Dashboard Features of Inward FX 2.0 - December 2023
- Peter Johnson
- Dec 11, 2023
- 2 min read
In the previous dashboard, users had to create payers for their clients, assigning each a distinct Virtual Bank Account Number.
By transitioning, the company now has a single Virtual Bank Account Number. This drastically reduces the effort for the user since they no longer have to add a payer, generate a unique bank account for them, and create an invoice based on that.
Note: Virtual Bank Account Number - This is where the payers will send their payment.
What are the updates to Inward FX Dashboard 2.0?
To simplify your end-to-end transaction process, the dashboard has been redesigned with a fresh look and experience.
The 'Add Payers' section from the prior dashboard, as well as its process, has been eliminated in order to prevent the formation of several virtual accounts for each payer.
Once you have logged onto the dashboard, the following new features will be visible:.
The Dashboard Tab now enables you to upload your invoices.
On the Dashboard Tab you can also handle summaries and activities associated with the invoices.
From the Dashboard Tab, you also have the option of cancelling an invoice if it is no longer an Active Invoice.
The View Button shows all information pertaining to Active Invoices, including Invoice number, Reconciliation Amount, and Receivable Due Date.
The View Button will also provide information on the Payout status of single or multiple withdrawals related to the same invoice.
The dashboard featuring a single view will provide current information about the invoice with one click.
You can review prior deposits to your US Virtual Account in a table format.
A filter option has been provided here to help make it simpler to view the deposits based on the dates.
It is now possible to get the reports in Excel form.
You now have the capability to upload an invoice connected to an incoming payment without having to create 'Payers'.
What is the procedure for uploading the invoice?
You must upload the following documents:
You may pick from existing vendors or choose 'Others' to add fresh info about a vendor.
You can now utilize the functionality to monitor the reconciliation status for individual invoices.
What is the process to follow for keeping track of reconciliation status?
Also, it is possible to obtain FIRA for each reconciliation/withdrawal by downloading it.
The Statement section has been newly updated, enabling you to filter statements with multiple choices for every reconciliation state. Moreover, you can filter the statements by date and also download the filtered list as an Excel file to use for accounting work.
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