Configure Security Deposit Defaults

Some organizations collect a security deposit from groups which is held until the completion of the group’s visit, and returned if all facilities and property are maintained during the visit.

You can make security deposits required by default on group orders, as well as determine rules for calculating the deposit amount and due date for the deposit. If you require a security deposit by default, you can specify whether it is a percentage of the order amount or a flat amount. For the deposit due date, you configure rules to calculate the due date based on the order creation date or the date the group visit occurs.

Tip: The security deposit defaults you configure can be changed during the group sales process. They are simply defaults designed to help your organization maintain a consistent policy for collecting security deposits for group orders.