Rate Table Bond is an option to select a Refundable Charge that will automatically apply to the reservation account when the Rate Table is used.

Overview

Rate Table Bond is an option to select a Refundable Charge that will automatically apply to the Reservation Account when the Rate Table is used for the Quoted Rate.

The Rate Table determines the prices to be used when calculating the rates in RMS.

A Refundable Charge is a type of Sundry Charge that can be used to hold bonds or deposits that can be returned to the guest.

Refundable Charges record the date paid and hold the allocation of the Receipt until refunded or applied to the account.

A Refundable Charge can be setup on the Rate Type to apply to all reservations with that Rate Type selected.

Triggered Correspondence can be setup to automatically email the Account Bill To recipient when bond payment is recorded on the Reservation Account when the Trigger Type is 'X Periods Before or After an Action' and the Action selected is 'Bond Paid'.

Guide

In the side menu of RMS, go to Charts > Rate Manager.

1. Select 'Rates'.
2. Select 'Rate Tables'.
   
    
3. Select an existing Rate Table.
4. Select 'Edit'.
   
    
5. Navigate to the 'Bond' tab.
6. Select a Refundable Charge.
7. Select 'Save/Exit'.