What is a payment schedule?
A payment schedule can be used to automatically prompt a guest for a payment. Prompting may take place immediately upon completing a new reservation request, or at some other event such as X number of days prior to the start of a reservation.
What does "use for internal reservations" mean?
This means that reservations you enter using the Reservation Manager will be automatically tied to the selected payment schedule.
Do I need to use all three options, deposit, additional payment, and balance?
No. You can use whichever options best suit your needs.
Can I set up different payment schedules ddepending on how many nights the guest has reserved?
Yes. Set up two payments schedules - one for short stays, and one to be used for longer stays. Then in your ReservationPage settings, you can select which schedules to use.