How do I set up a payment processor account?
This help guide article explains how to add a payment processor account for payment processors supported by ExpensePlus.
- Find out which payment processors are supported by ExpensePlus here.
- Find out how to convert a payment processor into a payment processor account here.
- Find out how to reconcile transactions for payment processors that are not supported here.
Setting up a payment processor account
This option is only available for supported payment processor accounts. If the payment processor you use is not supported, click here.
- Within Settings, go to Bank & Cash Accounts.
- Scroll down to 'Payment Processor Accounts', and select 'Add Payment Processor Account'.
- In the pop-up that appears, in the drop-down menu for providers, select your payment processor.
- If your payment processor has multiple options for donation methods, you will need to select your default donation method for this payment processor.
- You can enter a custom name. This will be the account name that appears on the bank reconciliation screen.
- You need to enter an account start date or select 'yes' saying that the account existed before you started using ExpensePlus.
- Use the 'Account Access' section to choose which users can access the payment processor account on the bank reconciliation screen.
Paypal, Square, SumUp and Zettle can have an opening balance at the start of your first financial year within ExpensePlus, and this can be entered as part of setting up the payment processor account. To enter it, you need to first select 'yes' to the question 'Did this Payment Processor exist before you used ExpensePlus?'
To better understand the Bank Reconciliation functionality, please watch the module overview video here.