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Overview

Your regular bank payments can be handled automatically as reccuring bank payments. Let's say you have to pay rent every month. You can just setup a reccuring payment and the system will create the required payment on the correct dates. In addition, weekly payments can also be automated. Best practice is to have your bank perform a direct debit on a regular basis. Then use a bank reconcilliation rule to import the payment into your system from the bank statement.


If you are not using automated bank reconciliation import or if you can't get the bank to setup a direct debit to handle your regular payment requirement, then you would use this feature to create the payment from inside Readysell.

Setting up the reccuring bank payment

Ensure that you go through your Bank Statement and check that all recurring transactions have been created before you extract a bankrec.

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