Direct Debit / Recurring Payment Collection (Sage 50)

Discussion in 'Accounts & Finance' started by nabeelqu, May 22, 2013.

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  1. nabeelqu

    nabeelqu UKBF Newcomer Free Member

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    Hi guys,

    Just curious: how do people manage DDs / recurring payments in Sage 50?

    Reason I ask is that my company (GoCardless) is developing some software to make this easy, so just wanted to get a sense of how accountants/SMBs solve this problem already.

    Nabeel

    P.S. We have a preview of the software here in case it is helpful: youtube.com/watch?feature=player_embedded&v=0-4n5x0a9cw
     
    Last edited: May 22, 2013
    Posted: May 22, 2013 By: nabeelqu Member since: May 22, 2013
    #1
  2. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

    12,573 2,338
    Hi Nabeel

    Are you only interested in Sage 50 and no other accounting packages?
     
    Posted: May 22, 2013 By: MyAccountantOnline Member since: Sep 24, 2008
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  3. nabeelqu

    nabeelqu UKBF Newcomer Free Member

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    Hi Nicola,

    Good question - we already have integrations with FreeAgent, KashFlow, Xero & others - our website has a full list (gocardless.com/integrations).

    Specifically interested in Sage 50 as we are introducing software for that shortly..

    Nabeel
     
    Posted: May 22, 2013 By: nabeelqu Member since: May 22, 2013
    #3
  4. David Griffiths

    David Griffiths UKBF Legend Full Member - Verified Business

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    I have one client using a direct debit collection service with Sage. They upload the month's collections directly into Sage as Customer Receipts.

    Unfortunately there doesn't seem to be any way of automatically allocating the receipts to the relevant invoices, so that requires manual intervention. Unless anybody knows different, that is. :)
     
    Posted: May 23, 2013 By: David Griffiths Member since: Jun 21, 2008
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  5. nabeelqu

    nabeelqu UKBF Newcomer Free Member

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    David - we have made something that automatically reconciles payments against invoices. Don't want to advertise here, so PM me for details (the screencast in my original post shows how it works) - also we have a generous referral scheme so if it's suitable for your client might be worth a quick chat.
     
    Posted: May 23, 2013 By: nabeelqu Member since: May 22, 2013
    #5
  6. johndon68

    johndon68 UKBF Big Shot Full Member - Verified Business

    3,380 617
    There are 3rd party import programs that, subject to rules that the user can set up, will import receipts and automatically allocate the the relevant invoices.

    John
     
    Posted: May 23, 2013 By: johndon68 Member since: Nov 2, 2009
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