HomeWikiProcessing PaymentsTransferring Money from One Booking to Another (Res Transfer)

6.1. Transferring Money from One Booking to Another (Res Transfer)

You can easily transfer money from one booking to another (for the same Agent - or a different Agent) - if a booking cancels, or over-pays (for instance):

Before you begin - speak to your System Administrator about adding 2 items to your Code Tables:

  1. Create a Cash Point called "Reservation Credit Transfer" - for each currency used in your system. (Administration > Setup > Code Tables > Financials > Bank/Cash Point)
  2. Create a Payment Method called "Reservation Credit Transfer". (Administration > Setup > Code Tables > Financials > Payment Method)

On the Reservation from which you are taking money

  1. Go to the Financials > Payments tab
  2. Record a Payment as follows:
    1. Cash Point: Reservation Credit Transfer
    2. Payment Method: Reservation Credit Transfer
    3. Amount should be a negative (-)
    4. Then add the Reservation # to which you are transferring the money - and add a positive for same amount.

If you run a Payments by Group Report - you will see the balance in that Cash Point is 0 - this should always be the case. Money is transferred in and out at the same time.

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