Configure your Mollie-Sage Integration

Once you have connected your Mollie-Sage Integration account with both Mollie and Sage, you need to configure the below settings.

General configuration

Account Code to use for Mollie Fees

On a monthly basis, the integration will auto-create the Mollie Bills (one per currency) in your Sage account. In order to be able to automatically mark this as paid, we need to know the accounting code you want to use for the Fees, on each line item. If you do not have a specific Mollie Fees account, this may sometimes be set as “Bank Fees”.

Tax / Vat Code

Alongside each invoice, we need to let Sage know what Tax/Vat code we need to use. Being financial services this should normally be a zero-rated tax/vat rate. However, you can select the rate which is best suited for your reporting requirements as this may vary according to where you are based.

Send Email Notifications to

Sometimes we may encounter an issue/hiccup with your integration. If we do, we want to make sure we can reach the right person on your team. Input the email addresses we should reach out to in case of an error by separating each email by a comma. For example 

user1@email.com, user2@email.com

Syncing Mollie Balances

Mollie maintains a balance for each unique currency. Each balance is representative of funds that Mollie has received, and/or confirmed as sales, but has not yet settled into your business bank account.

Batch Balance Movements

As you are looking to reconcile your eCommerce transactions, in particular sales and refunds, we understand there are a high volume of transactions that may not individually feed through in your Sage Account.

For this reason, we allow you to batch up balance movements when we are adding transfers.

All Mollie Invoices and Payouts (bank transfers) will still be individual transactions in your Sage account to ensure you can reconcile these easily.

For each balance, the below options may need to be set, depending on which integration mode you have selected.

Control Account 

Set the bank account that you want to receive payments on. Every time you get paid, funds are held on your Mollie balance until they are sent to the bank account of your choice automatically.

Settle To

Every time Mollie makes a pay-out to your business Bank Account we make a transfer to the account to which we are settling. In Sage, this would be your business bank account, where you receive your Mollie Payouts.

Vendor

As we look to post your monthly Mollie invoice, we need to know which Vendor to use for each Currency. We look for pre-existing Vendors that contain the word "Mollie", however, if none exists we allow you to create one dynamically. Due to Sage restrictions, you will need a Vendor for each currency.

This integration is built and maintained by Maze Digital, and by using this integration or opening a ticket you agree that Maze Digital will be processing your information.