To create a Vendor Payment:

  1. Log into your RazorpayX Dashboard.

  2. Navigate to Menu → Vendor Payments.

  3. Click + Invoice.

  4. Click Upload File and select the required invoice.

  5. Check details in the following fields. Some of these details are pre-populated from the uploaded invoice.

    1. Invoice Date

    2. Invoice Number

    3. Description

  6. Click Next.

  7. Select an existing vendor or add a new vendor. To add a new vendor:

    1. Click Add a New Contact

    2. Enter  the following details:

      1. Vendor Name

      2. Phone

      3. Email

      4. TDS Category. This TDS rate is applied whenever this contact is selected

      5. Payment Terms. This is the number of days you have to pay the invoice once it is issued to you.

      6. Click Create Vendor

  8. Select an existing Fund account or add a new fund account. To add a new fund account:

    1. Select the fund account type. This can be Bank Account or UPI

        • For Bank Account enter Account NumberIFSC and Beneficiary Name

        • For UPI enter the UPI ID

    2. Click Create Fund Account

  9. Review the payout details. This contains the following fields:

    1. Due Date

    2. Subtotal

    3. Total Amount

    4. TDS Category

    5. TDS Calculated

    6. Amount to Vendor

  10. Click:

    1. Save and Close to make the payment later.

    2. Proceed to Pay to make the payment immediately.