How to Pay Vendors from Within Zoho Books
Introduction
We now have the ability to pay vendors bills directly from within Zoho Books! Using our connection with Forte, all we need is a bank account number and a routing number and we are good to go.
The easiest and most secure way to obtain a Vendors Routing and Account number is to simply give them a call!
Locate the Vendor Account in Zoho Books
Add Bank Account Details
In order to pay a vendor from within Zoho Books, you will first need to add the vendor's bank account details. In the vendor's account scroll down until you see "Bank Account Details." Click the + sign to add the details
Add the bank name, the account number, account type and routing number as shown here. Under "Authorization Type," choose "PPD-prearranged Payment and Deposit Entry" as shown below. Then click "Save."
Pay an Invoice
To pay an invoice, click on the "Transactions" tab from within a Vendor record, and click on a bill that needs to be paid.
Under "Record Payment," choose pay via ACH.
Enter the Amount to be paid. Note that the last 4 digits of the bank account number that is connected to the Vendor will be shown and will be selected by default. Once you have entered the amount to be paid, click on "Proceed."
You will be then brought to the "Comments & History" tab for this particular bill, where you will see the payment you have just made.
If you click on the "Payments Made" tab, you will see the status of the ACH payment you have initiated. In 24 hours, the payment should have been deposited into the Vendors Bank Account, and the status will change to "Cleared"
Enjoy!