Payment methods

When creating or scheduling a payment in RPM, you must select a payment method. The following payment methods are available in RPM:

• Check: a check that has been printed through RPM. Checks can be formatted under Utilities > Setup > Check Layout.
• Debit: a debit transaction. This is most often used for an adjustment, such as a bank fee.
• Deposit: a deposit transaction.
• EFT: an electronic transaction. This is most often used for payments that are automatically withdrawn from an account.
• Manual Check: a manually entered check. This is most often used for any handwritten checks or for entering past checks when converting from another system.
• Print: a check that is ready to be printed.
• Transfer: transfers between clients within the same mass bank account. There is no actual bank transaction for this. This moves money between clients within a mass bank account.
• Transfer In: the deposit transaction for a transfer between different bank accounts. The accounts can be for the same or different clients.
• Transfer Out: the payment transaction for a transfer between different bank accounts. The accounts can be for the same client or different clients.
• XEFT: an electronic transaction that can be exported. Export XEFTs to a file using the Export XEFT Transactions screen.

Different screens will allow selection of certain payment methods and not others.