Vendor Payments

SimplePay provides electronic funds transfer vendor payments feature in which payments which can be partial or full against single or multiple invoices.

Direct Deposit Time Line for Vendors

It takes 4 days to process Direct Deposit. Cut off time is noon daily. For example if payroll is submitted Monday before 12 noon, employees will see payment in their account Friday morning.

 

Multiple Bank Accounts for Vendors

SimplePay provides multiple bank account details for vendors and vendors can select from the followings options provided for their multiple accounts.                          

• No Split in multiple accounts.                             
• Split by percentage in multiple accounts.                          
• Split by fixed amount in their multiple accounts.

                                              

 

No Split in multiple accounts

Fixed amount entered will be deposited in the first account.

Split by percentage in multiple accounts

Split by percentage entered will be deposited in their multiple accounts.

Split by fixed amount in their multiple accounts

Fixed amount entered will be deposited in their multiple accounts.