Overview Of reports and what are important reports to refer in Stayflexi ?

What are Stayflexi Reports?

The Reports feature in Stayflexi provides property managers with essential insights into their property’s operations. It offers a range of detailed reports on revenue, tax filing, occupancy, booking sources, sales performance, and guest demographics. These reports allow users to monitor trends, optimize room pricing, adjust marketing strategies, and improve overall property performance. By analyzing these data points, property managers can make informed decisions that enhance profitability and guest experience, supporting both day-to-day management and long-term strategic planning.

Why Use Stayflexi Reports?

Reports are essential for understanding various aspects of your property’s operations, such as:

1. Tracking Revenue: Track financial performance, analyze income sources, and identify high-performing channels.
2. Optimize Occupancy: Adjust room availability based on occupancy trends and prevent under utilisation.
3. Manage Sales Performance: Monitor bookings, cancellations, and modifications to better understand guest behavior.
4. Enhance Marketing Strategies: Evaluate booking sources to focus on effective distribution channels.
5. Set Competitive Pricing: Utilize average daily rate[ADR] and revenue per available room [RevPar] insights to develop profitable pricing.

Using these reports enables data-driven decisions, leading to increased occupancy, revenue, and guest satisfaction.

How to Access and Use Stayflexi Reports?

1. Accessing Reports:
   • Log in to your Stayflexi dashboard using your credentials.
   • From the dashboard, click on the 4-dots square icon labeled “More Apps”, located on the right side of the screen.
   • From the listed apps, locate and click on the Reports.

In Stayflexi, when you access the Reports feature, a new page opens where you can view a comprehensive list of reports, each providing valuable insights into property performance.

• The Key Reports to focus on include:
  • Flash Manager Report: This report provides a quick, high-level overview of essential metrics, offering insights that help in daily decision-making, which include:
    • Property Report: Provides insights into overall property performance, summarizing key metrics.
    • Revenue Report: Details revenue generated from various sources, helping track income flow.
    • Tax Revenue Report: Shows total tax collected on revenues, aiding in tax management.
    • Taxes Report: Breaks down specific tax categories and amounts, useful for accounting.
    • Payments Summary Report: Summarizes all payments received, giving a quick snapshot of cash flow.
    • Payments Detailed Report: Offers a more granular view of each transaction, ideal for payment tracking.
    • Expense Report: Lists all expenses, helping manage property costs effectively.
    • Inventory Report: Tracks available room Inventory, ensuring room availability and allocation.
    • House Report: Summarizes room statuses, occupancy, and other essential house operations.
  • Room Revenue Report: Focused on revenue generated per room, this report is critical for understanding how room sales contribute to overall income.
  • Night Audit Report: Summarizes daily transactions, occupancy, and revenue, ensuring all records are accurate and balanced at the end of each day.

The Flash Manager Report, Room Revenue Report, and Night Audit Report in Stayflexi collectively offer a property’s performance. Together, they cover almost every crucial aspect of property management, including revenue tracking, occupancy levels, tax breakdowns, payments, expenses, inventory, and room status.