Banking

Once a batch has been created it can then be exported into an ABA or Zepto format. The ABA files are uploaded into clients online bank services and the Zepto file is "live" with an API feed.

Exporting

In order to export a banking batch, please select the $ Banking tab from the top main menu bar.

Select the batch you wish to export from the list of banking batches located on the left hand side of the screen. Once the selected batch has been selected, you will be able to view it located on the right hand side. On top of the selected batch, you are given two options to export the batch. Export Zepto File and Export ABA File.

• Export Zepto File

This option will export the file in .CSV format for excel purposes.

• Export ABA File

This option will export the file in .ABA format.

Banking Batches

Banking batches are files EasyTrack® generates that are sent to the financial institution, to collect payments in batches. These come in a few different formats, the most used is ABA or Zepto.

In EasyTrack®, all repayment transactions also generate a corresponding repayment record. It allows users to pick which ones they want to batch together. Typically this is "everything since last time" but it allows users to skip some that are being managed, for example when a repayment is in arrears.

Once a batch has been created it can then be exported into an ABA or Zepto format. The ABA files are uploaded into clients online bank services and the Zepto file is "live" with an API feed.

Repayments

Once you have selected the loan, the window will update to reflect the loan details as well as many options to manage your loan. This page is also your loan Summary page, which is your first main menu item.

Select the Repayments option from your main menu located on the left hand side of the page.

This section shows you the repayment details, the arrears status (if applicable) and gives you the option to manually add a repayment to the loan. For Multiple repayment entries, please click on the green + Repayment button.

You also have the option to add in a custom repayment and update the loan accordingly. A list of all transactions for the loan is reflected at the bottom of the page and you can select to bounce any of these transactions if needed.

Reverse / Bounce Repayments

Click on the banking tab in the main menu to be directed to your banking window. Select the banking batch which the repayment transaction is related to, this will load the batch into the window. Once you have identified the repayment transaction which needs to be bounced (reversed), click on the red Bounce tab next to the transaction.

Once you have clicked on the red Bounce tab, a window pop up will appear. Here is where you can reverse the payment. Select the Effective date, the Trancode and the Transaction amount which needs to be reversed and click save.

The reverse transaction or bounce payment will then be reflected in the list of transactions within the banking batch and can be viewed when viewing the banking batch.