Ad Hoc ACH [U0134]

This update works in conjunction with PAP/Pre-Authorized Payments, a separate optional module of LeasePak. This update will allow the user to request an ad hoc payment through the LeasePak PAP/ACH functionality.

The user will be able to view the PAP setup fields for the given lease, but not edit them; only the Ad Hoc ACH Amount and Ad Hoc Eff Date are accessible. The user can edit the other PAP/ACH fields for the lease through Miscellaneous Billing Info [U0227].

 

This screen allows the user to enter the lease number for which the ad hoc ACH payment is requested. Enter the Lease number and click Select, or click to access the LeasePak Client Search function for a list of valid lessees and their respective leases.

 

Field Descriptions

PAP

Display only; to change the value of this setting for the lease, use Miscellaneous Billing Info [U0227].

• No - Disables PAP for the lease, except for ad hoc ACH.
• Yes - Enables PAP for the lease.
• 1 - Processes the PAP for the lease as though the portfolio-level field PAP/ACH Current Payment Only was set to 'Y', regardless of the actual portfolio setting.
• 2 - Processes the PAP for the lease as though the portfolio-level field PAP/ACH Current Payment Only was set to 'N', regardless of the actual portfolio setting.
• 3 - Processes the PAP for the lease as though the portfolio-level field PAP/ACH Current Payment Only was set to 'O', regardless of the actual portfolio setting.

Eff Date

Display only; to change the value of this setting for the lease, use Miscellaneous Billing Info [U0227]. The value does not affect ad hoc ACH.

Account

Display only; to change the value of this setting for the lease, use Miscellaneous Billing Info [U0227]. Must be filled in for ad hoc PAP.

Inst ID

Display only; to change the value of this setting for the lease, use Miscellaneous Billing Info [U0227]. Must be filled in for ad hoc PAP.

Act. Name

Display only; to change the value of this setting for the lease, use Miscellaneous Billing Info [U0227]. If needed, change the PAP account name for the lease. If you are using WDE format, this name will appear in place of the Lessee name on both the interactive and End of Period Preauthorized Payments. Otherwise, this field is informational only.

Ad Hoc ACH Amount

To use Ad Hoc ACH, the lease's portfolio must have a bank file layout type of 'ACH', 'BM1', 'RB1', or 'TD1'. PAP can be set to 'No' for the lease, but the Account and Inst ID fields must be filled in. Type an amount for the Ad Hoc ACH and an effective date. Once you have saved the ad hoc request, Preauthorized Payments (either the interactive [U0304] or the End of Period [U0425] module) will process the ad hoc request like a normal PAP request.

If you schedule an ad hoc request to run on the same date as the lease's normally scheduled PAP, the ad hoc request will override the lease's normal PAP for that date. For batch payments, if no open invoices exist after processing the payment from an ad hoc PAP, Batch Payments will process any additional payments according to your LeasePak overpayment settings.

Ad Hoc Eff Date

Required for Ad Hoc ACH. Type in any valid date from the Commencement Date to the Maturity Date of the lease.

 

 

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