How to Add a Beneficiary
The Beneficiaries feature in the Accounts Payable module allows you to save and manage payment recipients for faster, more efficient payouts.
Adding a Beneficiary
To add a new beneficiary:
- Go to the Accounts Payable module.
- Open the Beneficiaries tab.
- Click the Add Beneficiary button.
- Enter the following details:
Alias → An name to help you easily identify the beneficiary internally.
Account Name → The name of the destination account.
IBAN or SC/AN → depending on the currency selected, enter the beneficiary’s bank account details.
Defining Beneficiary Availability
When adding a beneficiary, you can specify where they can be used:
- All Accounts (default) → The beneficiary will be available across all NoFrixion accounts when creating payouts, setting up rules, or performing other actions.
- Specific Accounts → Restrict access so the beneficiary is only available for selected accounts. Simply check the relevant accounts during setup.
Editing or Deleting Beneficiaries
After creating a beneficiary, you can edit or delete their details at any time:
- Go to the Beneficiaries tab.
- Click the three-dots icon next to the beneficiary’s name to update their details.
- Use the delete option if you want to remove the beneficiary completely.
Once added, the beneficiary will be readily available for selection within the portal.