Available on February 1st, a new real-time transaction hub provides a single access point to view and manage all of the money coming in and owed to your business. With three new Accounting modules, Invoices, Customer Payments, and Bank Deposits, and a new tool for automatically batching transactions, your team will be able to:
It’s accounting designed for accounting admins and the most efficient way for your team to manage AR, expedite payment collection, and get their work done!
Auto-Batching is designed to reduce the manual labor required to create batches for invoices, payments, bills, credits, and inventory adjustments. You’ll no longer have to individually add and remove transactions from batches, expediting the process!
It’s simple! Assign a start date and establish your batching preferences in your Auto-Batching Settings. We recommend to start with your oldest unbatched transaction date, the 1st of the month, or when you want this automated process to begin. Your batches will begin to show up based on these settings so you can jump straight into your review process.
They work nicely together! You may continue to reference the daily TSYS report for payment batches for your reconciliation workflow. Now, however, you can also see failed payments in the Customer Payments module, so you can follow up on them faster. You can still use the new Auto-Batching for Invoices, bills, and credits.