Payment proposal
Approved, due bills listed against available cash.
All finance operations services
Finance Operations
Vendor Payment Runs
FinAura prepares your vendor payments in batches on fixed dates: approved bills only, due dates and cash checked, TDS deducted where due, and a batch file ready in your bank portal for you to release. Each vendor gets a remittance advice showing which bills were paid and what was deducted.
- Chartered Accountant-led
- Bangalore and across India
- Reply within one business day
What is covered
What Vendor Payment Runs Covers
The weekly or fortnightly run, start to finish.
TDS
Tax deducted under the right section before payment.
Bank batch
Upload file prepared in your bank portal.
Your release
You or your signatory approves and releases.
Remittance advice
Each vendor told what was paid and deducted.
Posting
Payments recorded against the bills they settle.
How the month runs
How It Works
Propose, check, release, advise.
Step 1
Propose
- Due and approved bills
- Cash position
- Priorities
Step 2
Check
- Bank details verified
- TDS computed
- Duplicates screened
Step 3
Release
- Batch uploaded
- You approve
- Bank confirmation
Step 4
Advise
- Remittance advice
- Payments posted
- TDS for deposit
Your part
What We Need From You
- 01Approved bills or access to them
- 02Preferred payment days
- 03Bank portal access to prepare batches
- 04Changes to vendor bank details, in writing
Our part
What You Get
- Payments on fixed, predictable dates
- TDS deducted and tracked for deposit
- Vendors who know what they were paid
- No payment without approval
A common question
Why pay vendors in runs?
Paying bills one at a time, whenever a vendor calls, makes cash hard to plan and approvals easy to skip.
A fixed payment run, weekly or fortnightly, gives vendors a predictable date, lets you see the total before it goes, and keeps every payment tied to an approved bill.
See accounts payableReleasedBy you, with advice sent
BatchChecked, TDS deducted
Approved billsOnly these are paid
Who it is for
Who It Is For
Companies paying many vendors
Dozens of payments a week.
Founders who release payments
And want one decision a week.
Businesses tight on cash
Payments planned against cash.
Companies with past payment fraud
Bank-detail changes verified.
The rules, in plain English
What the Law Says
MSMED Act, 2006
Sections 15 and 16
Buyers pay registered micro and small suppliers within the period the Act sets; late payment carries interest at a rate above the bank rate.
Official source: msme.gov.inIncome-tax law
Tax deduction at source
Payers deduct tax at source on specified payments to vendors and deposit it with the government, then file quarterly statements and issue certificates.
Official source: incometax.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Vendor Payment Runs: Questions, Answered
Who releases the payment?
You or your authorised signatory. We prepare the batch in your bank portal; we never hold rights to release money.
How do you guard against bank-detail fraud?
Changes to a vendor's bank details are accepted only in writing from a known contact and confirmed independently before the next run.
Do you deposit the TDS?
Yes, as part of our TDS compliance work, the tax deducted in each run is tracked for deposit and the quarterly statement.
Can urgent payments be made outside the run?
Yes, with the same approval and checks, and recorded as exceptions so they stay rare.
Often Taken Together
All 10 Finance Operations services01Finance OperationsAccounts PayableInvoices checked, approved and scheduled for payment with proper controls, so vendors are paid when due and nobody is paid twice.02Finance OperationsBank ReconciliationEvery bank line matched to the books, daily or monthly, with exceptions listed and resolved rather than carried forward.03Tax & ComplianceTaxationGST, income tax, TDS, tax planning and notice replies, from reconciled data.04Systems & ControlsInternal Audit & ControlsInternal audit, controls design and testing, SOP and process implementation.