Electronic Funds Transfer Screen

Keystone provides support for electronic funds transfers. To access the Mortgage Payment - Electronic Funds Transfer screen, open the Finances tab in the Keystone ribbon and click Electronic Funds Transfer. This screen displays the homeowners who have the Electronic Funds Transfer box checked in their record on the Mortgage/Payment Information screen.

After you have reviewed these amounts against your bank’s deposit report, click the Post button to automatically post these amounts to the homeowners’ payment accounts.

The arrow keys can be used with this screen for navigation like in a spreadsheet.

If you are using Electronic Funds Transfer, it is also useful to use the Mortgage Grouping function to allow you to do mortgage reporting on just this subset of homeowners. This report is available on the Reports screen under Finance > Mortgages > Payments Detail/Summary. Select a Payment Method of EFT for this report. This option also allows you to look at just EFT payments.

Field Name	Type	Description
Only Show Included (Include pane)	Check box	Check to display only those homeowners for whom the Inc. check box (see below) is checked.
Date Paid (Set Values pane)	Entry	The date on which the electronic transfers will be (or were) made for the homeowners included in the list below. The default is today's date.
Notes (Set Values pane)	Entry	Notes about the electronic transfer.
Inc.	Check box	Check to include the homeowner in the transfer. Uncheck to omit that homeowner from this transfer.
Name(s) (Homeowner)	Read-only	The name of the homeowner. Homeowners whose Electronic Funds Transfer box is checked in their record on the Mortgage/Payment Information screen will appear here. To exclude a homeowner from a transfer, uncheck the Inc. check box next to their name on this screen. To permanently remove them from electronic transfers, uncheck the Electronic Funds Transfer check box in their record on the Mortgage/Payment Information screen and delete the EFT grouping from that homeowner.
Due (Date)	Entry	The date on which the homeowner's next payment is (or was) due. The default is calculated based on the homeowner's payment history. This date will be in the past if the homeowner is behind on their payments. Otherwise, it should be the first of the current or upcoming month, depending on whether the homeowner has made their payment yet for the current month.
Paid (Date)	Entry	The date on which the electronic transfer, and therefore the payment, is made. The default is the date entered in the Date Paid field in the Set Values pane.
Amount (Payment)	Entry	The amount the homeowner is paying via electronic transfer. The default is their normal monthly payment.
Principal	Entry	The principal portion of the homeowner's electronic payment. The default is their normal monthly principal payment.
Escrow	Entry	The escrow portion of the homeowner's electronic payment. The default is their normal monthly escrow payment.
Other	Entry	The Other debt portion of the homeowner's electronic payment. The default is their normal monthly Other debt payment.
Late Fee	Entry	The portion of the homeowner's electronic payment to be applied toward late fees. The default is $0. If the electronic payment is being applied toward late fees, you must enter the amount manually here.
Notes	Memo Entry	Notes about the specific homeowner's electronic payment. If you enter a note in the Notes field in the Set Values pane, the Notes field in the payment line is automatically filled in with that note.

Buttons

Set All - Clicking this button checks the Inc. (Include) check box next to all of the homeowners in the list.
Clear All - Clicking this button unchecks the Inc. check box next to all of the homeowners in the list.
Post - Clicking this button posts all payments for the homeowners whose Inc. check box is checked.
Cancel Entry - Clicking this button cancels the electronic transfer entry you were making.
Close - Clicking this button closes the Electronic Funds Transfer screen.