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RapidPay - Setting Up Options

  • 23/09/2021
  • Knowledge

How To
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Your RapidPay options are able to be easily set up following the below guides:

Watch the video below for information on setting up RapidPay Settings in LEAP.

Display the Person Responsible on Receipts

 

You can automatically display the name of the person who created a receipt on all RapidPay receipts.

  1. Click the LEAP Menu > Other > RapidPay Settings.

    The RapidPay Settings will open in a new window.

  2. Select the role of Receipt made out by from the drop down list. This person will appear on all RapidPay receipts.

  3. Click Save.

RapidPay receipts will display the name of the selected person.

Email Notifications on Payment

 

You can set up email notifications to a nominated person(s) within your firm to receive payment notifications and daily summaries of all RapidPay deposits (Office and Trust) processed by RapidPay.

  1. Click the LEAP Menu > Other > RapidPay Settings.

    The RapidPay Settings will open in a new window.

  2. Enter the email address of the people who will be notified when a RapidPay payment is made, in the Payment Notification Recipient Email field.

    If you're entering more than one email address, make sure they're separated by a semi-colon.

  3. Click Save.

The business day after a RapidPay payment is made, the selected people will be notified by email.

Settle Tax Invoice Transactions to Trust Account

 

You can elect to receive (and receipt) all RapidPay transactions to your trust account.

  1. Click the LEAP Menu > Other > RapidPay Settings.

    The RapidPay Settings will open in a new window.

  2. Toggle on the Settle tax invoices to trust account.

  3. Click Save.

Mobile Notifications on Payment

 

You can set up mobile notifications to a nominated person(s) within your firm to receive payment notifications of all RapidPay deposits (Office and Trust) processed by RapidPay.

  1. Click the LEAP Menu > Other > RapidPay Settings.

    The RapidPay Settings will open in a new window.

  2. Toggle on the nominated person(s) who will be notified when a RapidPay payment is made, in the In-App Payment Notification Recipients section.

  3. Click Save.

Set up a GL Tax Code

 

Sometimes the GL tax code may be incorrectly set up, resulting in RapidPay receipts not being created. For example:

LEAP set to Accruals and Tax Code set to GST on IncomeCorrect - no GST Collection results (was taken up at the time of invoicing)
LEAP set to Accruals and Tax Code set to BASEXCLUDEDCorrect - no GST Collection results (was taken up at the time of invoicing)
LEAP set to Cash and Tax Code set to GST on IncomeINCORRECT - GST duplicates
LEAP set to Cash and Tax Code set to BASEXCLUDEDCorrect - GST is taken up only once, at the application of a Credit Note

Therefore, either the tax code N-T (when using MYOB) or BASEXCLUDED (when using Xero) is the correct setting. To set up your client credits:

  1. Click the LEAP Menu > Settings > Application Settings.

    The LEAP Application Settings will open in a new window.

  2. Click Accounting > under General Ledger > Account Codes.

  3. Scroll to the bottom and under Client Credits section, select the correct option from the drop down list.

    Use the information in the above table as a guide.

  4. Click Save.

Last Modified Date
23/09/2021 12:51 pm
Title
RapidPay - Setting Up Options
URL Name
Setting-your-RapidPay-options

Resolution
Exclusive IntegrationsRapidPay

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