FINSYNC uses its own payments engine to withdraw funds from your bank account(s) in order to make payments to both your employees and vendors. These transactions are automatically tracked in the FINSYNC Pay Report.
In order to access the Pay Report for payment tracking, follow the steps outlined below:
1. Click Payments from the top menu.
2. Click Bills from the lower left hand menu.
3. Hover over Reports on the right and select FINSYNC Pay from the drop down.
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4. The report defaults to the current calendar month, but you can change the dates as needed by adjusting the period.
Each payment consists of at least one draft and one bill. If you pay multiple bills on the same day, you'll have one draft that corresponds to multiple bills.
The column headers have the following meanings:
| Column Header | Definition |
| Draft Date: | The date on which the money is pulled from your account. |
| Draft Amount: | The amount pulled from your account (this may be multiple bills) |
| Bill Amount: | The amount being paid on that single bill |
| Vendor: | The recipient of the payment |
| Vendor Bank Account: |
The account where the money is being deposited if paid by ACH. Note: For security, only the last 4 digits are visible. If the vendor is being paid by check, nothing will show in this column. |
| Bill #: | The ID of the bill in FINSYNC |
| Payment Date: | The date that the check/ACH is issued to the vendor |
| Reference: | This column will simply show "ACH" if the bill paid by ACH. If paid by check, the number of the FINSYNC Pay check will be present |
| Cleared Date: | If paid by ACH, nothing will be present in this column. If paid by check, the Cleared Date is the date the check clears into your vendor's bank account |
Related Articles:
Sales Tax Tracking & Reporting in FINSYNC
What Your Vendors See When You Pay Them
How to Save Card Details for Receiving Future Payments