Accounts Payable

Pay vendors via NEFT, RTGS, UPI -- all from one screen.

Stop juggling between bank portals. Process batch payments, schedule future disbursements, auto-deduct TDS, and track every rupee in real time -- with dual authorization and a complete audit trail.

Payment Activity
Live
₹4.2L sent to CloudTech
NEFT · 2 min ago
Done
₹1.8L scheduled for DigiServe
RTGS · Tomorrow
Scheduled
₹6.5L batch pending
3 invoices · Approval needed
Pending
This Week
₹12.5L
On-Time
98%
Total Batch
₹4,50,000
Success Rate
99.8%
500+
Payments Per Month
99.8%
Success Rate
4
Payment Modes
Real-time
Payment Tracking
Payment Capabilities

Every Payment Mode, One Unified Platform

From NEFT batch runs to instant UPI transfers, manage it all without switching between bank portals

01. NEFT / RTGS

NEFT and RTGS Batch Processing

Group vendor payments into batches by due date, vendor type, or amount. NEFT handles regular settlements while RTGS processes high-value payments above ₹2 lakhs with instant settlement.

  • Bulk processing -- 100+ payments per batch
  • Auto-select NEFT vs RTGS based on amount thresholds
  • Bank-specific file generation for all major Indian banks
  • Schedule batches for optimal settlement windows
Vendor A · NEFT
₹1,80,000 · HDFC → ICICI
Done
Vendor B · RTGS
₹5,40,000 · HDFC → SBI
Done
02. UPI Batch

UPI Batch Payments

Pay small vendors, contractors, and freelancers instantly via UPI. Supports VPA-based transfers and QR code payments for vendors who prefer mobile-first interactions.

  • Instant payments -- settled in under 30 seconds
  • QR code support for walk-in vendor payments
  • Batch UPI transfers for multiple small-value payments
  • Auto-verify UPI ID before initiating transfer
Batch #UPI-042
vendor@upi ₹24,000
shop@paytm ₹18,500
supply@ybl ₹31,200
03. Scheduling

Payment Scheduling

Plan your cash outflows by scheduling payments for specific dates. Set up recurring payments for rent, retainers, and subscription vendors. Calendar view shows upcoming disbursements at a glance.

  • Recurring payment setup for fixed-amount vendors
  • Calendar view with daily, weekly, and monthly layouts
  • Cash flow impact preview before scheduling
  • Auto-hold if bank balance drops below threshold
Mar 5 · Vendor A
₹1,24,000 · NEFT
Scheduled
Mar 10 · Vendor C
₹2,56,000 · RTGS
Scheduled
Mar 15 · Vendor D
₹89,000 · NEFT
Draft
04. TDS Deduction

Automatic TDS Deduction

TDS is auto-calculated and deducted based on Section 194C, 194J, 194H, and other applicable sections. The system knows each vendor's TDS rate and applies it before payment, generating certificates automatically.

  • Auto Section 194 classification based on vendor type
  • Lower deduction certificate tracking for exempt vendors
  • TDS certificate (Form 16A) generation and distribution
  • Quarterly TDS return data ready for filing
194C · Contractors
₹1,24,000 x 2%
₹2,480
194J · Professional
₹85,000 x 10%
₹8,500
Total TDS this batch ₹10,980
05. Reconciliation

Auto-Reconciliation

Every payment is automatically matched against your bank statement. UTR numbers, amounts, and dates are cross-verified. Exceptions are flagged and routed for manual review.

  • Auto bank statement matching with 95%+ accuracy
  • UTR-based reconciliation for NEFT/RTGS payments
  • Exception handling with guided resolution workflows
  • Reconciliation reports for month-end close
Feb 2025 Recon 98% Matched
186 matched 4 pending review
Security

Bank-Grade Security for Every Transaction

Your payments are protected by the same security standards used by major financial institutions

Bank-Grade Encryption

256-bit AES encryption for data at rest and TLS 1.3 for data in transit. Your payment data never touches an unsecured channel.

Dual Authorization

Maker-checker workflow ensures no single person can initiate and approve a payment. Configurable limits and multi-level sign-off.

RBI Compliant

All payment processes follow Reserve Bank of India guidelines for electronic fund transfers and digital payment security.

Complete Audit Trail

Every action is logged -- who initiated, who approved, when it was processed. Immutable records for auditors and compliance teams.

Payment Processing Questions

Answers to the most common questions about managing vendor payments through OneFinOps

Are there payment amount limits?
Payment limits depend on the payment mode. NEFT has no upper limit (minimum ₹1). RTGS requires a minimum of ₹2 lakhs. IMPS supports up to ₹5 lakhs per transaction. UPI supports up to ₹1 lakh for standard transactions and ₹2 lakhs for verified business accounts. You can also set internal authorization limits based on your company's policies.
OneFinOps supports all major Indian banks including HDFC Bank, ICICI Bank, State Bank of India, Axis Bank, Kotak Mahindra Bank, Yes Bank, IndusInd Bank, and more. We generate bank-specific payment files and support direct API integration where available. If your bank is not listed, contact us -- we add new banks regularly.
Failed payments are automatically retried once. If the retry also fails, the payment is moved to an exception queue with the bank's error code and reason. Common causes include incorrect account details, IFSC mismatches, or insufficient balance. Your finance team gets notified immediately and can fix the issue and re-initiate with a single click.
TDS is calculated based on each vendor's classification (Section 194C for contractors, 194J for professionals, 194H for commission, etc.). The system applies the correct rate based on whether the vendor has a PAN, whether they have a lower deduction certificate, and the cumulative payment threshold for the financial year. All calculations follow the latest Income Tax Act provisions.
Auto-reconciliation runs daily once your bank statements are imported (either via API or manual upload). Each payment is matched by UTR number, amount, and date. Unmatched items are flagged for review. Most teams achieve 95%+ auto-match rates within the first month of using the system.
Get Started

Simplify Your Payment Runs

One screen for NEFT, RTGS, and UPI. Batch processing, auto-TDS, and real-time tracking. Stop switching between bank portals.

No credit card required 14-day free trial Setup in under 10 minutes