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USALI 11th Edition Overview

The 11th revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) includes several major changes from the 10th edition. Key changes include renaming revenue categories such as changing "Rack" to "Retail" and "Wholesale Transient" to "Wholesale". A new Information & Telecommunications Systems overhead department is added to centralize IT expenses. Other changes involve renaming accounts and departments, moving expenses between departments, and adding or removing certain accounts.

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Yayat Miharya
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426 views4 pages

USALI 11th Edition Overview

The 11th revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) includes several major changes from the 10th edition. Key changes include renaming revenue categories such as changing "Rack" to "Retail" and "Wholesale Transient" to "Wholesale". A new Information & Telecommunications Systems overhead department is added to centralize IT expenses. Other changes involve renaming accounts and departments, moving expenses between departments, and adding or removing certain accounts.

Uploaded by

Yayat Miharya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
  • Introduction: Introduces the document focusing on the significant alterations made in the 11th edition of USALI specifically for the Maldives.
  • Revenue - Name Change: Details the changes in revenue categorization comparing the 10th and 11th editions of USALI, emphasizing name shifts from terms like 'Rack' to 'Retail' and others.
  • New Overhead Department: Introduces the new Information & Telecommunications Systems department and its impact on coding and expense categorization.
  • Other Changes: Outlines various departmental changes, showcasing alterations in account names and management across different areas like Rooms Department and F&B Department.

Uniform System of Accounts

for the Lodging Industry


(USALI)
11th Revised Edition

Major changes - Maldives


Revenue – Name Change
USALI 10th Edition USALI 11th Edition

Rack Retail
Transient
Package Discount

Corporate Negotiated

Special Qualified

Wholesale Transient Wholesale

Group Group Corporate


Corporate/Entertainment
Group
Group Group Association/Convention
Association/Citywide/Incenti
ve
Group Social Group SMERF (Social, Military,
Educational, Religious,
Fraternal)
NEW OVERHEAD DEPARTMENT

Information & Telecommunications Systems


(similar to A&G, S&M, POM)

Telephone and IT related expenses will be moved from all


depts. and coded here.
Labour and related costs of PBX operator will also moved
here
OTHER CHANGES
Dept/ Account 10th Edition 11th Edition

New Account - 70221 -- Entertainment – In-House


(In all departments)
Rooms Department
Name Change Cable/Satellite Television Complimentary In-Room Media & Entertainment
Revenue management labor Rooms Sales & Marketing – Schedule 7

F&B Department
Name Change Covers Customers (counted for beverages as well)

Food Revenue Only Food Includes all Food and all non-alcoholic beverages

A&G Department
Account Change IT Expenses Moved to IT Overhead Dept. Account
Account Change Printing and Stationary Operating Supplies

S&M Department
Account Change Printing and Stationary Operating Supplies
Name Change E-commerce Website
Royalty Fee Below GOP Sales & Marketing – Schedule 7
(For Fee purpose, will be still adjusting)
POM
Account Change Printing and Stationary Operating Supplies
New Account - 70836 -- Vehicle Repair

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