Unidentified transactions

Johnny on

I receive a notice from bivio everytime we make a deposit
that requests that I classify the source and type of deposit
or withdraw.

When I go to do that, I am given the option via a drop-down
window to select account transfer, multiple payment, single
payment, or single fee.

I apologize that the answer should be obvious, but I am
unclear on whether it should be sngle fee or payment. And,
if a member pays for two other members, is that a multiple
payment that gets credited to him automatically and I have
to sort out? If so, how do I do it.

Don't worry, once I get going with this, I want ask too many
more questions.

Thanks!

Johnny

iras1 on

In a message dated 12/26/08 16:54:50 Eastern Standard Time, duncanjohnny@bivio.com writes:

I receive a notice from bivio everytime we make a deposit
that requests that I classify the source and type of deposit
or withdraw.

When I go to do that, I am given the option via a drop-down
window to select account transfer, multiple payment, single
payment, or single fee.

Generally, you want either multiple or single payment if the deposit is your members' monthly contribution. Multiple payment allows you to assign all of the deposits that day in a single transaction. This is often easier than dealing with each check separately.

I apologize that the answer should be obvious, but I am
unclear on whether it should be sngle fee or payment. And,
if a member pays for two other members, is that a multiple
payment that gets credited to him automatically and I have
to sort out? If so, how do I do it.

If one member pays for others, you have to sort it out yourself. You'll probably have to delete the entry and enter separate entries for each member.

Don't worry, once I get going with this, I want ask too many
more questions.

You may want to consider using the "penny" method to identify your deposits. See the help files for instructions.

Ira Smilovitz

Johnny on

Thank you Ira for your prompt reply and for your help!

Happy New Year!

iras1 wrote:
> In a message dated 12/26/08 16:54:50 Eastern Standard Time, duncanjohnny@bivio.com writes:
>
> I receive a notice from bivio everytime we make a deposit
> that requests that I classify the source and type of deposit
> or withdraw.
>
> When I go to do that, I am given the option via a drop-down
> window to select account transfer, multiple payment, single
> payment, or single fee.
>  
> Generally, you want either multiple or single payment if the deposit is your members' monthly contribution. Multiple payment allows you to assign all of the deposits that day in a single transaction. This is often easier than dealing with each check separately.
>
> I apologize that the answer should be obvious, but I am
> unclear on whether it should be sngle fee or payment.  And,
> if a member pays for two other members, is that a multiple
> payment that gets credited to him automatically and I have
> to sort out?  If so, how do I do it.
> If one member pays for others, you have to sort it out yourself. You'll probably have to delete the entry and enter separate entries for each member.
>
> Don't worry, once I get going with this, I want ask too many
> more questions.
>  
> You may want to consider using the "penny" method to identify your deposits. See the help files for instructions.
>  
> Ira Smilovitz
>  
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