Traditional invoicing and accounts receivable methods are inefficient with manual tasks, delays in invoicing and posting payments, plus time-intensive collections efforts with little insight. That’s why VersaPay focuses exclusively on the invoice-to-cash process and offers its cloud-based, intelligent AR solution, VersaPay ARC™. This eBook will detail 6 ways VersaPay ARC will transform accounts receivable for your business.
In the digital world, B2B transactions are constantly changing. The manner in which transactions are initiated and conducted have to improve as the pace of business moves faster every day.
With VersaPay, you can upload multiple transactions. See below to follow the step-by-step instructions.
To create a batch file, start by opening an Excel file with the following column names.
Once the information has been entered into the spreadsheet, save the file as a .CSV (also known as Comma delimited).
These columns can be left blank if needed because they are not required fields, however the column name does need to be present otherwise the file will not process. Do not delete any of the column headers; the format of the file must remain as is.
If there are numbers with leading zeros, e.g. for any of the banking information, you may notice that the zeros disappear causing problems with the file. You can format the field, starting the leading zeros with an apostrophe (‘) which will allow the cell to retain the leading zeros. For example, 001 is entered as ‘001 to retain the leading zeros.
Multiple Transaction Types:
Each batch file can only contain 1 transaction_type. Please create separate batch files for direct_debit and direct_credit transactions.
Do you like the sound of getting get paid faster and improving customer satisfaction? If so, you’re ready for accounts receivable automation.
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