VendorPay Bill Cycle

Sonia Marton -

VendorPay is a feature that Snapdocs offers to help you simplify your notary payments.  ACH is the only payment method that we accept for VendorPay.  Snapdocs bills for VendorPay orders twice a month. 

VendorPay bill cycle:

Bill Cycle 1:

The first CUT OFF DATE is the 1st of the month. Any orders that closed since the last bill cycle and before the first of the month will be included in the first bill cycle of the month. In other words any orders that closed between the 15th and 30/31st will be included in the first bill cycle. 

The first INVOICE DATE is on the 3rd of the month. Snapdocs will generate an invoice in PDF and CSV format and email it to the invoice email on file (check out your email settings). You have 2 business days to review the invoice and let Snapdocs know if there are any errors. If there is an order that is not supposed to be billed, please let us know at support@snapdocs.com and we will reopen the order for you. 

The first CHARGE DATE when we debit your account for the invoice amount is 2 business days after the invoice date. Snapdocs will charge your company automatically for the invoice amount. 

Bill Cycle 2:

The second CUT OFF DATE is the 16th of the month. Any orders that closed since the last bill cycle and before the 16th of the month will be included in the second bill cycle of the month. In other words any orders that closed between the 1st and the 15th will be included in the second bill cycle. 

The second INVOICE DATE is on the 18th of the month. Snapdocs will generate an invoice in PDF and CSV format and email it to the invoice email on file.

The second CHARGE DATE when we debit your account for the invoice amount is 2 business days after the invoice date. Snapdocs will charge your company automatically for the invoice amount. 

 

Check out these two sample calendars to understand the bill cycle. Note that February is a little more complicated because of weekends and holidays:

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Related articles:

Using your Accounting Tools VendorPay page to track what orders are being paid

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