SDL Desktop - Escrow and Bond Set Up

Escrow & Bond Set-Up

• Create escrow account
  • Click the Computer Monitor Icon
  • Select – New
  • • Location TAB – verify and LINK
    • General TAB –
      • Account Information
      • Get Next Application Number
      • Manager of Account – Board Secretary
      • Choose Escrow or Bonding Accounts
      • Fill out rest as necessary
      • Account Status
      • IS ACTIVE
        • Fill out Account holder info – tax Payer ID, Account # and starting funds
      • Account number - Fill in Account number (Place anything in this field until you have the actual number from finance
      • Fund Level Warning
      • Select How you want to track fund level. You can select and amount OR a percentage (usually 25%) You cannot select both.
    • Applicant Tab
      • Account Primary Contact Information
      • Finance Officer – Escrow Options – in Tasks
      • Contractor information
    • Deposit Tab
      • Select NEW
      • Deposit Type – Deposit – In deposit total add amount
      • Click Payment – Do payment transaction – Show Receipt
      • Do back to deposit Tab – Make sure date sent to finance and paid date are filled in, then select - Date Paid at Bottom and check off- Then OK
      • Review Notes and Related Tab

• Payments on Escrow Account
  • Go to escrow tab and click computer, then open account
    • Consultant TAB
      • Select NEW
      • Fill in contractor information (Add to Manage Professionals)
      • Deduction Status – Fill in dates
      • Select Deduction is Bulk Rate
        • Invoice number, date and amount
      • NOTE – You can use the “tie” Icon to start a new deduction
• For Funds Letter
  • Request Amount – Due Date
    • Funds Letter – Tasks Escrow Options
• Review Activity & User Report