Yes, you can pay the vendor from the portal. The payment is made through Electronic Fund Transfer (EFT) and a $0.50 fee applies for each transaction. You need to fill in the vendor’s bank information in the vendor profile. The bank information consists of the Bank code, transit number and account number. This information is available on the bank cheque.
How does it work?
When you record a bill payment, you get two options
1) Online payment
2) Manual payment.
Online payment will give you the option to fill in the vendor’s bank information on the fly. However, if bank information is added to the vendor profile, this section will be auto-filled with that information.
What are the benefits of paying through the portal?
There are a few benefits:
- All of the accounting transactions will be automatically closed
- Avoid printing cheques
Can I pay the utility company?
No. At this point, we do not have the capability to pay utility bills.