Steps to Repay Quickly:
Locate Invoices Owed to Quickly:
Go to the Bills page via the left-hand sidebar.
Use the Due to Quickly filter to find invoices payable to Quickly.
Select Invoices to Pay:
Choose one or more invoices to repay. Selected invoices will appear with a black outline.
Click the Review button at the bottom of the screen to review the selected invoices.
Submit Payment:
On the review page, select your payment method.
Click Submit Payment to complete the transaction.
Record Payments in Your Accounting System:
Go back to the Bills page and locate the paid invoices.
Click the More Options (3 dots) menu on the paid invoice and select Push Repayment Entries to update your accounting system:
Marks the bill payable to Quickly as Paid.
Records discounts earned in selected accounts (e.g., "Revenue - Other").
Records fees incurred as Expenses (e.g., "Bank Charges").
How Repayments Work:
Clearing the Payable: The new bill created during the vendor swap is marked as paid.
Recording Financial Impact:
Discounts reduce the total payment amount and are recorded as income.
Fees are added to the total payment and recorded as expenses.
Next Steps:
With repayments complete, ensure your financial records are fully updated by monitoring payment entries and tracking remaining balances. Learn more about vendor swaps here.