CreDec Virtual Account
For accountants and bookkeepers to deliver seamless services by automating all client accounts payable without access to client money – with real time statement lines – all from the existing client bank.
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CreDec’s User Guide for Xero
Find out how CreDec integrates with Xero.
Read More
Payment Management Features
- Aggregate payment instructions across multiple batches
- Audit trail
- Flag if payee sort and account changed
- Initiate payments from your client's bank account
- Instant payments to supplier/employee
- Multiple accounts and workflows per client
- No access to client bank required
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No intermediary account required to hold funds A virtual account is still required, however it is not required to hold funds. Transfers are initiated from the main bank account to the virtual account and immediately distributed to payees or returned.
- Payment approvals process
- Schedule future payments
- Upload payroll files
- Upload Xero bill and payroll files
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Xero Bank Feeds
- Write Xero statement lines automatically
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Xero Bill Payments Integration
- Automatically pick up changes to pending instructions up until cut off
- Can't change payee sort and account number if Xero direct payment
- Choose dates when payments are made
- Group payments to same supplier across multiple Xero batches (same date)
- Group payments to same supplier in one Xero batch
- Initiate remittance emails to suppliers from Xero
- Instruct payments from Xero
- Cost (from)
- £10.00 / month
- Trial
- No trial
- Free Practice Subscription
- No
- Partner Program
- Yes
- Accounting Software
- Xero
- Data Sync
- Real Time
- Mobile OS Compatibility
- No mobile app
- Head Office
- Edinburgh (UK)
- Offices
- Edinburgh (UK), London (UK)
- Geographies Served
- UK
- Support Channels
- Email, Online Help Centre, Telephone, Web Form
- Support Availability
- 09:00 – 17:00, Mon – Fri
- Training
- Live Online, Self Guided, Vendor Led
- Two Factor Authentication
- Yes
- App Category
- Payment Management
- Client Sector
- Accounting and Bookkeeping, Agriculture, Construction, Contracting Services, Creative Agencies, Education, Engineering, Entertainment, Event Management, Financial Services, Franchising, Government Bodies, Healthcare, IT and Telecomms, Legal Service, Manufacturing, Marine, Media, Motor, Not For Profit, Other, Professional Services, Public Relations, Real Estate and Property, Retail, Sport and Recreation, Technology, Tourism, Trades, Transport, Wholesale