Hi everyone, I am so excited to share the news. There now is a brand-new QuickBooks feature inside of QuickBooks Online – QuickBooks Bill Pay.
If you have been looking forward to bill pay directly inside of QuickBooks Online and offered directly by QuickBooks, today is your lucky day.
CLICK HERE to learn more.
Setting QuickBooks Bill Pay
Inside QuickBooks Online when you go to your expense tab you are going to see your bills dashboard.
From there you will enter a bill and when you save you can schedule the payment. Once you hit the schedule you will be prompted to set up QuickBooks bill pay.
You will have to enter your bank account and choose how you want to pay, ACH or check.
The next step is to enter the vendor information. You also can send out that bill with a tag or note stating the date it will arrive.
An email confirmation will then be sent to the vendor.
Subscriptions
Another cool thing is QuickBooks Bill Pay is offering three subscription levels. Bill Pay Basic, Premium and Elite.
Basic doesn’t have a monthly subscription, you will get five free ACH payments, anything over that five you will be charged 50 cents, you also can pay by check for $1.50 per check.
Premium will give you 40 ACH bill payments, anything over will still be 50 cents and $1.50 check.
Quickbooks Bill Pay Elite Subscription Features
Elite offers roles and permissions and workflows. This is for those working with larger clients and juggling multiple team members. There are various types of roles and permissions available inside of Elite.
You can take advantage of the various roles and create workflows for those roles.
Example of Setting Roles in Bill Pay
There is an option for a Clerk who would be entering the bill, then you would have an Approver who can go in see the details and approve it, then there is the Scheduler who will go in and send the funds.
There also is an Admin user who would have access to all of the functions. The entire process is available and visible to the admin.
All of this is brand new, super cool and there is so much more information to come on this and I cannot wait to share it with you all.
Liz Scott is a multi-business entrepreneur working to bring together technology and accountants through her business, Liz Scott Consulting. A member of Intuit Trainer/Writer Network, she authored and taught Master level courses, including Advisory Guides and Consulting Tools for Accountants. In addition to Liz Scott Consulting, she also owns Accounting Lifeline, a firm to serve small businesses with their financial needs. Liz is a co-host of the "Appy Hour," which helps other accountants learn about the different tools and apps for small business needs. Holding a high passion for real estate investment, she owns properties throughout Oklahoma.
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