When setting up your payment plans Here, you will be shown a Minimum Booking Value that a payment plan can be applied to.
Why is there a minimum booking value?
Every time you include a fixed amount in your plan, a minimum amount will be shown so that the plan makes mathematical sense. Let's look at the plan below.
Deposit = 1,000
Payment 2 = 25%
Payment 3 = 25%
Payment 4 = 25%
Final balance* Rolling
In this case, the system is saying the minimum balance is 4,000.
How was this calculated?
The schedule shows 75% of payments. The system will allow the final balance to be zero (and not a negative amount). So, the remaining amount of 1,000 must be the remaining 25% = total of 4,000.
This means you can only apply this payment schedule to a minimum booking value of 4,000 (100%) for it to make mathematical sense.
How do I reduce the amount of the minimum booking value?
You can take out all fixed amounts.
You can reduce the percentage amounts so that the fixed amount is a higher percentage of the total.
Or you can manually add a payment plan to an individual booking if the ones you have set up are not working for a particular booking.