Make a batch payment
Payments can only be managed by a Principal Broker or Accounts representative on your Company team.
The Batch Payment process is a simple and effective way to manage total payments. It is the only accepted method for payment reconciliation. You are encouraged to pay multiple invoices at once rather than individually – saving you time and money.
Quick tip! Invoices generated by the platform are your invoice. You are required to create client invoices and manage the collection of payment.
Follow these steps to process a Batch Payment:
- choose Finance from your menu bar and then Manage Payments
- select the invoices you would like to add to the batch payment; in doing so, ensure the invoices are all of the same currency
- include your own Payment Reference number if desired
- detail any notes for the payment administrator in the dialogue box named Payment Note, if desired
- select Submit Batch
- record the Batch ID # provided and include it in the reference detail section of your payment transfer
Quick tip! Do you have a Credit or Return Premium Invoice in your account that you need to use? If yes, add these when making your selections in step two above; remember, these invoices if used, must be used in full (the batch has to at least total the value of either of these invoices)
When making payment:
- it is important that you accept any fees. Charging fees to the beneficiary rather than the sender will result in an underpayment as the fees are deducted from the total amount paid.
- payment amount must match the batch payment amount
- ensure you are paying the correct bank account as listed on the invoice
Disclaimer! The Knowledge Centre covers all features of the Glide platform. Some details in this article may not be applicable to your version of Glide.