Payments - Future dated remittance
Be able to send a remittance for a future payment. Currently you can only send remittances a day after the payment has been made when the bank feed has been updated. We have suppliers who wont process our payments without a remittance meaning we run the risk of our account being stopped or alternatively we have to generate a remittance using word which is just duplicating work.
You should be able to generate a remittance for any payment set up and not have to wait 24 hours after the payment is released form the bank account.
Laura Bailey
shared this idea
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Zlat Masalkovski
commented
Probably easier to show - feel free to email me at zm@batchly.io and I’ll run you through it.
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Derek Newman
commented
Sorry, I meant payment and remittance ….. not reconciliation ….. process
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Derek Newman
commented
Zlat, I would be interested to know in detail how you have setup the payment and reconciliation process. This would be very helpful.
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Zlat Masalkovski
commented
Agree Derek. The gap here is remittance being tied to bank reconciliation instead of the payment run itself.
We’ve been sending remittances instantly as part of the payment run, so suppliers get it straight away. happy to show how it works.
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Derek Newman
commented
This is a feature I have requested many years ago. When making payments for multiple invoices the supplier needs to wait until the next day for a remittance to reconcile the payments in their system. If I forget to send the remittance or am busy and not able to send it I am often chased by suppliers.
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Ellie Siddall
commented
Our clients are requiring us to send a remittance once the payment has been made via the bank. There is a delay before the payment gets to them and this would provide confirmation.
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Aline Gallan
commented
Critical to be able to set up at same time as loading payment.
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Tracy Inder
commented
I agree with Laura. A remittance advice would be more suitable for suppliers at least the day before payment otherwise it is pointless as the payment most probably is already in their bank account. I did consider a word document also but again this would be double handling when perhaps Xero could do this for us.