Enerbank Financing Guide

Enerbank Financing Guide

Initial Set up: Create Enerbank as a payment method in Serviceminder - see instructions on page 2 for set up. MAKE SURE YOU UNCHECK "PUBLISH THIS PAYMENT METHOD".

Steps:

1. Apply initial deposit on SM proposal. Select “Enerbank” as the payment method and enter 50% of the total for the amount.
2. After the installation has been completed, request the final payment from Enerbank.
3. Upon receiving the final payment from Enerbank, add the payment to your SM invoice. DO NOT ADJUST THE PRICE OF THE INVOICE IN SERVICEMINDER TO REFLECT THE FEE. Have

your bookkeeper adjust the invoice in your Quickbooks to reflect the financing fee.

1. Send the details to your bookkeeper about the Customer, Invoice #, Payment Received, and Enerbank Fee.

Bookkeepers:

1. In QBO, post a payment on the customer account against the invoice for the received amount directed towards Undeposited Funds. The date of the transaction should match the date it was received.
2. Credit the remainder of the invoice in QBO (Enerbank fee amount) to close the invoice and have the credit hit the Merchant Fees account as a finance charge.
3. Once the invoice is closed on both sides, the payment in the received amount should be sitting in Undeposited Funds to deposit into your business bank account. The deposit recording this payment should match the date the payment settled into your bank account and include any other transactions included in the settlement amount (found in your merchant reports from your credit card processor).

Adding Enerbank Financing as a Payment Option

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1. Click on Control Panel

2. Click on Payment Options

3. Click on Add...

4. Type "Enerbank Financing"

5. Uncheck Publish

6. Click on Save

Steps to Pay Invoices Using Enerbank Financing

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1. Get to the contact you are paying the invoice for

2. Click on Invoices

3. Click on Pay

4. Select Enerbank Financing from Payment Method

5. Click on Save