Vendor Payments

Automate everything about paying invoices

Simply forward your invoices to us and we will make them ready for one-click pay, including TDS and bookkeeping.

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KYC

90% of India’s tech startups are
on
RazorpayX

With a foolproof approval process, I am now free from personally managing vendor payments.

Abhishek Jain

Co-founder,

The White Willow

We now receive all invoices directly on the dashboard, and they are ready with details pre-filled. It takes just a few clicks to stay on top of our vendor payments.

Chetan Mahajan

Founder and CEO,

The Mavericks India

Like any startup, we didn't have a large finance team. RazorpayX helped us reduce 70% of time spent on manual tasks, enabling us greater focus on what matters.

Siddharth Maheshwari

Founder,

Newton School

Time is money. Save both with smart automation.

From easy invoice sourcing, auto-deducting TDS, built-in payments, and automated accounting. We have got it all covered.

SOURCE INVOICES HASSLEFREE

Add invoices and track vendor payments, the easy way.

Breakaway from managing invoices manually. Easily add them to RazorpayX in multiple ways.

Forward invoices via email

Let vendors add invoices directly using a vendor portal

Import invoices from accounting tools you use

AUTO-CAPTURE INVOICE DETAILS

Lot of invoices? Say goodbye to manual data entry.

Invoice details are auto-captured with our intelligent OCR, saving you manual data entry. And, never worry about paying twice with our smart de-duplication algorithm.

AUTO-DEDUCT TDS

We deduct and pay TDS. So you don’t have to.

Simply add the TDS category to your vendors and we auto-calculate, deduct and pay TDS for every invoice.

MAKE PAYMENTS

Hold on to cash longer. Schedule payments.

Never miss an invoice and always pay on time – not too early or late. Get payment reminders or simply schedule your payments.

RECONCILE

Auto-reconcile seamlessly

Close your books 2X faster with a seamless sync between your vendor payments and the accounting tools you use.

Easy approvals, seamless collaboration

Sharing too many OTPs with your team?

Get more control of your vendor payments by setting up approval workflows, roles, and permissions for your team. Approve payments on the go!

Spend less time with your Accountant

Give access to everything your CA needs including payments invoices, challans and more.

All-in-one finances built for scale

Gear up to scale faster with a powerful range of solutions.

Not just any Current Account. It's better.

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Smart payouts, anytime, anywhere.

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Corporate cards with 20x limits and spend controls.

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Payroll & compliances in minutes.

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Pay TDS, Advance Tax, GST in 30 seconds.

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Easy integrations with accounting softwares you use.

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Get paid seamlessly with Razorpay Suite.

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Bank smart, scale faster with RazorpayX

Q: What is Vendor Payments ?

RazorpayX Vendor Payments is an end-to-end account payable automation tool. You add, track and make vendor payouts and automate TDS payments on the NSDL website for you to save time and effort.

Q: How can I pay my vendors through vendor payments ?

RazorpayX Vendor Payments makes it easy for you to pay vendors and supplier invoices in 3 easy steps. Once you upload an invoice in the tool, details like invoice numbers, amount payables and due date are automatically captured and recorded in the tool. You will be reminded when it’s time to make the payment. You can instantly transfer funds via NEFT, RTGS, IMPS, and UPI through the dashboard.

Q: How can I deduct TDS ?

You can configure TDS categories either at vendor level or invoice level. Vendor Payments app will automatically calculate the TDS deduction and account payable to the vendor. The TDS deducted at each invoice is aggregated at a TDS category level and will be paid at the end of the month.

Q: Who will make the TDS payment to the government ?

RazorpayX will automatically pay aggregated TDS to the government on your behalf at the end of each month. TDS challans will be available on your dashboard for auditing and tax-filing purposes.

Q: Can I track invoices which are paid through cash and cheque ?

Yes, you can mark the invoices paid as cash/cheque. This allows you to track all your invoices in a single place. You can also choose to deduct TDS, which will be added to the TDS payment due for the current month.

Q: How can I provide details to my CA for bookkeeping ?

You can either provide login credentials for your Chartered Accountant to access the invoices and payments records or take an export of the invoice payments and send them to your CA.

Q: What is accounts payable with example ?

Accounts Payable means when a company owes money to vendors or suppliers for goods and services purchased on credit. Let’s say company X purchases services from company Y. Company Y raises an amount that needs to be paid after 30 days. This amount is recorded as accounts payable by company X, i.e., they have to pay this amount to company Y. The accounts payable process involves receiving an invoice from the vendor, verifying the invoice, adding invoice details to a spreadsheet, calculating and deducting TDS, tracking due date of the invoice, approving payment, and finally updating the spreadsheet.

Q: What are the types of accounts payable ?

In accounting, people often confuse between accounts payable, trades payable, and accounts receivable. Accounts payable is the amount of money a company owes to vendors and suppliers for goods or services. The same amount will be recorded as amounts receivable by the vendor or supplier as they are the ones ‘receiving’ the amount. Trades payable is almost similar to accounts payable with a minor difference that it constitutes the amount of money a company owes for inventory-related goods.

Q: What are the 4 functions of accounts payable ?

The four main functions of accounts payable are receiving the invoice from vendors, verifying the invoice, updating the ledger, and making the payment. The vendor raises invoices for goods and services they provide. The company's finance department verifies the details like company name, purchased order, etc. After that, the payment is made, and the same is updated in the ledger.