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It's essential to add the correct bank details in your accounting profile on the Exchange and not in the 'Notes' section of an invoice where our system cannot recognise them. Your customer heavily relies on these details to be correct, and we recommend regularly checking that they are up to date.
IN THIS ARTICLE
- How to add your bank details
- How to factor invoices with a finance provider
- How to edit the information in your billers profile
How to add your bank details
Step 1) Navigate to the 'Accounting' tab.
Step 2) You should see the following instruction: 'Add your bank details to your invoices'.
Step 3) Complete the fields with the correct banking information.
Step 4) If you're using a finance provider to factor your invoices, check the box that says, 'We use an invoice finance provider'. Next, if you'd like to factor every invoice raised on the Exchange by default, check the box that says, ‘Make Invoice Finance the default option for new invoices'.
Step 5) Enter your factoring company’s details and click 'Save' when done.
How to factor invoices with a finance provider
To raise an invoice using the factoring details you’ve added to your biller profile:
Step 1) Check the box that asks, ‘Are you factoring this invoice?’. Checking the box will raise the invoice with the factoring bank details on it.
How to edit the information in your billers profile
If you’ve already added your bank details but want to add factoring details or edit them at a later stage, here's how:
Step 1) Navigate to the ‘Accounts Receivable’ tab and click on ‘Billers’.
Step 2) Click on the ‘edit’ icon to view the biller’s profile.
Step 3) Edit the form as required and click ‘Save’.