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How is the Early Booking Discount Prepayment calculated and deducted?

April 26, 2017booking calculated deducted discount early prepayment

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How is the Early Booking Discount Prepayment calculated and deducted?

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There are two different methods how the Early Booking Discount (EBD) Prepayments are calculated: Seasonal Prepayment: This is a prepayment that is paid on a fixed date and that covers arrivals for the whole season. This prepayment is calculated for all bookings made until a particular reservation date and which stay falls in a particular period. The details of the EBD prepayment are found on the contract. The prepayment will be deducted in instalments (usually monthly). The deductions are included in the supplier‘s invoices payment. E.g. Prepayment due on the 15.11.08, for all reservations made until 31.10.08, which stay falls in period starting 01.11.08 till 30.04.09.