With FINSYNC you can easily change how you pay a particular vendor at any time from within your FINSYNC profile. To do so, you will follow the simple steps outlined below:
1. Mouse over Payments in the top menu and select Vendors.
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2. Use the search bar to locate the vendor you want to update. You can also navigate through the rows to find the vendor. Once found, select the name or row of the vendor.
3. Select the Payment Method tab.
4. From the Payment Method drop down menu, select the desired payment method that you prefer for this vendor.
ACH Bank Draft: You would select this option if you already have your vendor's email and banking details (Account number and Routing number).
FINSYNC-mailed check: Checks will be sent to the address specified on the Vendor tab. Click HERE to see what your vendor receives.
Email: If you do not have your vendor's banking details, the recipient will receive an email regarding the payment. They must accept the payment & choose how they want the money deposited (ACH or Paper Check).
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5. Select Save.
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NOTE: These steps can be repeated at any point in time to change the Payment Method for vendors that in your FINSYNC profile.
Related Articles:
How to Track 1099s for Vendors
How to Attach Receipts to Payments