To create a Vendor Payment:
Log into your RazorpayX Dashboard.
Navigate to Menu → Vendor Payments.
Click + Invoice.
Click Upload File and select the required invoice.
Check details in the following fields. Some of these details are pre-populated from the uploaded invoice.
Select an existing vendor or add a new vendor. To add a new vendor:
Click Add a New Contact
Enter the following details:
TDS Category. This TDS rate is applied whenever this contact is selected
Payment Terms. This is the number of days you have to pay the invoice once it is issued to you.
Click Create Vendor
Select an existing Fund account or add a new fund account. To add a new fund account:
Select the fund account type. This can be Bank Account or UPI.
For Bank Account enter Account Number, IFSC and Beneficiary Name
For UPI enter the UPI ID
Click Create Fund Account
Review the payout details. This contains the following fields:
Amount to Vendor
Save and Close to make the payment later.
Proceed to Pay to make the payment immediately.