Tola provides a seamless and efficient solution for scheduling and paying bills, offering flexibility in payment methods and options for both small businesses and their vendors.
This guide will walk you through the process of scheduling bills for payment, including various payment options such as bank account, credit card, and delayed payment through Tola.
Additionally, we'll explore how vendors can choose their preferred payment method, be it a bank account or check.
Here is how it works:
Add a bill to Tola: Add a new bill to Tola, whether by uploading it, manually adding it, importing it, or forwarding it by e-mail.
Check if the bill status is 'Ready to pay': Bills can have a different status, ie. requiring approval.
Press 'Pay': Select the right bill in the 'Draft' and press 'Pay' to start the payment process.
Provide contact payment details: Request or manually provide payment details for the vendor.
Select how you want to pay: Select your payment method, whether that is bank payment (ACH), credit card, or Pay Later with Tola.
Select payment date: Tola will suggest the best time to schedule a bill so it arrives by the due date. You can also select a date by picking the date on the calendar, which will inform you when the funds will arrive to the vendor's account..
When you are ready, press 'Confirm payment'.