Finance Reporting – Importing transactions from Meeting Hub
If you’re a Meeting Hub customer, you should be exporting your billing transactions directly from Meeting Hub into your accounts system to streamline your financial reporting. By importing your transactions directly into your accounting system you remove duplicate handling and rekeying which is prone to data loss and errors. Some Meeting Hub customers also import this billing information into their CRM system, to provide a full cycle view of their customer relationship.
The process is simple & easy to set up and configure. You have complete control over what general ledger codes are used for specific services ensuring revenue posts to the correct accounts codes within your Accounts system. If you are not already doing this and would like to read our knowledge article on how to set this up click here.
All transactions are itemised showing Qty, Amount, Inc Tax, Ex Tax, Tax amount, Description including room name and meeting time. You can choose how often you run billing and what information to import. Meeting Hub allows customers to control how often they run their billing and which transactions they export to their finance system.
Most businesses have a good sense of how they are performing, sometimes they have a hunch of where there are problem areas that may need focus but don’t have the data to back up their thoughts before end of month reporting is completed. Meeting Hub has a real-time reporting module available to all of its customers which provides finance and operations teams with valuable data about their bookable spaces covering the following:
- Average spend per booking
- Booking lead time
- Busy day of the week
- Busy time of the day
- Bookings per month
- Top clients
- Revenue by client type
- Centre Revenue Target
- Organisational Revenue Target
- Gratis Usage
- Voucher Usage
These financial reporting metrics are key to tracking your organizations’ performance against key metrics. Using Meeting Hub, you can then benchmark your performance against others in your region for key statistics such as:
- Average spend per booking;
- Occupancy / Utilization rates;
- And much, much more
Want to learn more? Why not request a demo of Meeting Hub today.