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Added 04/15/03 - Article ID#: K000158
When reservations with a paid deposit are cancelled, the system normally provides the option of refunding all or part of the deposit. If only a part of the paid deposit is refunded the remainder is automatically placed in a "forfeited deposit" account. There is a system switch, number 420-8, that controls the ability to forfeit all or part of the deposit.
From Menu 98, use option 420. Set switch 420-8 to Yes or NO as follows.
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Switch 420-8, "Allow Forfeit of advance deposits" Yes/No |
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|---|---|
| Yes | All or part of the deposit can be forfeited |
| NO | Forfeits are not allowed. The entire paid deposit must be refunded to the guest |
With the #420-8 switch set to YES, the clerk performing the cancellation may refund all or part of the paid deposit. In the example below the paid deposit was $100.00. The clerk has refunded $75.00 and the remainder will be kept by the property as a forfeited deposit.

With the #420-8 switch set to NO the clerk performing the cancellation must refund the entire paid deposit.
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| For more information see Hardware Requirements. | |
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