How Do I Set up the Post Screen to Automatically Record the Amount of Escrow Funds Received?

How Do I Set up the Post Screen to Automatically Record the Amount of Escrow Funds Received?

There is a setting in darwin Cloud that allows the system to automatically record payments received from the escrow account separately from other commission funds. To turn on this setting:

  1. Click Settings
  2. Click Setup
  3. Click application settings
  4. Select Escrow
  5. Set "Escrow Held auto-populates in the Amount $ field" to True
  6. Click save

After the setting is turned on, use the following steps when recording payments on the Properties > Post screen

  1. Check Write Escrow check paid to Company for Commission
  2. Check Record payments received?
  3. Select multiple payments
  4. The balance of escrow held will populate on the first line of the Record payments received grid, and the balance due will populate on the second line

    • Related Articles

    • How do I Record Commission Deposits Received after the Closing

      Normally, the receipt of commission deposits is done while user is closing a transaction on the screen: Properties > Post. If user doesn't record the commission received at that time, this article will explain how to record the record it later. ...

    • How To Close/Post a Property (Transaction)

      The commission post page in darwin Cloud is where you will close all your transactions. When you click the post button on the Post submenu. Below are the things that will happen upon posting: All the commission income and expenses are posted to your ...

    • Unlock Feature in Post screen

      Click Properties menu Find the pending property using the search button Click Post Double-click in amount column, change amount to $0.00 Hit tab to exit the field Unlock box will automatically be unchecked Click save

    • Property Accounting screen

      the Accounting summary screen shows you everything in one place In darwin Cloud, the new Accounting summary screen shows you every accounting entry that has any connection to your real estate transactions. This one screen has links to every ...

    • How to Post a Property using the Accounting Fields

      Post date for accounting - enter the date of when the property was closed. Direct deposit or Write Checks now - Record the check number in darwin Cloud without printing checks upon posting the property. Choose the bank account from drop-down and; ...