Say goodbye to handwritten checks and headache, and say hello to simplicity. We are excited to share the features of Bill.com with you! A simple and secure platform to make and receive business payments.
We use and love Bill.com here at MGA, and because of this, we have decided to share its features with you in this demo video.
How can your business benefit from Bill.com?
Bill.com is a business payment platform that provides an easy and secure way to create and pay bills. You can check out our blog post here, where we explain a little more about what it is and how it works.
With Bill.com, you can upload invoices directly into the Bill.com inbox by sending an email to the custom Bill.com inbox address or by scanning and uploading the invoice backup. The platform then allows you to quickly and easily code invoices with up-to-date information synced directly from your QuickBooks Online account.
You can designate one or several approvers to an invoice to ensure the right people are reviewing vendor items before a payment is issued. Employees or other outside parties will have no trouble logging in on their phones or computers to review invoices as they are assigned. They are even able to leave notes on the invoices for others to review if a correction needs to be made. With a simple click of a button, they can submit their approval or denial.
When you are ready to pay invoices, the pay screen will show you what has been approved so you can push that pay button without hesitation. Once a payment is initiated, Bill.com debits the total scheduled payment amount from your account to theirs, so vendors will only receive checks directly from Bill.com’s account. This ensures outside parties will never have access to your banking information. Bill.com also offers direct deposit payments for any vendors who sign up with a free vendor account.
All backup documents are saved in Bill.com’s cloud storage and can be accessed at any time. Additionally, every transaction will sync directly into your QuickBooks Online accounting software, so you never have to worry about manual entry or duplicate work. With Bill.com, you can rest assured that your transactions will always be accurate and up-to-date.
Is Bill.com the right solution for you?
This brief tutorial is only the tip of the iceberg when it comes to Bill.com. If you have an accounts payable pain point, there is a solution here for you.
If you’d like to learn more about Bill.com, or if you’d like assistance with implementing this platform into your daily practice, we are here to help. Our T.A.S.C. team can analyze your current situation and help you map out a plan forward.