welcome to Evolution Cloud accounting training videos hi I may've your artificial intelligence video educator in

today's video we will show you how easy is for your customers to pay your invoices using pinch payments pinch

is a payment automation platform that will allow your business to offer a wide range

of flexible payment options to your customers some of the payment options available in pinch a credit

cards direct debit and progress payments thanks to a seamless two-way integration in with zero that makes it unique amongst

its competitors pinch payments allows your business to automate the collection of both one off and variable recurring invoices

allowing you to save time chasing your debtors and increasing your cash flow Paul Allen director at pinch payments

will step you through the following features how customers can pay one or multiple invoices

online using the pay now button how the pinch payments clearing account Works in zero

and how to reconcile the deposit payment from the bank feed screen let's it started welcome to pinch payments let's

check out how easy it is to take payments online using pinch now the first thing you're going to notice

is the standard pay Now functionality and if you've used any online payments tool you'll know how this works but

let's take a look here we have a few invoices in the demo company that are awaiting payment

will select the first one I'm going to print this one locally but you'd usually send this off

to the client when they receive their email and they look at their invoice you can go ahead and View

and pay online now they can see the details of the invoice and click pay now

now this should look pretty familiar if you've used the payment solution before but just so you know you can

see the details of the invoice and you can pay by credit card or bank account with the option

of remembering your details for future payments to be for now let's just enter in a one-off payment there we

go we've added our details and let's make the payment down here you can see

the payment has been paid and we're done with this for now and if you refresh the invoice

you can now see it's been paid with an amount U of 0 now one of the

other benefits of pinch is that you can come into your chart of accounts and we

have a clearance account which shows the outstanding amounts or the amounts in flight between

pinch and yourself now this should always round out 20 once you've been fully paid and we'll check

that out in a second let's fast forward to see what happens when these funds reach our bank account to

find out which payments have been settled to our bank account let's head over to the settlements tab here we've

traveled a couple days later and we can see that the net amount of 710

which invoices this was for and how many fees we paid with this as mentioned before we

can come over and refresh our clearance account and we can see that there is

a counter line for the fees and account aligned for the settlement amount as well we've also added

a matching Bank transaction line so when the money physically hits your account all you need to

do is hit okay thank you for watching if you are watching this video from

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