Syncing bank transactions

FloMembers can automatically update payment details for open invoices. Payment data can be imported into the register from the bank account either fully automatically or by manual transfer.

The imported payment data can be viewed under Invoices > Transactions.

If a payment has already been paid in full, but a payment transaction with the same reference number is subsequently imported into the system, these transactions will be listed as 'duplicate'. The administrator should check these transactions under Invoices > Transactions > Manual clearing needed and ensure that they are processed. For example, the administrator can manually change an amount that has already been paid.

Also, payments made with the wrong reference number will not be applied to the correct invoice and should be manually marked as paid.

Automated Web Services integration

This feature allows payment data to be updated from the banks to FloMembers fully automatically.

The data is transferred from the bank with a delay. Even if the payment appears in the account, it may not yet have been imported into FloMembers. Batch transfer data are only created by banks after the banking day. Payments are collected from banks at the end of the day.