Accounts Payable Overview

The Accounts Payable module simplifies the management of outgoing payments by allowing you to schedule and authorise payments either immediately or in advance. It supports individual transactions, bulk payouts, and supplier payments, and also lets you manage and add beneficiaries directly within the module.

Payouts

The Payouts tab is used for creating and managing individual or bulk payments. You can:

• Create single payments quickly.
• Upload multiple payments using the Import Payouts button.
• Track the status of all pending, authorised, and completed outgoing payments.

Best for:

Bulk payouts are ideal when sending funds from one or multiple NoFrixion accounts to various recipients in a single step.

Pay runs

The Pay runs tab is best suited when making payments to multiple recipients in one streamlined process. For example:

• Paying several suppliers in a single batch.
• Handling monthly vendor payments efficiently.

Pay Runs also support invoices in different currencies within a single file, you just need to select one source account per currency