What is the purpose of the "Speed Posting" option?
The "Speed Posting" option allows for quickly posting multiple payments on a single screen without the need to access individual accounts.
How do you access the "Speed Posting" feature?
To access the "Speed Posting" feature, follow these steps:
- From the main menu, navigate to "Transactions" → "Speed Posting."
What information do you need to provide when using "Speed Posting"?
When using "Speed Posting," you need to provide the following information:
- Transaction Batch*: Select the appropriate batch.
- Account*: Enter the Account number to which you will apply the payment. Note that you can use a wildcard to search for accounts.
- Amount: Input the payment amount.
- Commission Amount: Enter the commission amount.
- Transaction Date*: Specify the transaction date.
- Spreader: Choose a spreader from the dropdown menu or proceed to the next section.
- Auto Select Bundle Members: If enabled, this option will pre-select active status code bundle members after looking up an account. You can also manually select bundle members.
- Operator*: Choose an operator from the dropdown if a spreader wasn't chosen.
- Bucket*: Select a bucket from the dropdown if a spreader wasn't chosen.
- Type*: Choose a type from the dropdown if a spreader wasn't chosen.
- Client Charge Return: If applicable, provide this information.
- Received Adj Reason: If applicable, specify this reason.
How does account search work in Speed Posting?
When you enter an account number, the system searches for matches based on:
- Reference Number
- Client Account Number
- Customer Account Number
If matching accounts are found, the results will also include any other accounts that share the same Judgment Case ID as those matched accounts.
For example:
- If the original search returns 3 matching accounts
- And each of those accounts has 1 additional account with the same Judgment Case ID
- The results list will display all 6 accounts
You can then select the appropriate judgment account to post the payment.
Are all fields in the account/payment section required?
No, all fields in the account/payment section are optional as they pertain to the account/payment. These fields include Check Number, Primary and Secondary Collector ID, Garnishment, Miscellaneous fields, and Notes.
What should you do after completing the required fields?
After filling in the required fields, click "Apply" to post the payment to the account. You will receive a note at the top of the screen with a link to the account for viewing payment details.