Transactions: How to Post ProCollect Payment

Created by Paul Hoffman, Modified on Fri, Jul 19, 2024 at 2:48 PM by Paul Hoffman

ProCollect is now depositing the Collections Payment into your property’s bank account instead of issuing a check. Please follow the steps below on How to Post a Third Payment to the Resident’s Ledger.

 

ProCollect Monthly Statement

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  • Enter your credentials and click on the “OK” button.

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  • Click on the “Monthly Statement” button.

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  • Monthly Statement Screen
    1. Click on the dropdown box and select your property name.

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  1. In the “Statement Month” section – the most current statement will be defaulted.
    • If you need a prior month’s statement, click on the dropdown box and select the appropriate month.
  2. Click on the “Create Report” button.

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  1. The report will load, click on the pdf document “Monthly Statement PDF”.

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  1. Download and/or Print the Document to record the payment(s) in ResMan. 

 


 

 

Post ProCollect Payment in ResMan

Post the Payment to the Resident Collection Ledger:

  • Go to the specific Residents account and then click on the Collection Red dollar amount to open up the next page to process the 3rd party payment.

Go to the specific Residents account and then click on the Collection Red dollar amount to open up the next page to process the 3rd party payment

  • Collections Ledger – Scroll to the bottom of the screen and click on “Post 3rd Party Payment

Click on Post 3rd Party Payment

  • Complete the Post 3rd Payment Screen - Payments Section.  A screenshot of a computer

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Date

Enter the date the payment was scanned

Category

Payment

Description

ProCollect Payment

Payment Method

Check

Reference

Check Number

Payment Amount

Enter the Amount from the ProCollect Statement – Column labeled “Client Fee After Tax” for the specific resident you are working on.

 

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  • Complete the Post 3rd Payment Screen - Collection Agency fee.  
    1. The Collection Agency Fee is the amount listed for the resident on the Monthly Statement from ProCollect.  
    2. Complete the Post 3rd Payment Screen - Collection Agency fee. 

Category

3rd Party Collection Fees

Description

ProCollect Agency Fee

Fee Amount = "Agency Fee" plus "Sales Tax"

Enter Amount

You have now successfully Posted a Collections Payment.  Now we need to close the bank deposit we just created. 

 

Close Bank Deposit

  • Click on Accounting, then Transactions
  • Then click on “Create Deposit Batch.”
    1. This link can be added to your Quick Links for easier access.

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  • Create Bank Deposit Screen

Bank Account

Select your Account number (typically Operating)

Description

“Use batch number” should be check marked

Amount

Enter the total amount from Monthly Statement "Client Fee After Tax column."

 

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  • Scroll down to your Name and click on the radio box for the Payments that we are depositing.

Scroll down to your Name, and click on the Payments that we are depositing.

  • Scroll to the bottom of the page.
    1. Click on the Documents tile.
    2. Click on the “Add” button and upload the ProCollect Monthly Statement.
  • Now, click on Create Deposit Batch, to close the batch.

Scroll to the bottom of the page.

Click on Create Deposit Batch

  • Confirm Deposit Batch pop-up.
    1. Click on the “Yes” button

Confirm Deposit Batch pop-up

Click on Yes button


 

 

  • Click on Print Batch Detail to download the batch.

Click on Print Batch Detail to download batch

  • Save the Batch to the computer.

Save the Batch to the computer.

E-mail the Original batch (the payment you reversed) and the next batch to your Accountant to let them know that this was a correction to the original batch.  

They will now be able to complete their Bank Rec. :)

  • E-mail the batch to your Accountant to let them know you have deposited the ProCollect funds. 

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