NETT Cost Calculator
 

• Type

  • Category of expense associated with a trip and are set in the Company's profile configuration.
    
    

• Supplier

  • Companies or individuals that provide the various services or products needed for a trip, such as hotels, airlines, car rental agencies, or tour operators. 
    
    

• Currency

  • Refers to the currency you will be paying your supplier in for this specific cost.
    
    

• Conv. Rate (Conversion Rate)

  • The value at which the default currency will be converted to be exchanged for another currency type.
    
    

• NETT (Base)

  • The suppliers original, unmarked-up cost provided by the supplier before any additional fees or commissions.
    
    

• Auto Factor?

  • Adjusts costs automatically based on the number of persons to ensure accurate trip pricing. The cost will automatically update to reflect the correct pricing.
    
    

• Factor

  • This is a multiplier applied to the base cost to adjust pricing based on variables such as the number of persons or nights.
    
    

• NETT (ORG)

  • This is the original, unmarked-up cost provided by the supplier, excluding any additional fees or commissions.
    
    

• NETT (Your Base Currency)

  • This is the original cost from the supplier, expressed in your base currency, before any additional fees or commissions.
    
    

• Margin %

  • This is the percentage added to the base cost to determine the selling price, ensuring profit over the original cost. Margin is a percentage based on the Rack price, which helps in calculating the profit margin over the total selling price.
    
    

• Margin

  • This is the amount added to the base cost to determine the selling price, ensuring a profit over the original cost. Margin refers to the actual dollar amount added to the NETT price, which translates into the profit made on top of the base cost.
    
    

• Rack (ORG)

  • This is the total price the client will pay for the service or accommodation. It includes the supplier’s NETT price and your profit (margin). Rack (ORG) is expressed in the supplier’s currency.
    
    

• Rack (Your Base Currency)

  • This is the total price the client will pay for the service or accommodation. It includes the supplier’s NETT price and your profit (margin). Rack (your base currency) is expressed in your base currency.
    
    

• Notes

  • Additional information or comments related to the trip costs, providing context or details for better understanding and record-keeping.

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Commission Calculator

• Cost Type

  • Category of expense associated with a trip and are set in the Company's profile configuration.
    
    

• Supplier

  • Companies or individuals that provide the various services or products needed for a trip, such as hotels, airlines, car rental agencies, or tour operators. 
    
    

• Currency

  • Refers to the currency you will be paying your supplier in for this specific cost. 
    
    

• Conv. Rate (Conversion Rate)

  • The value at which the default currency will be converted to be exchanged for another currency type.
    
    

• Rack (ORG)

  • This is the standard price set by the supplier before any discounts or commissions are applied.
    
    

• Calculation Calc Type

  • This dropdown lets users choose whether the commission is calculated as a percentage or a fixed amount.

• Percent shows a box to enter your desired commission percentage.
  
  
  

• Amount shows the amount (ORG) and the Amount (Base Currency) boxes, where after entering the amount, clicking the lightning bold converts the amount using the conversation rate. The example below is converting from Euros to Dollars.
  
  

• Notes

  • Additional information or comments related to the trip costs, providing context or details for better understanding and record-keeping.

    
    
    

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Cost Calculator

• Cost Type

  • Category of expense associated with a trip and are set in the Company's profile configuration.
    
    

• Supplier

  • Companies or individuals that provide the various services or products needed for a trip, such as hotels, airlines, car rental agencies, or tour operators. 
    
    

• Base Currency

  • Refers to the currency you will be paying your supplier in for this specific cost.  
    
    

• Conv. Rate (Conversion Rate)

  • The value at which the default currency will be converted to be exchanged for another currency type.
    
    

• Calc Type (Calculation Type)

  • This dropdown lets users choose whether the commission is calculated as a percentage or a fixed amount.
    
    

• Percent shows a box to enter your desired commission percentage.

  • Cost Source lets you select only the Costs you want to associate the markup to.

  • Markup Type

  • Markup is the percentage added to the NETT Cost to determine the final selling price, ensuring profitability over the base cost.

  • Margin represents the percentage based on the Rack rate, highlighting the profit over the original cost. 

    

Learn More about Margin vs. Markup Here

• Amount is the dollar amount to apply to the cost.
  

  
  

  
  

• NETT %

  • Represents the percentage of the original cost retained by the supplier after deducting any fees or commissions.

• Rack %

  • Indicates the percentage of the supplier's standard price used for calculating the final cost before any discounts.
    
    

When setting up the NETT% and Rack%, you can control how costs are calculated based on different scenarios. Here are the basic options explained with real-world examples:
0% NETT and 100% Rack: This setup generates the entire cost as Margin. For instance, if the base cost of a tour is $1,000 and you choose 0% NETT and 100% Rack, the selling price remains $1,000, and all of it is considered profit.
100% NETT and 100% Rack: This setup creates a cost with 0% Margin. For example, if the base cost is $1,000, selecting 100% NETT and 100% Rack keeps the selling price at $1,000, resulting in no profit margin.
100% NETT and 0% Rack: This setup results in a cost with a Negative Margin that doesn't change the total trip price. For example, if the base cost is $1,000, choosing 100% NETT and 0% Rack will lead to a reduced selling price, which can be useful in specific pricing strategies.

Note: Avoid setting both NETT and Rack to 0%, as this would result in an empty cost!

• Notes    

  • Additional information or comments related to the trip costs, providing context or details for better understanding and record-keeping.    
    

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And that's how to Add a Trip Cost using the NETT Cost Calculator on the Oasis Travel Platform! We hope you found this guide helpful. If you need additional help or want to share your thoughts, reach out at support@myoasisapp.com. We love hearing from you and are always here to help.