Accounts Payable
Payments
3min
Invoiced simplifies the payment process for approved bills with a variety of payment methods tailored to meet diverse business needs. Once a bill receives approval within your Invoiced account, executing a payment is straightforward and secure, with supported options including Credit Card, Vendor Pay (ACH), ACH Payment File, Print Check, and ECheck.
- Payment Submission: Click on the Pay button for an approved bill. The payment methods available to you are determined by the vendor's preferences and settings within Invoiced.
- Selecting a Payment Method: Depending on the vendor’s configuration, you may choose from existing payment sources linked to your account or add a new one for the transaction.
- Payment Confirmation: Upon submitting your payment, the transaction will be recorded in your account, and the status of the bill will update to Paid, indicating the completion of the payment process.
- Manual Status Update: For payments made outside the Invoiced platform, you have the option to manually mark a bill as Paid. This feature is particularly useful for tracking payments that are processed externally.
- Vendor Notification: It’s important to note that manually marking a bill as paid does not automatically update the invoice status in the vendor's account. Vendors are encouraged to record the payment on their end in Invoiced to ensure accurate and up-to-date financial records.
- Payment Options: The availability of payment methods is based on the vendor's chosen settings, offering flexibility to accommodate different payment preferences and requirements.
- External Payments: For payments not processed through Invoiced, manually updating the bill status helps maintain organized financial records within your account, although communication with the vendor is necessary to ensure they also update the payment status on their side.
Invoiced offers a streamlined and versatile payment solution for businesses, facilitating efficient transactions with a range of payment methods to suit every need. Whether paying directly through the platform or updating the status of external payments, Invoiced ensures a smooth and transparent financial workflow.