00:00: This video demonstrates, how to create, an eCheck or ACH transaction, using CARET
00:04: Pay.
00:08: To begin,
00:10: navigate to the top right toolbar and click the plus icon to open the quick add
00:13: menu.
00:17: Under billing and accounting, select apply direct payment.
00:23: In the apply payment modal,
00:25: choose the payer type.
00:27: The default selection is client, but this may be changed as needed.
00:35: Select the contact providing the payment method.
00:39: and in the payment details section at the top of the modal,
00:42: enter the payment amount.
00:46: The operating account is selected by default as the destination bank account
00:51: and the payment type will be CARET Pay. The
00:57: payment method dropdown displays any pre-saved payment methods, including both
01:02: credit card and bank account options. To
01:06: add a new payment method,
01:08: click add payment method
01:10: beneath the dropdown.
01:14: In the new payment method window,
01:16: toggle from credit card
01:18: to e-check ACH and enter the required account details,
01:23: including account owner, routing number,
01:26: account number,
01:27: account type,
01:29: billing address, and email address.
01:32: The email address will be used to send an electronic receipt.
01:36: Once all required fields are completed,
01:39: click Save.
01:40: After saving, select the newly added bank account from the Payment Method dropdown.
01:43: Use
01:47: the invoice list to allocate the payment as needed. To
01:52: complete the transaction,
01:54: select Apply and New to enter another payment,
01:58: Apply and Print to generate receipt,
02:02: or Apply and Close
02:04: to save and exit.
02:10: In addition to the Quick Add menu, direct payments can also be initiated from the
02:14: accounting module.
02:18: Select Invoices and Payments
02:21: and then click the plus icon in the green banner to access payment options including
02:24: Apply Direct Payment
02:28: and to create a Trust Retainer. When
02:33: creating a trust retainer,
02:35: the payer type defaults to primary client but can be changed if needed.
02:43: Select the paying contact,
02:47: the associated matter, the destination
02:51: account, either operating or trust,
02:54: and enter the payment amount.
02:59: Under payment method,
03:01: select Caret Pay,
03:04: and ensure a bank account is chosen to complete an e-check or ACH transaction.
03:12: If a payment method has not yet been saved,
03:15: use the Add Payment Method option.
03:20: A notes field is required for bookkeeping purposes and should include an explanation
03:26: of the retainer or credit being applied.
03:31: At the bottom of the screen, select Create Retainer
03:34: to process the transaction
03:37: or create and print to process the payment and to generate a PDF receipt.
03:50: This concludes the demonstration of how to complete an eCheck or ACH transaction
03:54: using CARET Pay.