Invoicing & Finances
Where can I find my unpaid invoices?
You can view all unpaid invoices using the filter available in the Invoicing tab of the Finance section. View all unpaid invoices Go to Finance > Invoicing. In the filter bar, open the Status filter. Select Unpaid. Click Apply. The list will display ...
How do I convert a CSV file to Excel format?
Reports generated by the platform are provided in CSV format. CSV files are compatible with most spreadsheet applications and can be opened in Excel or converted to Excel format (.xlsx) for easier analysis or sharing. Before opening or converting a ...
Is it possible to export my financial data in PDF format?
You can generate a PDF version of your financial data using your browser’s Print function. For a more complete and structured export, the CSV format is recommended. See the following article to learn how to export your data in CSV format: How can I ...
How can I add a provider number to my invoices?
Here are two simple ways to add a provider number to your invoices in Psylio: 1. Through the header and footer settings You can enter your provider number in the Header and footer section of your invoice settings. Add the number to either the ...
How do the header and footer work on my client invoices?
When an invoice is added to a record for the first time The Provider and Notes fields on the invoice are automatically populated with the information set in the Header and Footer section of your settings. You can edit this information directly on the ...
How can I view and export my financial data?
As a self-employed professional, you are required to file an annual income tax return and submit tax reports periodically. Psylio helps you track your income and expenses and export your financial data in CSV format to support your tax reporting. ...
How do I generate a summary report?
In Psylio, you can generate a summary report of your finances for a selected period. This report includes: Income Expenses Taxes Steps to follow From the left-hand menu, open Finance, then select Summary. Select the period you want to display ...
How do I set up compound taxes for my invoicing?
Set up your tax settings To configure the taxes for your practice: Go to Settings > Invoicing. Add your taxes by entering their name and percentage. Compound tax option If your province uses a compound tax, you can enable it by selecting the option ...
What happens to the financial records when I delete a client record?
Deleting a client record in Psylio does not impact financial records. According to the law, all financial data, including client payments, must be retained for 7 years. Therefore, even after deleting a record, client payments remain recorded in your ...
How can I mark an invoice as paid and send the receipt?
When payment is received, you can mark an invoice as paid and send the receipt, either during invoice creation or later, directly from the Invoicing tab in the client’s record. Option 1 — Send the receipt when creating the invoice If payment has ...
How do I invoice a guardian?
The Contacts section of a profile allows you to save information about parents, guardians, or any other person associated with a client or a student. It is especially useful for managing follow-ups and invoices for minors. Add a contact to a profile ...
How do I record a business transaction?
Psylio lets you record and track your business expenses, as well as income that isn’t linked to invoicing (other income). Set up income and expense categories Before recording an expense or other income, make sure your categories are set up ...
Is it possible to record partial payments?
Yes, partial payments can be recorded on two separate invoices. Here's how: Create two invoices for the same service. Add a line on each invoice to subtract the amount paid by the other payer. Invoice for the first payer (the client, for example): ...
Can I use multiple different rates on the platform?
The platform offers multiple rate options for billing your clients: Set Your Main Rate: Go to Settings > Billing > Information to establish your primary rate. Assign Specific Rates to Clients: For individual client records, open the desired record, ...
Is it possible to do monthly billing?
Yes, you can include several services on the same invoice.
Is it possible to manage third-party payers?
Yes, absolutely! You can manage your third-party payers directly on the platform. Go to Settings > Invoicing > Third-Party Payers in your account. Add the third-party payers you collaborate with to the list. When creating or updating a client record, ...
How do I edit my billing address?
You can change your billing address by creating a new invoice in a client record and editing the information in the field located at the upper right corner of the invoice. However, this information must be edited manually when each invoice is ...
How do I manage tax application for multiple services on a single invoice?
For precise tax management on various services added to a single invoice, Psylio offers a flexible feature. You can enable or disable taxes for each service as needed. Before you begin: If you provide taxable services, set up your billing information ...
Is it possible for a client to pay for a session directly via the invoice?
Unfortunately, this is not possible at the moment. However, if you have a Paypal or Stripe link, you can copy it into the Notes section at the bottom of the invoice and the client can click on this link to make the payment.
Can the platform generate invoices in different currencies?
No, the platform can only generate Canadian currency for now.
How do I generate, send, or print a payment receipt?
Once a payment has been recorded, you can generate a payment receipt to confirm the transaction with your client. The receipt can be sent by email or printed, depending on your needs. Send or print a receipt Follow the steps below to send or print a ...
Why are my revenues recorded according to the billing date and not the payment date?
In the vast majority of cases, your accounting method will require revenue to be recognized according to the date on which the service is rendered and not according to the date of payment. This is known as accrual accounting. According to the Canada ...
Can I delete an invoice?
It isn’t possible to delete an invoice, whether it’s paid or unpaid. However, you can mark it as cancelled in just a few simple steps. How do I cancel an invoice? Open the client record and go to the Invoicing tab. Locate the invoice you want to ...