After a report has been scheduled for payment, authorization is required to release the funds for payment to be initiated. Only Administrators can authorize the release of funds. This guide will walk you through the process of authorizing funds release for Reimbursements.
Authorizing Funds Release for Reimbursements
All payments scheduled for the same date are consolidated into a single batch. This method combines multiple scheduled payments into a single withdrawal transaction from your Float Cash balance or connected bank account.
Please Note: Paying from your connected bank account is only available to Professional and Enterprise plan customers. Essentials plan customers can only payout Reimbursements from their Float cash balance.
How to authorize funds release:
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- Login to app.floatfinancial.com as an Administrator
- Navigate to Reimbursements > Payments
- Select a payment batch or individual report and click Authorize CAD/USD funds release. This authorizes all payments in the payment group schedules for the same day
- Rescheduling or Unscheduling the payment will unauthorize the payment