12 Rental Deposits

Deposits are advance payments made for scheduled events, such as banquets, parties, room rentals; or a security deposit on loaned items, such as bowling shoes.

Restrictions

  • You can refund deposits only from the revenue center from which items were rented.

  • The Check and Posting Service (CAPS) must be online to perform deposit-related functions.

  • If a rental item is discounted, the discounted price is used for the Deposit Amount.

  • Once a deposit is added to a check, you cannot void neither rental items nor their discounts.

  • If the closed check containing the deposit is on an offline workstation, you cannot refund the deposit.