The new version of the WebReserv Booking System has been released. The new version includes the ability to calculate cancellation fees.
To setup a cancellation fee or percentage, go to Setup – Business Information – Changes & Cancellations.
You can enter up to 3 rules for your business. Each rule has a time (prior to arrival date/time), penalty fee or %, and an indication of whether a customer can cancel the reservation directly.
In the example below, the cancellation penalty is 100% if cancelled less than 1 day in advance and 25% if cancelled more than 1 day but less than 7 days in advance. There is no cancellation penalty if the reservation is cancelled more than 7 days in advance. Note the last rule of 365 days. This is added to allow customers to cancel the reservation more than 7 days in advance.
When a reservation is cancelled, the booking system performs the following:
- Marks inventory/room/tours as available
- Removes security deposit (if used)
- Calculates cancellation penalty (if applicable – default is none)
- Calculates final balance
- Sends cancellation email to customer (if applicable – default is yes)
Here you’ll see a reservation before it is cancelled:
Now let’s look at the same reservation after it is cancelled 4 days in advance.
If needed, you can remove the cancellation fee by clicking the X (delete icon) on the cancellation fee line.
The booking system does not automatically charge or refund balances when a reservation is cancelled. To settle the balance, scroll down to the Payment Information section and click Add Payment or Refund.