RapidPay - BACS Receipting

23/09/2021
Knowledge

How To

RapidPay offers an automated receipting service for BACS payments.

As the service is reliant on your bank data and its connection to LEAP it takes on average 2 business days from the time the transaction appears on your statement to the time that it is imported/automatically receipted within LEAP.

How It Works

Once your bank data is imported to LEAP, RapidPay scans your bank data for the 12-digit reference number that your client has entered within the narrative of the deposit. This takes on average 2 business days from the time the transaction appears on your statement to the time that it is imported/automatically receipted within LEAP.

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Once RapidPay has recognised the transaction, the following duplication checks are run on the matter to ensure the receipt has not already been manually created by you:

A receipt for the same amount on the same date (or soon after) has not been created against the invoice or anticipated client deposit;
The invoice has been set to ‘Final - Printed/Sent’;
There is a balance due on the invoice.

If the RapidPay system concludes that the receipt has not yet been created, a receipt is automatically generated and emailed to the debtor listed on that matter.

If the RapidPay system concludes that the receipt has been manually created, no action is taken by RapidPay.

Last Modified Date

23/09/2021 5:44 am

Title

RapidPay - BACS Receipting

URL Name

Automatic-BACS-receipting-UK

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