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How to pay a contractor

We will run through how to pay a contractor that's included in your disbursements when they have funds in their supplier account.

PS Support avatar
Written by PS Support
Updated over 7 months ago

Objective:

This article guides you through the process of paying a contractor using mid-month or end-of-month disbursement via the ABA file in Property Stack.

In this Article, You Will Learn How to:

  • Navigate to the contractor's profile to verify payment details

  • Ensure contractor balance is available for disbursement

  • Generate an ABA file for contractor payments

Step 1: Verify Contractor Payment Details

  • Log in to your Property Stack account.

  • In the left-hand menu, click on icon to expand the options.

  • Select "Contractors List" and click on the contractor’s profile you wish to pay.
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  • Ensure payment details are correctly filled out. Click "Edit Profile" if any details need to be updated.

Step 2: Ensure Contractor Balance

  • Check to see if the supplier has funds in their account

  • Head to Trust > Accounts > Supplier

Step 3: Navigate to Payout

  • Navigate to the "Trust" section in the left-hand menu.

  • Select "Reconciliation" to check if there are sufficient funds in the contractor’s account.

  • Then select "Process funds"

Note: If you haven't cleared disbursements it will state "doesn't balance" like in this example

Step 4: Generate ABA File for Payment

  • If the contractor does not have a balance, they will not appear in the payout list.

  • In the "Payout" section, ensure the mid-month or end-of-month disbursement is selected.

  • Click on "Download CSV" to generate the ABA file, which includes all the contractors due for payment.

Additional Notes:

  • Disbursement Timing: Payments can only be made during mid-month or end-of-month disbursement cycles.

  • Balance Requirements: Contractors without a balance will not appear on the payout screen, so ensure their accounts are funded before the disbursement period.

  • Payment Details: Ensure all contractors have their payment details correctly entered to avoid any payment delays.

Conclusion

In this article, we covered the steps to pay a contractor using the mid-month or end-of-month disbursement method via the ABA file in Property Stack. By ensuring payment details are correctly entered and balances are available, you can seamlessly process contractor payments on time.

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