Banking permissions allow users to manage and access the company’s banking and payment information within Factorial. This includes viewing bank accounts, managing payment methods, and overseeing financial transactions related to the platform.

In this article, you’ll learn how to use this permission responsibly to ensure that only authorised users can handle banking information, helping to maintain security and control over your company’s finances.

How to set up your Banking permissions

1. In your sidebar, go to Settings
2. Click on Permissions
3. Select the Banking section
4. Enable or disable the permissions
5. Click on Save changes

Banking permissions

• Categorise a transaction
  
  This permission allows the employees inside the specific group of permissions to categorise transactions with the categories defined at Finance settings.

• Change banking consent status
  
  This permission allows the employees inside the specific group of permissions to manage an employee’s authorisation related to their banking details and payroll payments.

• Confirm or reject a bank reconciliation suggestion
  
  This permission allows the employees inside the specific group of permissions to approve or dismiss a suggested match between a bank transaction and a corresponding record during the reconciliation process.

• Manage payments
  
  This permission allows the employees inside the specific group of permissions to create, edit, process, or cancel payment transactions within the system.

• Read banking consent
  
  This permission allows the employees inside the specific group of permissions to view an employee’s banking consent status without being able to modify it.

• Reconcile a bank transaction with an invoice
  
  This permission allows the employees inside the specific group of permissions to match a bank transaction to a specific invoice to confirm that the payment has been received or made.

• See bank accounts
  
  This permission allows the employees inside the specific group of permissions to view the bank accounts registered in the system without being able to modify them.

• See banking reconciliations
  
  This permission allows the employees inside the specific group of permissions to view completed and pending bank reconciliations without being able to modify them.

• See banking transactions
  
  This permission allows the employees inside the specific group of permissions to view recorded bank transactions in the system without being able to edit or manage them.

• See card payments
  
  This permission allows the employees inside the specific group of permissions to view payments made with company cards without being able to edit or process them.

• See payout bank accounts
  
  This permission allows the employees inside the specific group of permissions to view the bank accounts used for outgoing payments or payouts without being able to modify them.

• Cancel a Factorial card
  
  This permission allows the employees inside the specific group of permissions to deactivate or block a Factorial card to prevent further use.

• Change a Factorial card budget and limits
  
  This permission allows the employees inside the specific group of permissions to modify a Factorial card’s spending budget and transaction limits.

• Change the alias of a Factorial card
  
  This permission allows the employees inside the specific group of permissions to rename or update the alias of a Factorial card for easier identification.

• Change the phone number of a cardholder
  
  This permission allows the employees inside the specific group of permissions to update the phone number associated with a cardholder’s profile. The phone number is used to send possible security codes to the owner of a Factorial card.

• Create a Factorial card
  
  This permission allows the employees inside the specific group of permissions to issue a new Factorial card for an employee or user.

• Deactivate a Factorial card
  
  This permission allows the employees inside the specific group of permissions to temporarily disable a Factorial card, preventing any further transactions.

• Manage bank accounts
  
  This permission allows the employees inside the specific group of permissions to create a Factorial Account for cards or connecting a bank account to Factorial.

• Pay payment
  
  This permission allows the employees inside the specific group of permissions to approve and execute a payment to settle an invoice, expense, or other financial obligation.

• Reactivate a Factorial card
  
  This permission allows the employees inside the specific group of permissions to enable a previously deactivated Factorial card so it can be used again.

• Retry payment
  
  This permission allows the employees inside the specific group of permissions to attempt a previously failed or declined payment again.

• See banking authorisations
  
  This permission allows the employees inside the specific group of permissions to view which users have approved or are authorised to approve banking-related actions.

• See cards
  
  This permission allows the employees inside the specific group of permissions to view all Factorial cards issued to employees without being able to manage or modify them.