Is Bill Com and QuickBooks the same?
What is the difference between
Bill.com is the paperless payments solution that syncs seamlessly with QuickBooks and connects to your bank, facilitating faster payments and receivables. Bill.com integrates with both QuickBooks Desktop and QuickBooks Online, eliminating double entry when you pay bills or receive payments through Bill.com.
- Select Set Up Sync on the Sync accounting software step of the Get Started page.
- Select Connect to QuickBooks.
- Enter your QuickBooks Online Primary Admin user ID and password, and Select Sign in.
- Select the company in QuickBooks Online you want to sync to your BILL account and select Connect.
With BILL, you can improve team productivity, reduce manual data entry, and reconcile accounts faster with automatic sync and data integration between BILL and your accounting system and other essential tools. BILL syncs with leading accounting software, including QuickBooks, Sage Intacct, Netsuite and Xero.
While you can sync manually at any time, you can turn on auto-sync and the sync will automatically run. We suggest syncing at least once daily to ensure QuickBooks Online and BILL are up-to-date, and financial reports are accurate.
Using Bill.com and QuickBooks Online together offers several advantages. Bill.com's specialized features for managing accounts payable and receivable complement QuickBooks Online's comprehensive accounting features. This combination allows for a more efficient and effective financial management process.
QuickBooks Online is the ultimate digital accounting platform that provides a complete small business accounting solution. Bill.com works with QuickBooks Online to provide additional support to manage your accounts payable, receivable, and online billing.
How does it work? Once you connect BILL Accounts Payable and BILL Accounts Receivable and QuickBooks, bill pay gets better. BILL Accounts Payable and BILL Accounts Receivable talk directly to QuickBooks, so changes—like a newly created bill or a sent payment—are automatically updated.
- Open the BILL sync dashboard from the shortcut added to the desktop.
- Open QuickBooks and log in to the company file as Admin and in single user mode.
- In the profile editor box, select Next.
- Sync dashboard will auto detect the file path of the QuickBooks company file that's open, select Next.
You can use the QuickBooks Desktop mobile app, or your computer, to upload your bills to QuickBooks. QuickBooks captures the info from the bill and matches it with an existing transaction. You can then review and approve the match.
Why do companies use Bill com?
Bill.com is a tool that automates accounts payable and accounts receivable processes. Bill.com seamlessly integrates with Xero accounting software to make bill payments and approvals faster and easier. Bill.com acts as a central hub for all bills and invoices for businesses of all sizes.
BILL also provides bill payment services on behalf of our partners to service their customers (“Partners”). Our Partners include some of the leading banks in the United States, including Commerce Bank, First National Bank of Omaha, JP Morgan Chase, KeyBank, PNC, and Wells Fargo.
Creating a new invoice is fast and easy with BILL. Send customers electronic invoices and get access to recurring invoices, automatic payment reminders, automatic overdue notices, electronic payments through ACH, and more. Jump to: Create invoice and send to customer.
What syncs with QuickBooks Online document sync? Documents attached to saved bills in BILL will sync to the associated bills in QuickBooks Online, when document sync is enabled. Similarly, documents attached to saved bills in QuickBooks Online will sync to the associated bills within BILL.
Scan invoices and receipts directly into QuickBooks Online
Convert invoices and receipts into QuickBooks Online data in 3 simple steps: 1. Scan, 2. Extract Data, 3. Upload, Done!
Yes! If you have an eligible bank account, you can turn on Instant Transfer as the default setting for your future payments. Toggle Enable Instant Transfer to on, for the bank account where you'd like us to automatically deposit all eligible Instant Transfer payments.
With BILL, you can sign up for a subscription-free Basic Receivables account if you only want to receive payments through the BILL network, and pay no transaction fees. You must have a subscription-free Basic Receivables account before you can connect to customers/payers, and start transacting.
QuickBooks Online pricing
$60/month. All Simple Start features for up to three users, plus bill management and the ability to add employee time to invoices. $90/month. All Essentials features for up to five users, plus project tracking and inventory tracking.
BILL is also required to file Form 1099-K with the IRS so there is no need for you to submit your Form 1099-K with your tax return. You are, however, required to report all your taxable income, whether or not you have received a form 1099, to the IRS by the tax return due date.
It's included as a free online offering within your current QuickBooks Desktop product. For standard payments made via bank transfer (ACH), you won't be charged any transaction fees. For ACH to paper check bill payments, you'll be charged $1.50 per transaction.
Does QuickBooks pay online bills?
Combine bill payments with your accounting process so your bills data moves seamlessly within QuickBooks. You can schedule an online bill payment and we'll send the funds for you. Or, if your vendor doesn't accept online payments, we can mail a physical check for you.
To put it simply: QuickBooks Online is a better fit for businesses that prioritize real-time collaboration and better accessibility to their accounting data. QuickBooks Desktop is best for businesses that prefer implementing locally installed software. It provides better control over data and more stability.
Bill.com is accounting and payment management software for online accounting services. Bill.com suites online accounting services needs in invoicing and bills payment transactions. It automates the process by simply scanning of faxing the bills, after which they are paid electronically or by paper check.
BILL is a single system that gathers invoices into a digital system, handles approvals remotely, stores communication with each invoice, and lets you pay those bills with a few clicks. It even syncs with your accounting software, so you don't have to enter any of it twice.
Bill.com provides a powerful expense management solution to help businesses control spending and enforce budgets. By integrating with accounting software and automatically capturing expense data, Bill.com gives finance teams real-time visibility into costs.
