Counterparties

Manage your customers and vendors across entities in a consolidated view.

Counterparties are a consolidated list of your client's vendors and customers. Each counterparty can act as a vendor, a customer, or both.

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The Counterparties tab

Go to Accounting → Counterparties to see a full list of vendors and customers, along with the categories assigned to each one, cash in and cash out totals, and transaction counts.

The Cash In and Cash Out columns include amounts from both transactions and manual journal entries. This ensures any adjustments are included when analyzing period totals.

Use the date filter to analyze inflows and outflows by counterparty over a specific period. You can also filter by entity to narrow the view to a specific entity.

Counterparties are not entity-specific. A counterparty created in one entity is available across all entities.

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How counterparties are created

Kick automatically generates and assigns counterparties when transactions sync from connected integrations or are imported. Kick also syncs counterparties directly from certain integrations:

• Ramp — vendors created in Ramp are synced if you're using their bill pay product

• Stripe and PayPal — customers are synced if you're using either platform to collect payments

You can also create counterparties manually. Click Add new in the top right corner of the Counterparties tab. The only required field is the name. You can also add an email address, phone number, website, and address.

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Updating counterparties

To change the counterparty on a transaction, go to Transactions and use the dropdown in the Counterparty column.

Counterparties can also be assigned in bulk by selecting multiple transactions (shift + click) and pressing v on your keyboard.

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Automating counterparty assignment

You can create Rules to automate counterparty assignment based on any combination of: entity, category, amount, bank description, account, date, or class.

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Reviewing counterparties at close

The Insights tab lets you drill into each category to see all the counterparties included in it — a useful way to spot miscategorized transactions before closing a period.

For a detailed view of vendor spend over time, use the Expenses by Vendor report on the Accounting tab.