Integrate with Current Account
Integrate RazorpayX Payroll with RazorpayX powered Current Account for easier transactions.
You can integrate your RazorpayX - Current Account with Payroll integration to make transactions and reconciliation easier.
RazorpayX powered Current Account integration happens only on an invite-basis and is done by the Payroll team from the backend.
- To enable the integration, .
- You can integrate your only with Payroll.
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You must have a
. -
Share your Razorpay MID when you request for the integration. You can find this on the
on the top-right corner under Profile.
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There should not be any
Pendingtransactions in the ledger for your organization (Reports → Ledger). You cannot integrate if there are pending transactions. -
There should be no balance in your Payroll account before integration.
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If there is any balance, add the Current Account as a
and to this account. -
Select Reimbursement / No TDS for the transfer.
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The integration process is easy and does not require much effort. However, there are a few things to keep in mind before you request for the integration. They are listed as follows:
Approval Workflows or maker-checkers in RazorpayX provide different permissions to the team members. As such, you might have Transactions Pending for Approval on the Payroll Dashboard.
- If you have enabled on your RazorpayX account, the same is applicable to all transactions originating from Payroll by default.
- The transactions made in Payroll (salary, contractor payments, reimbursements, advance salaries, and compliance payments) follow the Approval Workflow (in terms of both amount and approvers) that you have set up on RazorpayX.
- These transactions are not executed until they are approved from the .
Watch this video to know more about the approval process on RazorpayX.
With the integration, all your transactions will happen via your RazorpayX account. These are visible on the RazorpayX Dashboard under Payouts and Account Statements.
- Every user who has access to your RazorpayX account can view the transactions that originate from Payroll on the RazorpayX Dashboard.
- All transactions, like salary transfers, contractor payments, reimbursements, salary advances and compliance payments, among others, are visible on the RazorpayX Dashboard.
Once your RazorpayX powered Current Account is integrated with Payroll:
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Your RBL Current Account balance replaces the Payroll Account on the Payroll Dashboard, as shown.
You will see the balance of the current account.
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Your Payroll Account becomes non-functional.
Watch Out!
Do not transfer any funds to your Payroll account after the integration since you cannot access this account.
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All your transactions and payments from Payroll will now happen from your Current Account.
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For your employees, your company name reflects on the bank transfer narrations.
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You do not have to transfer funds between multiple accounts.
You can choose to remove the integration between Payroll and RazorpayX powered Current Account.
Watch Out!
The integration can be disconnected only when there are no Pending transactions in your Payroll account. If there are Pending transactions, then wait to clear them before disconnecting the accounts.
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