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.

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
  • No intermediary account required to hold funds
  • Payment approvals process
  • Schedule future payments
  • Upload payroll files
  • Upload Xero bill and payroll files
  • Xero Bank Feeds
    • Write Xero statement lines automatically
  • 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