It may be a new year, but we’ve been hard at work on the next update (v4.21) to our web based room booking and resource scheduling system, and we’ll be giving you a “first look” here on the blog at some of the upcoming features you can expect to see.

Invoicing has been a staple feature of our software for many years, and following customer feedback, for v4.08 we expanded the invoice generation capabilities of MIDAS to also allow generating “Cancellation Invoices“. When enabled, this feature will automatically charge a cancellation fee to your clients and generate an invoice accordingly if their bookings are cancelled (removed from the system) at very short notice.

This feature has been well received by customers, many of whom have also asked for the ability for their MIDAS system to generate “deposit” invoices too.

Well, we’ve listened and we’re excited to announce that “Deposit Invoices” are finally coming in MIDAS v4.21!

When generating invoices for bookings and deposit invoicing is enabled, MIDAS will instead generate two invoices; the usual “regular” invoice and a separate “deposit” invoice.

Deposit Invoice Settings in MIDAS v4.21
Deposit Invoice Settings in MIDAS v4.21

The amount charged on a deposit invoice can either be set to a fixed amount, or it can a percentage of the overall total booking cost.

Furthermore, there’s also the option to deduct the value of the “deposit” invoice from the “regular” invoice, or for the deposit charge to be in addition to the main booking/hire charge.

MIDAS v4.21 is coming soon! To be notified when it becomes available, please consider joining our Mailing List