The Revenue Share feature allows you to easily divide and share booking payments with any teammate, colleague, property manager, or other contact.
Why should you use it?
The exact terms and details of how earnings should be split between you and another person or another company differ.
For example, maybe a company will charge 15% of accommodation fare + cleaning fee, while a home owner will charge 20% of total payout - host channel fee.
Now, your exact revenue share – as well as that of your home owners – can be displayed in your booking reports, and can be shared easily among each other or with other contacts.
How can you setup the sharing proportions?
By using the dynamic variables (below), you can create a formula that denotes the exact terms and details of how earnings should be split between you and another person or another company.
|fare_accommodation||The total accommodation fare as it appears on the booking channel|
|fare_cleaning||The cleaning fare, if it exists in the specific booking channel|
|guests_count||Total number of guests for this reservation|
|guests_included_in_base_price||Number of guests who are included in the base price. This variable is useful to determine number of added guests (i.e. minus guest count).|
|extra_person_fee||Extra person fee as it appears in your Airbnb account.|
|nights_count||Total number of nights for this reservation|
|host_payout||Total payout received from the booking channel.|
|host_channel_fee||The fee that is being charged by the booking channel. Host channel fee vary between the different booking channels.|
|net_income||The result of the "Net income formula" field. This can only be used inside the second field of "Commission formula".|
|round||If you want to round the results, you can insert the formula into the "round" brackets. For example: round(fare_accommodation*0.2).|
What is the difference between the fields?
Net income formula:
The net income formula refers to the amount of money from which you take your commission. Some of our users take the percentage out of the total payout, others from the accommodation fare or from the payout minus additional person fee.
The commission formula is where you input "what's my share?", or simply - your commission. You can use the net_income variable as the base for this field, by duplicating, adding or subtracting from it.
The commission tax is calculated over your commission itself. This field should be filled with a number (percentage), and cannot be based on a formula.
Using these three fields allows you to view, share, and download reports that include all of the information related to revenue, such as: total payout, owner's revenue, your revenue (with or without tax), etc.
|Using these three fields allows you to view, share and download reports that include all of the information related to revenue, such as: total payout, owner's revenue, your revenue (with or without tax), etc.|
How do you use the variables to write your formula?
Use these variables to create simple math expressions.
1. If your commission is 15% out of the accommodation fare + the cleaning fee, the formula would be:
2. If your commission is 20% out of the total payout, not including the cleaning fee, plus TAX of 21% for the whole share, the formula would be:
To learn more on how to utilize this feature and share customized reports with home owners, see this.