Prerequisites
- You must have a RazorpayX - Current Account.
- Share your Razorpay MID when you request for the integration. You can find this on the RazorpayX Dashboard on the top-right corner under Profile.
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There should not be any
Pendingtransactions in the ledger for your organization (Reports → Ledger). You cannot integrate if there are pending transactions. -
There should be no balance in your Payroll account before integration.
- If there is any balance, add the Current Account as a Contractor and transfer funds to this account.
- Select Reimbursement / No TDS for the transfer.
Points To Remember
The integration process is easy and does not require much effort. However, there are a few things to keep in mind before you request for the integration. They are listed as follows:Approval Workflows
Approval Workflows or maker-checkers in RazorpayX provide different permissions to the team members. As such, you might have Transactions Pending for Approval on the Payroll Dashboard.- If you have approval workflows (maker-checker) enabled on your RazorpayX account, the same is applicable to all transactions originating from Payroll by default.
- The transactions made in Payroll (salary, contractor payments, reimbursements, advance salaries, and compliance payments) follow the Approval Workflow (in terms of both amount and approvers) that you have set up on RazorpayX.
- These transactions are not executed until they are approved from the RazorpayX Dashboard.
Visibility Of Transactions On RazorpayX Dashboard
With the integration, all your transactions will happen via your RazorpayX account. These are visible on the RazorpayX Dashboard under Payouts and Account Statements.- Every user who has access to your RazorpayX account can view the transactions that originate from Payroll on the RazorpayX Dashboard.
- All transactions, like salary transfers, contractor payments, reimbursements, salary advances and compliance payments, among others, are visible on the RazorpayX Dashboard.
Post Integration
Once your RazorpayX powered Current Account is integrated with Payroll:- Your RBL Current Account balance replaces the Payroll Account on the Payroll Dashboard, as shown. You will see the balance of the current account.
- Your Payroll Account becomes non-functional.