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Accounts Payable | Payment Scheduling

Payments queued by due date. MSME-aware. With cash visibility.

Approved bills queue by due date. MSME 43B(h) bills auto-prioritised. ITC-at-risk and TDS holds gate the run. Bank rails (NEFT, RTGS, IMPS, UPI) fire on release. Cash position projected against the next two weeks.

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Payment Scheduling

How it works

From approved bill to bank, with the right gates.

Step 01

Bills queued by due date

Approved bills queue automatically by due date and vendor priority. MSME bills are auto-prioritised against the 45-day window.

Step 02

Holds gate the run

Bills with unresolved 2B mismatches, missing TDS section, KYC gaps or MSME breach surface as held. The CFO sees the held amount and the reason before any release.

Step 03

Cash visibility before release

Bank balance plus projected receipts and scheduled outflows shown for the next 2 weeks. The release decision is informed, not blind.

Step 04

Bank rails fire on release

NEFT, RTGS, IMPS or UPI selected per amount and urgency. Auto-fallback if a rail is down (NEFT outage triggers IMPS where amount allows). Status posts back per UTR.

What the system does

Capability, input, output.

  • Run scheduling

    Input
    Approved bill set + due dates + vendor priority
    Output
    Run plan with line-level priority

  • MSME 45-day prioritisation

    Input
    MSME flag + invoice date
    Output
    Bills approaching 45 days surfaced first

  • Hold engine

    Input
    2B status, TDS status, KYC, MSME
    Output
    Per-bill hold with reason

  • Cash projection

    Input
    Bank balance + scheduled receivables + outflows
    Output
    2-week rolling cash position

  • Rail decisioning

    Input
    Amount + urgency + bank rail status
    Output
    NEFT / RTGS / IMPS / UPI per bill

  • Maker-checker release

    Input
    Run plan + dual-control approver
    Output
    OTP / DSC release with audit trail

Compliance + integrations

Maker-checker as RBI expects, MSME as the IT Act requires.

The release flow respects both RBI maker-checker norms and Section 43B(h) MSME timing. Bank rail selection follows the RBI value bands. The audit trail is hash-chained for Rule 11(g).

Regulations we work within

  • Section 43B(h), Income Tax Act

    MSME bills past 45 days held; disallowance amount surfaced before override.

  • RBI dual-control norms

    Maker-checker enforced on every release; no single user can release a payment.

  • Rule 11(g), Companies Act

    Append-only audit trail across the release decision.

Connects to

  • ICICI Bank Connected Banking API
  • HDFC Bank Connected Banking API
  • Axis Bank Connected Banking API
  • Yes Bank Connected Banking API
  • Kotak Mahindra Connected Banking API
  • SBI Corporate Banking integration

Payment Scheduling FAQ

What buyers ask.

Can a payment be held when the GSTR-2B match is not yet clean?

Yes. Bills with unresolved 2B mismatches surface as held, with the ITC-at-risk amount visible. The CFO can release with an override (audit trail captured) or hold until the vendor or the recon engine resolves it.

What if NEFT is down on the bank side?

Rail decisioning has auto-fallback. If NEFT is unavailable, the system falls through to IMPS where the amount is within the IMPS limit, or queues for the next NEFT window where required. The status post-back captures every retry.

Can we run partial payments?

Yes. Partial payments are supported per bill, with the unpaid balance staying on the bill for the next run. Vendor statement reconciliation handles the partial position.

How does the cash projection work?

It pulls bank balance from connected banks, projected receivables from AR ageing, and scheduled outflows from the run plan. The 2-week view is a rolling projection. CFO can adjust assumptions inline.

More in Accounts Payable

Related features

See your next payment run, with the holds, before you release.

Connect one bank and one entity, free. The next run shows held bills, MSME priorities, ITC at risk and the cash position, all on one screen.

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