Vendor payment details are the banking and payment information used to send payments to a vendor through ApprovalMax Pay.
Payment details are linked to a specific vendor and can be selected when creating Batch Payment requests.
Please note: It is important to grant user permissions to allow access to the Vendor Details section.
In the Vendor details section, you'll see a list of vendors synced from QuickBooks Online. Vendors with payment details configured can be used for payments in ApprovalMax Pay.
Adding a Vendor's payment details is required before payments can be sent to a vendor.
The information required for vendor payment details includes:
Bank account country
Account currency
Vendor country
Payment method
Entity type
Depending on the selected country, currency, payment method, and entity type, you may also need to provide additional information, such as:
Account number
Routing number (e.g., ABA code, BIC/SWIFT, etc)
Company name
Vendor address details
Other payment-related information required to process the transfer
If you add new or change/remove existing Vendor payment details, it will be reflected in the audit trail.