Are incoming payments recognized automatically?

Yes. As soon as money arrives in your account, nextesy recognises the payment and assigns it to the matching invoice. You can immediately see what has been paid without having to go through bank statements line by line.

How reconciliation works

• Via the QR reference: If your customer pays via QR-bill, the payment is automatically assigned to the correct invoice using the reference number.

• Via the payment purpose: Even without a QR reference, nextesy checks the payment details and matches them against your open invoices.

• With suggestions: If a payment is not clear-cut, nextesy suggests the most likely invoice. You confirm with a single click.

Also for salaries

nextesy also recognises salary payments automatically and assigns them to the appropriate payroll run. More on payroll accounting.

More about banking

Automatic payment reconciliation is part of banking in nextesy.