Settlement accounts are used for depositing of incoming fees and are assigned to a Business. Multiple Businesses can share a Settlement Account if they bank to the same account to allow reporting on financial data in PracSuite and for use for bank reconciliation purposes.
To create a Settlement Accounts, go to Settings > Businesses > Settlement Accounts
Click Add
Customise the Name, Bank Account and Direct Deposit information for this Settlement Account.
Settlement Accounts can be assigned to a Business in the Banking section via Settings > Businesses > Businesses and selecting the Business.
Adding Direct Deposit Details to Invoices
Direct Deposit details can be added to invoices to enable bank transfers into the chosen account.
Open the Settings > Businesses > Businesses page and select your business. Under the Invoice Payment Print Options section enable the Direct Deposit toggle to print the Direct Deposit details on your invoices.
