Integrate Payouts with Zoho Books
Integrate and Sync RazorpayX Payouts with Zoho Books.
Zoho Books may require more information than originally provided while making a payout. With this integration and the initial configuration, the process of filling up the required details is automated. You can make configurations with
under General and Account Mapping to start. made via your RazorpayX account are recorded as Expenses under Accounting.
You can filter and view the Expenses by:
- Debit Account
- Payment Method
- Payout Purpose
- Zoho Books Account
Each payout appears under Accounting Expenses after it is processed.
- It is first visible under the Categorise tab.
- Once you enter the required information, it moves to the Review tab.
- After you review the payout, it moves to the Sync tab, which means that the particular payout has been synced with your Zoho Books account.
Certain payouts are not synced with Zoho Books due to information unavailability. These payouts show up in the Categorise tab. To provide complete information:
- Click on the entry you want to categoise.
- In the right pane, click CATEGORISE.
- Select your Zoho Books Expense Account and Ledger from the drop-down menu.
- Select the Tax Slab.
The payout moves to the Review tab.
You can automate this process to an extent by setting
. This means that you can select a corresponding Tax Slab and the Zoho Books Expense Account to which you want the payouts, with that particular purpose, to sync.Example:
- Payouts Purpose:
Payslip - Tax Slab selected under Purpose Rules:
12% - Zoho Books Expenses Account selected under Purpose Rules:
Employee Costs
This means, everytime a payout's purpose is recorded a Payslip while making the payout, we automatically sync it to the Employee Costs Expenses Account on Zoho with a 12% Tax Slab. Hence, the payout directly appears on the Review tab instead of the Categorise tab and reduces the manual effort of categorising each time.
Handy Tips
- You can also choose to EXCLUDE the entry. With this, the payout will not be categorised in RazorpayX. It will remain in an intermediatory state and you can categorise it later directly on Zoho Books.
- It is also automatically excluded when the categorisation fails to sync. You can see the Exclude tab to check on any missed expenses on Zoho Books.
If all the information is present, the payout is showed in the review tab. Select the payout you want to review and click SYNC NOW to sync the payout with Zoho Books. You can also select multiple or all payouts in the Review tab and sync them.
The Sync tab has all the payouts that were synced to your Zoho Books account. Select the particular payout to view more details, including the timelines and find them in the right pane. You can also find the sync status of an entry under the Payouts tab.
In case the sync fails, you can either FIX & RETRY SYNC or EXCLUDE the entry. If you choose to exclude, the payout will not be categorised. It will remain in an intermediatory state and you can categorise it later directly on Zoho Books.
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