Credit Card Orders
Credit Card bookings and payments are commonly accepted for holiday rental accommodation. It can be an extremely useful method of taking one-off payments from tenants. Unlike normal rentals, the bank commission can be passed on to the Lessor.
When a credit card booking is made the details will not appear on the daily banking. Instead, this separate function to bank Credit Card Orders operates in a similar fashion to the daily banking. As receipts are made, the Daily Banking Ledger account is debited and the details are transferred to a file. This file may be viewed at any time and the Credit Card Order Summary printed.
In the Trust Account, there is an account record (no 2) called “Daily Banking” that is debited when all credit card bookings are saved in the database. The balance of this account is equal to current daily banking amount plus the credit card orders. The form shows the total amount of card orders that have not been banked
It is possible to make some changes to the order for the receipt. Click the Edit button and the fields that can be edited will be displayed.
If there is an error in a receipt amount, the whole receipt must be reversed.
To close the banking, click the Print Button and select to close the Banking when it has been printed.
All credit card orders are automatically added to the credit card orders file. At any time the contents of the file can be printed or viewed to check on the funds that are available for banking. The file can be closed and the funds taken to the bank with the printed report. This will post an entry in the Bank Reconciliation that must correspond to an entry on the statement.
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