These days we have started using online methods of paying for our bills or money transfers from one account to another. QuickBooks is a better way of getting paid and paying bills. The software is capable enough of accepting payments and payment of bills. Here in this blog, we will discuss all the aspects related to the QuickBooks Online Bill Pay method.
The software acts as an online payment gateway between the consumer and the businessman by linking the bank accounts of both and making the payment process easier. The glitch of payments is not omitted by the software as once you synchronize your bills with the software it gets automatically paid and recorded in the software itself, so you won’t pay bills accidentally again.
What scenarios are there related to the QuickBooks Online Bill Pay feature?
You can assign tasks to the software as it will synchronize your feeds in it and later use it when there is bill day. As we know the software is proficient and contains a wide range of invoicing features.
You can even personalize your invoices in seconds, and can even send or schedule with the help of SMS or Email which includes product services or sales tax. Tracking invoices is the best feature that is prebuilt in the software itself so that you can follow up.
Note: For ease of payment, one can use a credit or debit card, ACH payments, Apple, PayPal, or Venmo and can get money four times faster.
Things Become More Simplified with these USPs of QuickBooks
- You can send the payment request quickly.
- Streamline invoicing.
- Payments are directly received in a bank account.
- Stay protected from getting charged back.
- You can boost your cash flow by invoicing advances with no origination fee, late fee, or prepayment penalty.
Here, the deal comes when it’s time to use the software. We are going to state some steps that will help you understand the steps of online payment on this software.
How to use the QuickBooks Online Bill Pay method?
Paying bills is a useful feature for financial businesses to make transactions faster. Here, we provide essential steps to make bill payments and manage bill payments i.e. schedule bill payments.
How does payment processing work?
- US Bill payments are in US Dollars only.
- Payments must be higher than $0.01.
- You only pay bill payments if bills are approved, the permission features are also available in QB Online.
Steps for Using QBO Bill Pay
You can make bill payments to your vendor with your selected payment method which is given below:
Bill service Powered by Melio:
- Select Enter bills from the homepage.
- Adjacently select Schedule Online Payment.
For Mac:
- Select Pay Bills from the homepage or vendors.
- Choose the bill you wish to pay.
- From Methods, select Schedule Online Payments.
- Now select, Pay Selected Bills.
Here are a few steps that will guide you to pay bills online.
- Select the payment method you would like to use:
- Credit card
- Debit card
- Bank account
- Add details of your credit card or debit card. You do need not to fill up the details for the upcoming transactions.
- Ask your vendor what method he/she chooses to receive their payment:
- Standard paper check delivery typically takes 5 to 7 business days through USPS and Fast check which takes 3 business days by FedX (Flat $20 fee).
- You just have to provide the name of the address for the check. The bill service provider will deliver the check on your behalf. Check means services or items are paid on the spot.
- Remitment through (ACH) Automated Clearing House also takes 3 business working days. Enter your vendor’s account number to proceed with the payment.
- You can also schedule a date for specific important payments for instance consider today’s date i.e. 11 June 2023, on this date you want your bill to be paid, and the software will auto-deduct the amount from your account and pay the bill without any error.
- You can review your payments with the help of the software.
- Your bill will spontaneously be marked as paid for the scheduled date.
How to schedule a bill payment?
You can schedule a bill payment in QuickBooks Online bill pay. With this feature, you can schedule partial bill payments or multiple bill payments in one step.
To schedule partial bill payments follow the steps given below:
- In the first steps open the QBO program and log in.
- After logging in choose the bills that you want to pay.
- Now, select Get Paid and Pay.
- Click on the schedule bill payment for the appropriate bill.
- Now, click on the Edit option and enter the amount of payment.
How to cancel a Schedule Bill Payment?
If you want to cancel your planned bill payments, you have to follow the given steps:
Note: You can only cancel scheduled bill payments until midnight on the withdrawal date. This information is sent to your email when you schedule a bill payment.
- First, log in to your QB Online account.
- Then Get Paid & Pay after choosing Bills.
- From the Bill Pay option choose Show Payments.
- After that select the planned bill payments that you want to cancel.
- Lastly, click on the Cancel this payment.
Conclusion
QuickBooks simplifies payment procedures by combining with numerous payment mediums, certifying perfection, reliability, and productivity. We hope that you can use the QuickBooks Online Bill Pay method for making bill payments to vendors. Its ease of access, expandability, and reporting competence make it appropriate for businesses to manage liquidity, track finance, and enhance client’s requirements.
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