Paying regulated invoices before the due date

Retailers on a paid subscription can manage their cash flow and payments more easily with the Early Pay feature.

What is Early Pay?

Retailers with a paid Fintech Portal subscription have the option to pay invoices earlier than the due date. This can help keep deliveries on schedule and manage cash flow, which is especially helpful for retailers on a credit system with a distributor.

Learn more about our subscriptions by going to Settings > Plans and Billing.

With Early Pay, you can:

• Schedule same-day payment.
  or
• Schedule a payment from now until one day before the due date.

Invoices scheduled after the daily cutoff of 3:00 pm (EST) will be processed on the morning of the next business day. Funds will be deposited by the end of that day.

💡 If your distributor requests all invoices be paid before the due date, you may want to discuss term options with them.

How to Use Early Pay

⚠️ You must have an Advanced role or higher to edit a payment date. Learn about user roles: How do I add or remove users?

To edit a payment date:

1. Go to Invoices > My Invoices.
2. To choose a payment date, either:
   1. Hover over a row and click the pencil icon, then edit the Payment Date field.
   2. Open an invoice with a Scheduled status, then click Edit Schedule under Payment Information and edit the Payment Date field.
      

      ⚠️ If you schedule a same-day payment, you cannot edit the payment date for that invoice again after saving.
      
      ⚠️ If you schedule a payment between the current day and the due date, you will be able to edit the payment date even after saving the changes.
3. Once satisfied, click Update.

Can I track invoices scheduled via Early Pay?

Invoices that have been scheduled for early payment can be seen in My Invoices, where you can compare the Due Date and Payment Date columns (if Early Pay was used, the payment date listed will be earlier than the due date):

You can also view user activity and scheduling information in Invoice History. Open an invoice and scroll to the bottom of the page:

Once payment has been processed and an invoice's Payment Status changes from Scheduled to Paid, it will also show in Payment Activity.