Streamlining account by unlocking the ability to apply batch payments to your carriers, or a single factoring company on behalf of multiple carriers.
- Begin by navigating to the Accounts Payable tab in the Invoicing section
- Under the Global Search bar, you will see the bar with the list of carrier factoring companies
- Choose the factoring company you want to record your payments for from the dropdown
- This list will consist of all of the carrier factoring companies you have set up for your various carriers
- Once you select the factoring company, you can choose which payments to apply from MVMNT, regardless if they are a different carrier.
- Simply choose which payments you'd like to make and save to apply and sync to QBO.
- Users can set these payment terms on each carrier's Payment Method tab. When you record an invoice for a carrier with a payment term and a discount, the quick pay fee will be deducted from the invoice when sent to QBO and in MVMNT's AP tables
Batch Payment to Individual Carriers
- The process is the same to apply to a single carrier instead of a factoring company
- Once you identify the carrier you want to pay, right click in the AP Table and choose "Record Payment"
- The batch payment modal will appear with your loads for the specific carrier
- Choose the invoices to pay and enter in the payment amount and click save. The payments will be recorded and records will be sent to QBO via our sync.