Adding the Financial Information (Global)

Owned by Chellie Esters
Last updated: Nov 01, 2024 by Anastasia Medovkina
6 min read

Note that financial information is currently unavailable for the EU countries. 

Adding your Financial Information in Provider Automation ensures that you can do business with ServiceChannel clients. Here, you can manage pertinent financial information that clients need for operational purposes and that need for invoicing and collecting payment faster and easier. 

On the Profile Overview page, click View Financial Information. 

Section 1: Financial Information 

Financial information consists of completing Remittance for invoicing, Sales Tax registration, Tax, and Banking. This section is visible to clients who invite you into their Private Network.

Remittance

⦿ How to Add a Remittance Location
  1. On the left navigation menu, click Remittance. The Remittance page opens.

    Remittance
    The remittance location has been auto-filled with your company headquarters information.

  2. (Optional) Click Edit to update the remittance location information if needed. In the overlay that appears, make necessary changes, and click Save.

    You cannot delete the only remittance location. The Remove button is disabled unless you add another remittance location.

  3. Click Add a Remittance Location.
  4. Enter your Business Name, Address, Phone, and Email, as required, and then click Save. The remittance location is listed on the page.
  5. Repeat steps 3–4 for every remittance location.

Sales Tax

⦿ How to Add a Sales Tax
  1. On the left navigation menu, click Sales Tax.
  2. Indicate whether you do or do not collect and remit sales tax.
    1. To collect and remit sales tax:
      1. Click Add a New Tax Record.

      2. Enter a Registration Number and select a State/Province from the drop-down list.

        If your states/provinces are not listed, click Assign Trades to States to complete assigning your trades to regions.

      3. Click Add. The tax record lists on the page.


      4. Repeat steps 2.a.i–2.a.iii to list all sales tax records.

        Sales Tax

    2. To indicate that you do not collect sales tax:

      1. Click I don't collect or remit taxes.

Banking

The banking section of Client Requirements is used to collect information, so a client can pay you for work done in Service Automation. Only clients that enroll in ServiceChannel’s Payment Manager will use this requirement. 

You can have only one banking record setup for each country.

⦿ How to Add Banking Information
  1. On the left navigation menu, click Banking. The Banking page opens.

  2. Click Add Banking. The Banking Info overlay appears.

    Complete the required fields on the Banking Info overlay and click Save

  3. Complete all the required fields, and click Save. 
    Your banking information has been added to your profile.

    Your banking information has been added

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