Configuring your payout explanations
Immediately after connecting to GoCardless you will be on the configuration page. You can also click the button on the GoCardless account page to go to the configuration page.
Here you can set:
- income category;
- when to charge VAT;
- an invoice starting reference;
- whether FreeAgent should email your invoices.
You can also set a nickname for this GoCardless account. This defaults to the email address on your GoCardless account, but you might prefer to use the name of the product or service people are paying you for. This nickname is only used on DoubleAgent's pages; it doesn't affect any of the explanations DoubleAgent puts into FreeAgent for you.
- you sell an online product called My First Product;
- UK customers pay 20% VAT;
- for EC customers the reverse charge scheme applies.
Furthermore, you want the explanations in FreeAgent to require your manual confirmation (in FreeAgent it's easy to filter for "Marked for Approval" transactions). And finally, you want DoubleAgent to email you when it explains a payout.
You would set this all up as follows:
We always recommend clicking the Dry run button to check DoubleAgent will do what you would expect.