Multiple EFT Option

MED e-care is excited to announce that we have a new feature allowing users to add multiple electronic fund transfer (EFT) accounts to a resident in our e-Financials module. This helps users to automatically bill a portion of the statement to more than one payee. This exciting new feature allows user to allocate balances by either percentage or fixed amount. It will improve efficiency and save time. This new feature is available for all our e-Financials users for free.

Setting up the multiple EFT account option

Adding a second EFT account to a resident

Change to the Statements

Setting up the multiple EFT account option

• By default, users can add only one EFT account to each resident. In order to add more than one account, users will have to enable the setting “Allow multiple EFT accounts“ by navigating to Settings > e-Financials > Options 

Adding a second EFT account to a resident

• Navigate to the billing screen under Resident Process and select a resident to add a second account (e-Financials > Resident Process > Billing > Select a resident)
• Click on “New EFT Information” to add a second EFT account 

• Add details for the EFT account and choose from the options “Balance Owing” , “Fixed Amount Only” or “Percentage of Balance Owing” under Maximum Payment 

• For the “Fixed Amount Only” option, enter a fixed amount to allocate 

• For the “Percentage of Balance Owing” option, enter a percentage value to allocate

• On saving, the user can see all the added EFT accounts and their details
• It is recommended to add at least one account as Balance Owing to make sure that all the amount owed is accounted for
• The user can remove an account by updating the end date 

Change to the Statements

Each EFT transaction is shown as a separate line on the statements