Feature 7

Banking & Payments

Complete payment management with multi-currency support and automatic accounting integration.

What is it?

Complete payment management for both incoming and outgoing money. Track bank accounts, process multi-currency payments, allocate funds to orders and containers, and handle refunds with automatic accounting integration.

app.golify.com/payments-made

Payment made in Golify with allocations and journal entries

Key Capabilities

Bank Account Management

Set up Cash, Bank, Credit Card, and Clearing accounts
Each account can have its own currency
Real-time balance calculated from journal entries
Transaction history per account with date filtering
Running balance view for reconciliation

Payments Made (to Suppliers)

Record payments to suppliers linked to specific orders
Choose payment account (which bank/cash pays)
Support for 4 payment types: Deposit, Cash, Payment, Cut
Mark payments as urgent for priority processing
Refund support for overpayments

Payments Received (from Customers)

Record customer payments linked to containers
Allocate payments to specific container charges
Handle overpayments as unused credits
Process refunds when needed
Multi-currency deposits with exchange rate tracking

Multi-Currency Payments

Three-currency support per transaction
Contact currency (e.g., supplier in CNY)
Payment currency (e.g., pay in USD)
Automatic exchange rate conversion
Exchange gain/loss tracked in accounting

Reconciliation

View all transactions per bank account
Filter by date range for period reconciliation
Every payment linked to its journal entry
Track source of each transaction (order, container, expense)

Business Value

Never lose track of a payment. Every dollar paid or received is linked to its order, container, or expense with automatic accounting entries. Multi-currency support means no manual conversion headaches.

Ready to streamline your operations?

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