Setting Payment Priorities for Contacts

  • Updated

This functionality is designed to help you manage payments more effectively and ensure that funds are allocated according to your specific needs when processing disbursements. By the end of this guide, you will be able to set payment priorities for each contact and understand how these influence payment orders during disbursement processes.


Assigning Payment Priorities

Each contact in your system can be assigned a payment priority that determines the order in which they are paid during disbursements. By setting these priorities, you can better manage your financial obligations and ensure critical payments are made first.


Accessing Contact Details

To begin assigning payment priorities:

  1. Navigate to the Contact's Details tab of the chosen contact.
  2. Scroll down to locate the Payments section within the tab.
  3. Click on the dropdown menu to reveal available Payment Priority options.
  4. Select the desired priority level for this contact.
  5. Confirm your selection by clicking Save.

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Understanding Payment Prioritization During Disbursements

When you process disbursements, the system will automatically organize Creditor/Supplier payments according to the assigned priorities. This helps streamline the process and ensures payments are made in an order that aligns with your business strategies.

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