Do you run a small business and constantly find yourself spending hours upon hours doing bookkeeping and accounting tasks? Do you end up doing double data entry because your online banking bill pay doesn’t integrate with QuickBooks? Does your current accounting program lack needed features like bill approval and e-payment?
Well, we have great news for you! We are going to explain the incredible capabilities of Bill.com and how it seamlessly integrates with QuickBooks.
This provides you with an easy-to-use system that will save you time and money!
Why Another Accounting Software?
If you are just starting out or have run your small business for a short period, you might be thinking, “Oh no, another accounting software to add to my already full plate.” We don’t want you to think of it as adding software; we want you to think of this as enhancing the already great software you use.
At Redmond Accounting, we don’t believe in adding useless technology tools to your arsenal.
We only recommend the technology, information, and resources that are sure to contribute to your business success.
What is Bill.com?
“Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses. Our customers come from all industries, ranging from startups to established brands and nonprofits to franchises.”
In short, Bill.com allows you to effectively manage your accounts payable information – vendors, bills, and bill payments. You will see supporting documentation side-by-side with details of who you need to pay and can create automated workflows to easily process payments in a more efficient and timely manner.
When adding Bill.com’s software to your accounting tech stack, consider how it fits into your existing ecosystem. We love integrating Bill.com with QuickBooks Online. Just like QuickBooks Online, Bill.com is digital and cloud-based, meaning you can reduce your paper usage, and have access to your bills, contracts, W-9’s, cleared checks and other important information 24/7. This means having access, even when you’re on the go.
Bill.com will help you:
- increase your productivity
- reduce errors (it happens to all of us- transposing numbers/not accurately entering the correct information)
- decrease busywork
- reduce fraud risk
- pay and get paid in less time
- and more!
This way, you and your team have more time to focus on value-added activities, like building your business.
If you are a small business or even a mid-sized business, chances are you are using QuickBooks for all your accounting and financial needs. Integrating Bill.com with QuickBooks is a powerful way to make sure you’re staying on top and ahead of your game with all things accounting.
Knowing your current state of affairs when it comes to money management of your company is what is going to keep you moving forward and succeeding in your business. So why not do it easily?
Bill.com and QuickBooks work seamlessly together, which ie one of the reasons that we often recommend the duo to our clients.
Bill.com QuickBooks Integration
This invaluable tool easily integrates with QuickBooks Online, Pro, Premier, and Enterprise, and connects to your bank to simplify payments and speed up reconciliation. QuickBooks Online is an incredible bookkeeping and accounting software and is considered one of the best, if not the best accounting software on the market, but it has its limitations when it comes to accounts payables capabilities.
That’s where Bill.com comes in.
Bill.com has advanced bill approval functionality and a sophisticated e-payment network. Bill.com also has built-in fraud prevention features such as positive pay and improved permission control for separation of duties.
When integrated with QuickBooks Online, the two programs “talk” to each other automatically. This means you get a clearer picture of your financial information, you do less double data entry, and you pay bills quickly.
Another bonus is the direct custom Bill.com email address and inbox that supports a paperless office and helps you eliminate paperwork while still allowing easy access to all of your bills and vendor contracts in one program.
On average, Bill.com saves businesses 36 workdays a year. That’s a lot of time!
Linking your accounting software does a few things:
- First, it provides you with greater financial control
- Second, your workflows will work together seamlessly, and you’ll simplify the approval process
- If an audit even occurs, you’ll have a paper trail to rely on that allows you to easily send in documents for the audit
- Role-based permissions are added to customize usage for teams and make your workforce more efficient
- Finally, manual data entry wastes time and can produce more errors. BILL and QBO sync together, allowing you to avoid double entries and the tedious task of entering data manually and needing to cross-reference them in the future
BILL empowers businesses to better manage their accounts payable process. QuickBooks Online helps you scale your business and work smarter.
You’ll enjoy advanced insights and batch transactions with QBO that you won’t find with just BILL. Each platform has its place in the business world because they focus on what they do best.
Why We Love It & Why We Recommend It
Bill.com has been a main component of our tech stack for over a decade. It’s simple to use and the Bill.com experts pride themselves on the visibility and transparency that allows you to see your financial information in real time.
We consider Bill.com to be a cornerstone of our business. In fact, we were even invited to be their guest at the New York Stock Exchange for their initial public offering! Many other businesses like TED, Taco Bell, Blaze Pizza, and 80% of the top 100 U.S. accounting firms utilize this great software in tandem with QuickBooks.
If you aren’t sure where or how to start, or even if you aren’t an expert at setting up Bill.com, we are here to help! A part of what makes Redmond Accounting different is that on top of the accounting services we offer, we also offer guidance to help get you set up for success! We make the online setup of your accounting software easy and stress-free; plus, we teach you how to use it.
If you’re interested in getting help with setting up, integrating, or using Bill.com, schedule a consultation today. We’d be more than happy to help you with all your accounting technology needs or discuss how we can help even further with our virtual accounting services.
One of our experienced experts is ready to help you and answer any questions you may have.
