Folio postings for advance deposit forfeiting

Partial Forfeit: If you partially refund the advance deposit and select the Forfeit Remainder check box, the following postings are carried out by the system:

• A credit to the guest folio is posted by the system for the forfeit amount using the advance deposit transaction code.

• A debit to the guest folio is posted by the system for the forfeit amount using the deposit forfeit transaction code.
• Guest ledger displays the deposit transfer and the deposit forfeit amounts.

Forfeit: If you select the Activity Type of Forfeit, the following postings are carried out by the system:

• Posts a debit transaction on the Advance Deposit tab for the amount of forfeit using the advance deposit transaction code.
• Posts a credit transaction to the guest folio for the forfeit amount using the advance deposit transaction code.
• Posts a debit transaction to the guest folio for the same amount using the Deposit Forfeit transaction code.
• Guest ledger displays the deposit transfer and the deposit forfeit amounts.

Forfeit Deposit when Advance Deposit Tax Invoicing is enabled: If the following conditions are met:

• The property install parameter ADTAXINV is enabled.
• The user selects the Activity Type of Forfeit.
• The user leaves the amount equal to the original deposit amount.

The following postings are carried out by the system:

• A debit transaction of type Forfeit using the advance deposit transaction code is posted on the Advance Deposit tab.
• The following transactions are posted in the guest folio:
  • A credit transaction for the forfeit amount using the advance deposit transaction code.
  • A debit transaction for the forfeit amount using the deposit forfeit transaction code.
• The following transactions are posted in the accounting folio to offset the tax associated with the deposit:
  • A debit transaction for the amount of tax using the Deposit Offset transaction code.
  • A credit transaction for the amount of the tax using the Tax transaction code.