Connected Banking with Yes Bank

Zoho Books has partnered with Yes Bank to help you pay your vendors quickly. Once you integrate, you will be able to:

Note: This integration can be done only in an India edition organisation.

Let’s consider a scenario to understand how integrating with Yes Bank will help you.

Scenario: Ramesh purchases multiple items from multiple vendors, bundles the products together as a kit and sells them. He pays his vendors online using internet banking and finds it time consuming. So, he integrates his Zoho Books organisation with Yes Bank. It enables him to make instant payments to his vendors directly from Zoho Books.

Prerequisites

Integrate Zoho Books with Yes Bank

Once you have everything that’s mentioned in the prerequisites, you can start setting up the integration between Zoho Books and Yes Bank.

To set up the integration:

Set up Yes Bank Enter details for Yes Bank integration

Your Zoho Books organisation will be integrated with your Yes Bank current account. The status of your current account will be displayed on the screen.

Add the Vendor Bank Account

Before you can start making payments, you must add your vendor bank account details in Zoho Books.

To add a vendor bank account:

Add bank account Enter vendor bank account details

Now, you will find an option to pay via Yes Bank for the bills that you create for this vendor.

Pay via Yes Bank

You can pay your bills faster via Yes Bank using different transaction types. To pay bills via Yes Bank:

Pay via Yes Bank
Transaction Type Description
IMPS This option is best suited if the amounts are lesser than ₹2,00,000 and you want to send it instantly.
NEFT Use this option when you want to transfer large sums of money as it does not have any upper limit.
RTGS Use this option if you want to transfer more than ₹2,00,000.
Fund Transfer Use this option if you’re making payment to a vendor who has an account in Yes Bank.
Payment Details - Yes Bank Payment Details - Yes Bank

The payment will be initiated and you will be notified as soon as the payment is deposited in the vendor’s bank account.

Pay Bills in Bulk

You can pay multiple bills from a vendor at a time. To pay bills in bulk:

Pay bills in bulk - Yes Bank Enter Yes Bank Secret PIN

Make Advance Payments

You can make advance payments to your vendors if you’ve added their bank account details. To make advance payments:

Make advance payments via Yes Bank Enter secret PIN for advance payments

Payment Statuses

Based on the stage each payment is in, the payment will have the following statuses.

Status Name Description
Uncleared The payment is being processed and is yet to be deposited in the vendor’s bank account. It may be due to the NEFT/RTGS payments being initiated on a bank holiday or beyond the bank’s processing time period, in which case, the payment will get cleared on the next working day.
Cleared The payment has been deposited in the vendor’s bank account.

Fetch Direct Feeds

You can fetch direct feeds from your Yes Bank current account into Zoho Books. Fetching the direct feeds allows you to reconcile them with the transactions in Zoho Books. After you’ve set up the integration, you can configure your current bank account to fetch the direct feeds.

To configure your bank account for fetching direct feeds:

Add account for Yes Bank statement Add Yes Bank account

Alternatively, you can add your bank account by navigating to Banking > Add Bank or Credit Card > Yes Bank under Partner Banks.

Once you have set up direct feeds, Zoho Books will fetch your bank feeds directly from your Yes Bank account. You will be able to reconcile the feeds with the transactions in Zoho Books. To reconcile transactions:

Match Yes Bank feeds with transactions

Now, the transactions will be matched with the bank feeds.

Disable Yes Bank Integration

You can disable the integration if you do not want to make payments via Yes Bank or want to change the account details.

Warning: Disabling the integration in Zoho Books will disable it from other integrated Zoho Finance applications as well. Once disabled, you will not be able to track the status of any uncleared transactions. The direct feed integration will also be deactivated.

To disable the integration:

Disable Yes Bank integration Confirm disabling Yes Bank integration
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