Annual Revenue Based Fee Audit (RBFA) Process: 2019 Income & Expense Statements
Franchise Management Companies| Marriott International is preparing to conduct the 2019 Revenue Based Fee Audit, in which the year-end financial statements are compared to the actual fee invoices billed to ensure accuracy.
On Feb. 25, finance and/or main account contacts, as well as OFB contacts, of franchised hotels in the U.S. & Canada should have received an email from Marriott International Revenue Services requesting that 2019 Income and Expense Statement(s) be provided to Marriott International via the new, previously communicated process by which a secured data management software, called Quick Base, will now be used, eliminating the use of email for submission of financial statements.
As a reminder, to comply with the new process, Franchise Management Companies must identify Administrator(s) who will be responsible for assigning and maintaining users and uploading Income & Expense statements within Quick Base. Franchise Management Companies can designate an administrator by sending an email to the Revenue Services Audit Team with Management Company Name, Administrator Name, Title, Phone Number, Email Address and Marriott EID.
Designated Administrators and Submitters will be invited by the Marriott Revenue Services Team to join dedicated Office Hours to receive support in using the new Quick Base tool.
We appreciate your support in ensuring the success of the new process and that the necessary statements are provided no later than March 24.
Should you have any questions, please email mirevserv.audit@marriott.com.
