Setting up an approval flow for outgoing payment on your Moneybase Business account is optional, and available on both the Growth and Enterprise plans. 


Growth plan 

Under this plan, you may select a one tier approval flow by assigning approver permissions to specific users. Approver status can be assigned to more than 1 user. Apart from specifying the approver/s' permissions, Moneybase will also require the account owner to specify values defining the minimum and maximum range that the specific user/s can approve. 


Enterprise Plan

Under this plan, you may avail yourself of a two tier approval flow by assigning approver permissions to multiple users. Apart from specifying the approver/s' permissions Moneybase will also require the account owner to specify the maximum value each specific user can approve. This allows you to customise approver limits for a specific range, including having approvers for higher ranges as required, thus creating a second tier approval level. 


Once the approval function is set up, approver/s with the necessary permissions will be notified to log in to Moneybase and approve payments once these are created.


Kindly remember that:

  • An Approver is a person that is granted the rights to approve a transaction on the account;
  • A transaction requires approval from any of the authorised approvers (excluding the person who initiated the transaction);
  • A payment creator cannot approve his/her own transfer instruction; such instruction can be approved by any of the other approvers; and
  • A payment creator with a self-sign permission can authorise payments up to the specified self-sign limit without approval. If the self-sign limit is exceeded, the payment will need to be approved by another user with approver permissions