Additional Deposits

Hi there,

What's New?

We're excited to announce a significant update to our Property Management System (PMS) with the introduction of the "Additional Deposits" feature. This new functionality allows for more flexible financial management directly within the booking payments screen of our PMS.

Key Features:

• Enhanced Deposit Handling: You can now easily record new deposits or take additional deposits through Stripe (for customers present) directly on the PMS booking payments screen. This feature is designed specifically for PMS customers utilising our deposits feature.
• Deposit Receipts and Allocations: Every transaction generates a deposit receipt accompanied by General Ledger (GL) journal postings. Plus, you have the flexibility to manually allocate a deposit receipt to any invoice or charge note on the same booking with an available balance, enabling partial deposit refunds.

Why This Change?

Our aim with this update is to provide our customers with greater flexibility in managing deposits outside the initial resident or customer onboarding flow. Whether it's for securing extra bookings or handling special cases, the "Additional Deposits" feature ensures that your financial transactions are more streamlined and efficient.

Impact:

This feature improvement is designed to benefit all our customers, offering a more robust and flexible financial management tool within the PMS. It's particularly useful for those who require additional security or financial assurances from their clients beyond the standard booking process.

Getting Started:

This new feature is now live and available for use. For a detailed walkthrough, please visit the help centre link below.

Warm regards,

Team Lavanda