Setting up Bank Accounts with Unaric

Depending on the version of Unaric ONE you are using, you can use either Unaric customer IDs or Unaric merchant groups to direct payments collected through Unaric into one or more bank accounts.

If You Are Using Unaric ONE V2.10 or V2.11

If you are using Unaric ONE V2.10 or V2.11, then you must assign each receivables bank account an Unaric customer ID if you want to direct payments collected through Unaric into more than one bank account. By default, only one Unaric customer ID is created for each installation of Unaric ONE. To request additional customer IDs, contact the Unaric Onboarding team.

Assigning your Unaric customer ID to a bank account ensures that:

  • The payment is linked to the correct customer ID.
  • The cash entry is posted to the bank account associated with the customer ID.
Note:

If an Unaric customer ID is not assigned to a bank account, the payment will be collected into the bank account associated with the default Unaric customer ID. For more information, contact the Unaric Onboarding team.

Assigning an Unaric Customer ID or Merchant Group to a Bank Account

To manually assign an Unaric customer ID or merchant group to a bank account:

  1. Click the Bank Accounts tab to display the Bank Accounts homepage.
  2. Locate the bank account you want to manually assign an Unaric customer ID or merchant group for.
  3. Enter the Unaric customer ID for your org in the Unaric Customer ID field, or enter the Unaric merchant group for your org in the Unaric Merchant Group field.
  4. Click Save.

If You Are Using Unaric Payments V2.14 or Later

We recommend that you use merchant groups to direct payments collected through Unaric into more than one bank account. By default, a single merchant group is created for each customer installation of Unaric ONE.

If you are using Unaric ONE v2.14, then the Unaric customer ID does not direct payments into a bank account. However, the ID is retained for reference on each bank account in your org.