booking product (and/or component) values and the booking total.
Marking up at a rate level and product/rate level has the advantage of being able to specify a sell rate for a service to match published rates, whereas adjusting at booking level requires detailed line and total manipulation.
At rate level, there is one method of markup which is by entering cost rates and sell rates against Price Codes. This method allows the cost price provided by the supplier to be entered and the price at which the service is to be sold to be entered. Tourplan will display the markup percentage and amount. Multiple Price Codes can be used to for (e.g.) , different tariff/rate levels.
At booking service level the Markup Matrix can be used to apply markup based on certain criteria set up in the matrix record. Cost rates then have markup applied within bookings based on a large range of possible criteria - Product Analysis Codes, Agent Analysis Codes, Supplier Codes, Service Dates etc. At least one non-markup Price Code is still required for this method, in order to provide date separation.
NOTE: Price Codes must have been previously setup via menu Home > System > Code Setup > Product > Price Code. The markup method(s) to be used will be discussed during system implementation.