How can I create payment term?

As a host, you can set conditions for the payment of the bookings which are created, added, or  edited by allocating instalments to them.To do so, you should create a Payment Term first. Then you may manage it by editing the terms.

Create Payment Term

Step 1: Go to Finances -> Guest Payments -> Payment Terms and click on Create Payment Term.

Create Payment Term - Zeevou

Step 2: Insert the payment Name under the General tab.

Create Payment Term Name - Zeevou

Step 3: Under Conditions, select the Variable and Operator from the box and put in your desired number for Days to set the Conditions for the payment.

Note: You can add more Conditions by clicking on Add Conditions in the middle of the page.

Condition of Payment Term - Zeevou

Step 4: Customise your Instalments by selecting its duration based on Weekly, Monthly, or Custom.

In Weekly Instalments, the number of instalments is equal to the Number of Nights divided by 7. The first instalment is due on the Booking Date, the second one is 5 days after the Arrival Date, and the rest are due every 7 days afterwards.

In Monthly Instalments, the number of instalments is equal to the Number of Nights divided by 30. The first instalment is due on the Booking Date, the second one is 25 days after the Arrival Date, and the rest are due every 30 days afterwards

Instalments of payment term - Zeevou

For Custom instalment, set the Payment Due Date and Payment Percentage for Conditional Instalment Settings.

Note 1: You can add more Instalments by clicking on Add Instalments.

Payment Due Date - Zeevou

Note 2: You should insert other Instalments details (Payment Due Date and Payment Percentage) if none of the conditions specified at the top of this page are met.

insert other Instalments details (Payment Due Date and Payment Percentage) - Zeevou

Step 5: Under Rate Plans, tick Apply On Rate Plans to choose the affected rate plan(s) for your Payment Terms. Then, select the desired rate plan.

Rate Plans - Zeevou

Step 6: Click on Save and Close. Finally, a window like the following screenshot will appear:

Click on Save and Close the payment term - Zeevou

View and Edit a Payment Term

You can find this new payment term by going to Finances -> Guest payments -> Payment Terms.

 find this new payment term by going to Finances -> Guest payments -> Payment Terms - Zeevou

In order to make changes in the created payment, click on the three dots on the right-hand side of each payment to Edit.

edit the Payment term - Zeevou

Note: You can see the instalment details of a booking under the Payments tab of Bookings.

see the instalment details of a booking under the Payments tab of Bookings - Zeevou
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