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Holiday Rental Funds

Holiday Rental Funds

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Holiday Rental Funds

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When a booking is first made, the deposit funds are not available to be paid to the Lessor in order to account for cancellations. In the system, the funds are held in account 3 (Lessors funds), but they are withheld from the Lessor until the booking has been fully paid and the commencement date has passed.

 

The Lessor trial balance will show the funds that are being held for each Lessor against incomplete holiday bookings.

 

Details of the bookings will appear on the Lessor's statement at the end of the month, and will be automatically paid to the Lessor in the end of period processing. Once the funds for a booking have been paid to an Lessor, the booking details can no longer be changed.

 

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