Payments: Bonds/Holding Deposits

Modified on Fri, 17 May at 12:18 PM

If your centre charges a bond or holding deposit, navigate to Centre Settings > Bonds/Deposits

 






The "i" or information icon provides you with a tip on the field's purpose and usage.


The tick box Centre Uses Bonds/Deposits makes the Bond/Deposit fields available on the Child Profile screen.




From the child record, you can now set the Bond/Deposit status accordingly - Not Received, Received or Released.

Discover does not automatically create a financial transaction for the Bond Receipt, this section is for recording only.

Please Note: If you wish to have the initial Bond transactions recorded on the account, you will need to create an ad-hoc invoice and create a receipt/payment.

Releasing the Bond

Discover will advise you that the Bill Payer will be credited and it will create a Financial Transaction. Many centres use the credit on the accounts to offset final invoicing for settlement.



Viewing Bonds/Deposits


Bonds and Deposits can be viewed via the Child Details Report in Children Reports.


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