Bank account verification and tagged batches - Product News

What's new

• Verification on every bank account. A contract's and an applicant's bank account shows Unverified or Verified, and a verified account names who verified it, when and how (Bank letter, Call-back or Penny test). Changing the account number returns it to Unverified. See Bank account verification.
• Verify. While an account is Unverified, Verify records how you checked it, with an optional note.
• A check before approval. When a batch pays an unverified account for the first time, Approve lists the recipients and waits until you choose how you verified them and tick "I have verified these bank accounts". The accounts then show Verified under your name. A batch with no such payment approves as before. See Review and approval.
• Batch tags. Add and remove tags on a batch's page, and filter Payment Batches by Tags. See Payment batches.
• Create Tagged Batch. With Funds turned on, Create Tagged Batch on Payment Batches builds one Draft batch from every fund carrying the tags you choose, each line showing its fund, and lists any fund it skipped with the reason.
• Clearer bank files. The bank-file dialog says why each payment was left out, including an account whose number changed after the batch was approved. See Exports and bank files.