Cut folio operation is useful If you want to cut all same types of charges(Room charges / Extra charges / Payment entries / Transfers) from one folio and to add it on another new folio.
Basically, it will Create a new folio and all the selected categorized postings will get moved to that new folio.
Location : Edit Reservation >> Folio Operations >> More >> Cut Folio
Refer with the below video For step by step operation.
Screenshot 1 :
Screenshot 2 : Select what you want to cut from folio (example : Separate all the extra charge from selected folio) and Cut Folio
Screenshot 3 :