About Beneficiary Accounts
When using Procore Pay to pay a A Subcontractor Invoice is a request for payment submitted by a business or individual who has entered into a binding agreement with another contracting party. In Procore, a subcontractor invoice is an equivalent term for a payable invoice. An Invoice Administrator is a person or group of people responsible for collecting, reviewing, and creating invoices in Procore. An invoice administrator can be any person in your organization (for example, a project manager, an accountant, or a team of bookkeepers) who have been granted the appropriate permissions to manage invoices on your contracts and/or fundings. Un Contact de facturation est une personne qui s’assure qu’une facture est soumise à un entrepreneur en amont pour paiement. Dans Procore, un contact de facturation est toujours un employé de « l’entreprise sous-traitante » désignée sur un bon de commande ou un contrat de sous-traitance. L’entreprise sous-traitante est la partie responsable de l’exécution des travaux et/ou de la fourniture des matériaux pour un projet. Pour les clients des États-Unis utilisant l’outil Facturations proportionnelles de Procore, ce terme est synonyme de contact de facturation proportionnelle. Dans Procore, un engagement est un bon de commande ou un contrat de sous-traitance. Les deux types d’engagement sont des contrats qui représentent un accord financier juridiquement exécutoire entre deux parties. In Procore Pay, a payee is a specialty contractor who receives invoice payments from a general contractor. Also called a beneficiary. In Procore Pay, a beneficiary account is a bank account where money is held by a financial institution and controlled by the payee. This is the 'Pay To' bank account.
An alternative method for inviting payees to join Procore Pay is also available in the Beneficiaries tab of the Payments tool. With this method, a In Procore Pay, a Payments Admin is a designated Procore user who administers the Company level Payments tool for that company's Procore account. Typically, one (1) or a small number of trusted users are designated to perform the tasks associated with this role. In Procore Pay, a Payments Beneficiary Approver is a user who has been granted permission to approve and manage beneficiary accounts in the Company level Payments tool. Approving a beneficiary account provides payees with the ability to receive payments.
After adding a beneficiary account, a Payments Admin or a Payments Beneficiary Approver for the In Procore Pay, a payor is a general contractor who sends invoice payments to specialty contractors.