What is hospitality software and how does it support tax regulation changes?
By Thynk· Published · Updated
Thynk manages VAT and GL categories centrally, so tax changes are applied once and flow into every quote, contract and invoice.
Full answer
Hospitality software helps hotels and venues apply tax changes accurately across all their business. Thynk supports tax regulation changes with:
- Central management of sales tax and VAT categories.
- Accounting and general ledger categories for every product.
- Tax codes applied consistently to rooms, events, packages and fees.
- Accounting items that can be pushed to ERP journals.
When a rate changes, administrators update the tax settings once, and quotes, contracts, pro formas and invoices follow the new rules.