Payment allocation and managing G accounts
| Feature | General availability online | Public preview |
|---|---|---|
| Payment allocation and managing G accounts | Apr 2025 |  Mar 2025 |
Business Value
Enhances payment processing by enabling tax and social security allocation, ensuring compliance with country-specific financial regulations.
Feature Details
This feature enables the allocation of payments into distinct categories, such as taxes, social security costs, and service fees. In countries like the Netherlands, legal and regulatory requirements mandate the separation of these payment components when compensating (sub-)contractors. By introducing new payment allocation entries, this update allows users to distribute amounts based on predefined rules, ensuring seamless direction of funds to the appropriate recipient accounts.
For more information about allocating payments over multiple bank accounts, refer to the Introducing Payment Allocation article.