Are you overwhelmed with paper Vendor Bills? Has the management of your Accounts Payable become more than you can handle on a timely basis? Are your Vendors 'ticked-off' over how long it is taking you to "pay their invoices?" Maybe you should consider QuickBooks Bill Pay.
That's right, with QuickBooks Bill Pay you can streamline the Accounts Payable process right within QuickBooks Online. Instead of digging through piles of Vendor Bills to try to figure out what you can afford to pay today or tomorrow, just simply review the queue of vendors bills that are ready to pay.
With AI bill ingestion, QuickBooks Bill Pay receives your bills for you and posts the vendor, amount, due date and line items. All you need to do is review and approve them.
It's a simple five step process to get started cleaning-up and streamlining your AP management.
1) Activate QuickBooks Bill Pay within QuickBooks Online
2) Set up a dedicated Bill Pay email and share it with all your Vendors.
3) Vendors submit their invoices through the dedicated Bill Pay email* where they are 'ingested' using AI to prepare them for review
4) Review the Bill Pay queue in QuickBooks Online where it has been created and adjust any factors that require changes.
5) When you're ready, approve the Vendor's Bill for payment. If you have payment approval workflows, those are automatically followed to ensure compliance.
You just turned the big-bad-storm of A/P the old-fashioned way into the sunshine of a new way of getting it done. For more information, review this website. By the way, at the time of this feature, there is a special promotion to 'get QuickBooks Bill Pay Elite or Premium for 90% for 12 months when you add your clients1.
Feature content adapted from Intuit media source content. Insightful Accountant is not responsible for any original Intuit content.
* - a bulk upload option lets you add Vendor Bills directly to AI Bill Ingestion if your Vendors continue to mail their invoices to you.
1 - Insightful Accountant is not responsible for any changes, including termination or disqualification(s) associated with the promoted offer. Note the offer was available as of the original publication date of this article and did not specify a date at which the offer would no longer be available.
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