Feature Article: Payment Processing Overview

Overview

The Payment Processing module in Profitz allows you to manage and record payments to suppliers (creditors) using either manual or electronic methods. It supports both individual and bulk payment workflows, ensuring flexibility and control over how and when invoices are paid.

Payment Workflow Summary

Step	Action	Tool
1	Select invoices for payment	Individual or Bulk Select
1.1	Review/edit selections	Edit/Pay Selection
2	Confirm payment	Pay button
3	Generate/send remittance	Remittance App
4	Create EFT file	Create EFT File App

Payment Methods Supported

• Manual payments (cheques, bank deposits)
• Electronic Funds Transfer (EFT)
• Partial or full invoice payments
• Withholding tax support

Key Apps in the Workflow

• Individual Payments — Pay invoices for one supplier
• Bulk Select Invoices — Pay invoices across multiple suppliers
• Edit/Pay Selection — Adjust invoice selections and payment amounts
• Remittance — Generate and send remittance advice
• Create EFT File — Generate EFT file for upload to your bank

Next Steps

• To pay a single supplier: See How to Process Individual Payments
• To pay multiple suppliers: See How to Process Bulk Payments
• To complete the payment run: See How to Send Remittance Advice and How to Create an EFT File