Setting up Vendors for Payments

Setting Up Vendors for Payments

Before you can pay your vendor via Payments, you will need to fill out the following information for each of your vendors. Refer to the steps below on setting up vendors to receive payments:

1. In Books, navigate to Vendors.
   
   
   
   
2. Review the vendor list and note what is listed in the Payment Method column. If the column is blank (indicated with --), then no Payment Method has been configured yet.
   
   
     
3. Click on the Vendor name, and select the Payments tab. From here, you can select if you are paying with Checkbook or if the vendor is paid outside of Craftable. You can also set the Preferred Payment Date (how many days before the due date of each bill you would like to schedule payment). 
   
   
   
   
   
4. Then choose the Account Type (Business, Checking, Savings), as well as the Payment Type (ACH, E-Check, or Paper Check).
   1. ACH - Enter the Vendor's bank account details for bank-to-bank transfer, or you can send them a request to fill out their details (located at the top of that same window):
      
   2. E-Check - Enter email address for payment. The vendor receives and prints off a PDF check considered legal tender.
   3. Paper Check - Enter address details for payment delivery.
      
      
5. Lastly, you can also list an email to receive payment notifications. Click the blue Update Vendor button when you're ready to save your changes.
   
   
   
   
   
   

Some things to keep in mind

• E-Check is the fastest form of payment; the vendor will have a check delivered to their inbox within 3-4 hours of payment being authorized. 
  
  
• ACH payments generally take 3-4 business days to clear into your Vendor's account following payment being authorized.
  
  
• Paper Checks are mailed within 24 business hours of payment being authorized to the address provided.