A Bond is a security posted by a third party, typically used for construction work or new developments, that protects against non-payment or incomplete work. Bonds can be easily created and tracked in an account’s page.
Instructions
Click the Add Event button
Click Bond in the Event Type modal
Click into the Status drop-down
Select the appropriate Status of the Bond
Pending: The bond has not been finalized.
Reviewed: The bond has been reviewed and instated.
Canceled: The bond has been canceled.
Completed: The bond has been completed by the customer.
Click the Transaction Date calendar icon
Select the date on the calendar
Click into the Transaction Time field
Enter the time of issue for the Bond
Type details for the Bond in the Internal text field
Click the Condition drop-down menu
Select a Condition
On deposit: The Bond is paid and currently held
Refund: The Bond has been released and refunded
Click the Type drop-down menu
Select the Bond Type
Note:
This field is configurable. The options in this image may not match the options available to your organization.
Type the bond amount in the Amount field
Click the Expiration Date calendar icon
Select the bond’s expiration date
Click the Documents tab to add documents, if necessary
Click the Save button
Note:
A tracking number is generated and displayed once the Bond is saved.