Tipalti Streamlines QuickBooks Online Integration for Accounts Payable

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Tipalti streamlines the complete end-to-end accounts payable workflow and integrates directly with QuickBooks Online. Tipalti automates the entire payables process by cutting the time to onboard and pay vendors, processing bills and reconcile payments. All of this means you can focus your time on growing your business instead of concerning yourself about payables.

As a leading global payable automation platform, Tipalti has now integrated their supplier payments automation solution with Intuit’s QuickBooks Online via the QuickBooks App Store. The Tipalti integration allows vendors, bills and payment details to all be synced with QBO to streamline this new AP automation. GL accounts for bill coding, standard payment terms, departments and locations are all synced between QuickBooks Online and Tipalti.

You will also have the necessary permissions available to fully control who can perform which tasks within Tipalti and also sync the integration with QuickBooks Online. 

Tipalti is the only cloud-based global payables solution that enables users to automate their entire global accounts payable workflow, making it easy to execute multi-method bill payments across 109 countries and 120 currencies, while providing real-time payment status and reports that streamline reconciliation directly within QuickBooks Online.

Chen Amit, Co-Founder and CEO of Tipalti said, "Tipalti's integration with QuickBooks Online brings businesses unprecedented automation, control, and visibility of their global accounts payable workflow." He went on to say, "With Tipalti, QBO users now have a true 2-axis solution, offering the highest quality software and service capabilities for their AP requirements, as well as global payment capabilities."

Tipalti allows you to easily take control of the payables workflow from invoice approval and payment to reconciliation inclusive of payment details and audit trails. In fact, you can even take that control of your AP processes from your mobile device.

  • Supplier on-boarding with a secure, self-service, online portal that reduces data entry on your part.
  • Immediate access and visibility for suppliers into their submitted invoices and payment status, as well as history, even allowing them to see their updated profile information at any time, from anywhere.
  • Supplier regulatory and tax compliance by collecting and verifying tax forms (W-9, W-8 series, VAT, tax ID, etc.) and screening every payment transaction against OFAC and international blacklists. This reduces the users tax penalty risk by validating tax form data for painless 1099 and 1042-S tax preparation. In fact, Tipalti's tax module is KPMG-certified for FATCA compliance.
  • Automated payment status communications with suppliers via branded, customizable email communications.
  • QuickBooks Online users can even enable early payment offers to suppliers allowing them to get paid earlier than their original net terms without negatively impacting working capital.

Cutting the 'manual work' from your accounts payable process using Tipalti can save you as much as 80% of the time associated with the typical AP work cycle, allowing you to scale your business instead of your business processes. Those of us involved in accounting or business consulting know that all of our clients want to spend more time on 'doing business,' and less on 'doing their business.' In fact, as accountants, bookkeepers, consultants and ProAdvisors, we are no different. Tipalti goes a long way in helping us accomplish that. 

Peter Cafaro, Senior Accountant at Button told us, "With this new QBO integration, Tipalti has eliminated the chore of accounts payable, our team can now close our books faster, giving us the visibility we need to adapt our strategies. The time savings is being put back into our business and growth plans."

By automating the accounts payable process using Tipalti integrated with QuickBooks Online, users can streamline one of the most tedious and mundane tasks in any business. Users will not only spend far less time setting-up their vendors and dealing with vendor changes, but also can make certain that they are compliant when it comes to tax reporting requirements.

From that point, Tipalti really simplifies the payment process by not only greatly reducing, or totally eliminating, manual entry of AP vendor bills; as well as dealing with the ever-growing complexities of global payment requirements. Let's face it, more and more small-to-medium businesses are now reliant upon suppliers around the globe for their products, and those suppliers expect payments that are convenient to them; meaning, in their home currency and without the hassle and extra costs of some payment methods. Tipalti fully meets your needs and requirements in all of these areas.

Regarding Tipalti, Alex Barnett, Director of Intuit’s Developer Groups, said “For Intuit QuickBooks Online users looking to reduce their workload related to managing and executing supplier payments, particularly on a global basis, Tipalti’s platform offers unique advantages.” Barnett when on to say, “by addressing the comprehensive payables workflow, ranging from supplier on-boarding, to bills, tax compliance, global remittance, early payments, and AP reporting, Tipalti helps close the loop while simplifying payment reconciliation within QuickBooks Online.”

If you are a growing small business, or a mid-market company, with complex Accounts Payable that seem to be consuming all your time, especially if your AP involves global suppliers, you definitely should check out Tipalti and their QuickBooks Online integration. You will find them on the Tipalti webpage in the Intuit QBO App Center, or the Tipalti homepage.

Be sure you also stop by the Tipalti booth in the exhibit hall if you will be attending QuickBooks Connect. And while you are there, consider joining Tipalti's referral partner program which is designed for ProAdvisors, Accountants and Bookkeepers.

Interested in learning more about AP Automation? Check out this ebook - Achieving Peak Efficiency with Tipalti and QuickBooks