I have received an advanced deposit on pending funds. Will this affect the Estimated Remittance Report or the Anticipated Deposits on the Dashboard screen?
Schools can sometimes request an early transfer of pending payments. This can only be done if there are pending payments and if there is enough to cover the $150 transfer fee. Once an advanced deposit is completed, we will document the amount on the next funds transfer, under Amount Withheld. If the advanced deposit consists of pending funds originally scheduled for the next two remittances, then you may not have any funds actually transferred on the regular remittance dates until Blackbaud Smart Tuition withholds the total of the Advanced Deposit.
The Remittance Reports will still show all the payment details and withholdings.