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How to Send Money and Give Funds Release Approval

  • Updated

This walkthrough covers how to send a payment using Send Money, from starting the payment to giving funds release approval before the payment can be processed.

For a general introduction to Send Money, see: Send Money Overview

 

How to Send Money

  1. Navigate to the Payments page > Select "Send Money"
  2. Either:
    • Search and select an existing recipient
    • Pay a new recipient
      OR
    • Upload an invoice from your device
  3. Add the required payment details:
    • Amount
    • Currency
    • Funding Source
    • Payment Date
    • Payment Purpose
  4. [optional]
    • Upload an attachment
    • Add a memo
    • Select a GL Code (only for QBO and NetSuite connected businesses)
  5. Select "Review" to review the payment before sending it
  6. Once reviewed, select "Submit for Authorization"

Once submitted, the payment will move to the Needs Authorization tab of the Payments page, where an approver will need to give funds release approval before the scheduled payment date. 

Note:

  • If you upload an invoice, Float extracts the recipient's details, payment amount, payment date and pre-fills them for you
  • The maximum attachment size is 20 MB
  • Acceptable file types include:
    • PDF files
    • PNG
    • JPG images

 

Giving Funds Release Approval for Send Money Payments

  1. Navigate to the Payments page > Needs Authorization tab
  2. For batch approval:
    • To approve all Send Money payments in this tab, select the "Authorize All Payments" button below the CSV download button
    • To approve a select number of payments in this tab, use the checkboxes to select multiple payments > Select the "Authorize All Payments" button at the bottom of the page
  3. For single payment approval:
    • Select the "Authorize" button to the right of the payment
  4. The payment will move to the Pending tab, waiting to be processed on the scheduled payment date

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