Nowadays, finding global contractors is easier than ever. The problem is paying them. From currency conversions to compliance hurdles to simply keeping track of all the invoices you have flying around, it can get overwhelming fast.
With the right tools and processes, you can streamline payments, reduce errors, and ensure your contractors are paid accurately and on time.
In this article, we’ll show you how to view and manage all contractor invoices in one place and make payments, with receipts.
How to pay contractor invoices
Step 1: View contractor invoices
Open the “Administration” tab from the dashboard, then click “Contractor invoices” to access invoice records.
Step 2: Manage invoices
Review and manage contractor invoices categorized as pending, approved, processing, rejected, or paid. Select the appropriate tab, choose an invoice, and approve it if valid.
Step 3: Make payments
Navigate to the invoice payments section, select the approved invoice, and click “Pay now” to initiate payment.
Step 4: Choose payment method
Select a payment method from the available options: ACH direct debit, credit card, or manual bank transfer.
Step 5: View payment breakdown
Review the payment breakdown, which displays amounts in both local currency and USD. Click “Continue and pay” to proceed.
Step 6: Checkout and download file
Complete the checkout process and download a payment instruction file for your financial records.
Step 7: Confirm payment
Copy the provided Reference ID to include in your bank portal’s payment transfer notes. Return to the Multiplier platform and click “Confirm I’ve paid” to finalize the process.
Invoices, paid
Paying international contractors with Multiplier involves one centralized location, where you can survey all the invoices your company is dealing with, and gain insight into what stage of the process they are at. Book a demo and find out for yourself.
