Added 7/31/08 - SS/DM
Article ID#: KWin0073
Checks vs. Direct Deposit
In RDPWin Version 2.072, the Owner Detail tab offers a Pay Owner
if Balance Due checkbox with radio buttons to select (1) pay by check or (2) pay
by direct deposit (wire transfer). Select direct deposit for owners that
receive payments via wire transfer between banks and do not receive a check. When the statement is finalized
for an owner with direct deposit, RDPWin does not generate a check voucher
and puts a wire transfer code (B7DA) on the owner master instead of a check
voucher (B7D7) code.
When a single owner is being processed and "Pay By Direct Deposit" is selected on the Owner Detail tab of
the selected owner, the Finalize tab displays the
Direct Deposit checkbox checked and disabled.
When Pay By Check is selected on the Owner Detail tab of the owner
master, the Finalize tab of Owner Statements displays the "Generate check..."
and "Place check..." checkboxes.
For finalizing multiple owners, the Direct Deposit check box does not
show (tab displays as above for "Generate check...", however, the Direct Deposit setting for each owner is used while finalizing.
When printing statements, the five standard Statement reports in RDPWin Version 2.072 show the B7DA in
the Statement Summary area instead of the B7D7 if direct deposit is used.
Prior to using this feature, customers must update to RDPWin 2.072 or higher and use
the standard statement shipped with Version 2.072. While customers may
have customized statements to include personalized formatting, the B7DA shows in
the Statement Summary only on the newly shipped copy of the report.