Home Forums Money matters getting an employee to authorize payments – best way?

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  • #1000477
    batmann
    Member
    • Total posts: 1

    Hi there,
    i’ve come to a point where I’d like an employee to authorize bank payments of invoices and refunds, instead of me having to do that all the time.
    I saw an option is to add an employee as account signatory – but i’m not sure what the implications are. it seems like a signatory can withdraw money and run off with it. I do trust my employee however it seems like a big security risk.
    is there another way? i briefly read about commbanks commbiz which seems to have a slightly better security system but i thought i’d rather ask someone here who already has employees which approve payments and if you could share what’s a good way to do that.
    Many thanks for your feedback! Cheers

    #1224521
    Paul – FS Concierge
    Moderator
    • Total posts: 3,126

    Hi and welcome to Flying Solo,

    Could you set up some maximums on the Account such that your employee could do the bulk of the transactions and you do the bigger ones?

    Just an idea.

    Cheers
    Paul

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