Vendor Pay Automated Bill Payments

It gets confusing fairly quickly, but first you need to choose whether you want to get paid, pay bills or both. Then, under each scenario there is a choice of two tiers.

Second, you must review the generated invoice and approve it for electronic sending. You are able to customize all invoices to your, or your customers, specific needs. Bill.com is a cloud-based online business payment platform that works with top accounting applications such as QuickBooks, Xero, Intacct and NetSuite. The only things I found missing were some of the setup tools in the settings, like document templates and user roles. But the actual data entry and transaction pages translate well to the small screen.

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Finding the answers you are looking for with Bill.com is still a bit of a challenge. There is no phone support, so the main support option is a support form submitted via live chat, which is staffed from 5 AM-6 PM PT, Monday through Friday.

• When I try to set a vendor up for ePayment, I no longer have the option of finding them by their name+email, now it’s only by their Vendor display name.
• Sub-customers and credit memos are also supported, and Bill.com provides an audit trail for receivables similar to the one in payables.
• Be sure to revisit the pricing section to understand which features are included with each Bill.com plan.
• It’s time to let the computer take over and give the human a break.

The bill will be routed to the appropriate employee for approval and payment. I could have paid with a credit or debit card, via direct bank ACH payment , or by using PayPal or Bill.com’s Vendor Direct virtual card. I could even have made the payment by wiring the money if the vendor was located in one of the more than 130 countries that Bill.com supports. Almost instantly, the site pulled the invoice, due dates, and amount, dropping them in the correct fields on a Bill.com form. I selected the vendor I’d created from a drop-down list and added a description and account.

Complete the Vendor Pay enrollment page to receive a verification email.

Plate IQ extracts and digitizes invoices down to the line-item, allowing you to drill down into your client’s spending by GL account, category, line item, time period, and more. Rob bill.com pricing Clymo has been a tech journalist for more years than he can actually remember, having started out in the wacky world of print magazines before discovering the power of the internet.

When you log in for the first time, Bill.com requires that you complete a multi-factor authentication process by entering a code sent to you via phone or text. You must also verify your email before you can start the setup process. Bill.com https://www.bookstime.com/ is a cloud-based platform and does not require installations or downloads. It is compatible with most devices that have an internet connection and an up-to-date browser. Bill.com also has mobile apps for both Android and iOS.

You can earn rewards on payments made to your suppliers when you use your American Express® Business Card1.

Bill.com’s extra costs and fees are typically small and accrued on a per payment or transaction basis. For example, receiving and sending payments via ACH costs $0.49/transaction. These fees can add up quickly if your business receives or sends out a high volume of payments this way. The program is ideal for mid-to-large-sized businesses that process a lot of bills — or need a strong approval process for bills — and use existing accounting software such as Xero or QuickBooks. Businesses that want to use the Bill.com platform sign up via a monthly subscription.

The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. So to summarize, they ignore your text request for 3 days, and then give you the best option of a call 4 days later. Who knows if the person on phone support will even be able to help. Guess I’ll write some paper checks for this billing cycle. Sync for Commerce simplifies how commerce and payments providers integrate with accounting… The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z.

What kind of company is Bill.com?

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