Paying Vendors

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Check

  1. View outstanding payments and ensure the balance matches the last journal entry credit
  2. View flowchart below to determine when payment can be initiated
  1. Total Funds Available
  2. Available Credit
  3. Savings

Flowchart

flowchart TB id5("Are #quot;Total Funds Available#quot; > payment total + $5,000?") id6("Is Savings + #quot;Total Funds Available#quot; > payment total + $5,000?") id7("Is Savings + #quot;Available Credit#quot; + #quot;Total Funds Available#quot; > payment total + $5,000?") pay[/complete Gusto payment\] savings[[transfer from savings]] loc[[transfer from savings and loc]] confirm[[wait for confirmation]] wait[[wait 1 day]] id5 -->|Yes| pay id5 -->|No | id6 id6 -->|Yes| savings id6 -->|No | id7 id7 -->|Yes| loc id7 -->|No | wait loc --> confirm savings --> confirm confirm --> id5 wait --> id5

Pay

  1. Click the journal entry amount to see how much each vendor is owed
  2. Add journal entry Subcontractor Payables in Gusto as Wages
  3. Add journal entry Subcontractor Expense Claim Payables in Gusto as Reimbursements
  4. Enter invoice # and use "<MONTH> payment" as the memo
  5. Click "Continue", and then ensure Gusto total amount matches journal entry