Intuit lately has made lot of progress in integration of its accounting software QuickBooks to lot of big players in the space of Payments latest being its integration with bill.com which has close to 1.4 million users which can be benefited from this integration and it not only for Bill.com users but QuickBooks which has 1.5 Million small and Medium business owners those who can use this in their day in day out Operations.
What is Bill.com?
Bill.com is a cloud-based Payment platform. You can accept on-the-go, Android, or IOS bills and pay bills. Bill.com is an American software company based in California, it’s a sage legitimate solution that gives service to financial institutions in 100+ countries as part of an online business banking ecosystem
What is QuickBooks?
Full-featured financial and company management software, QuickBooks provides complete accounting solutions. QuickBooks has three different versions of accounting software desktop, online, and cloud-based solutions for tracking all financial information and creating reports for every part of the business.
QuickBooks Software has various features like Electronic payment functions, mapping features, remote payroll assistance, remote access capabilities, and outsourcing, online banking and reconciliation, better mail functionality with Microsoft Outlook. QuickBooks, which was created by Intuit is popular among medium and small size businesses.
How Bill.com integration with QuickBooks helps overall
1. Bill Payments
When you are a small business it’s a daily need for your business to pay bills to small and big vendors and then over and above to track this in two platforms can become a cumbersome experience for small businesses now it is a hard choice to make whether to focus on expanding business or focus on accounting. QuickBooks will help these users with a better experience.
2. Helps in reconciliation
A lot of manual work means a lot of unproductive work for the small business and then on top of it, you have to work with an accountant to see if your reconciliation is matching in QuickBooks.
3. Large base
With the integration of both Quickbooks and Bill.com coming together, it means millions of users will get the benefit as both have a large base of customers.
Supported Triggers and Actions
Triggers
| New Invoice Triggers when a new Invoice payment received | Add Vendor Triggers when a new vendor is added or updated |
| New Account Triggered when you add a new account. | New Bill Triggers when a new bill is added. |
| New Customer Triggered when you add a new customer. | New Estimate Triggered when you add a new estimate. |
| New Expense Triggers when a new expense is added. | New Invoice Triggered when you add a new invoice. |
| New Invoice Triggered when you add a new invoice (with line item support). | New Sales Receipt Triggered when a new sales receipt is added (with line item support). |
| New Payment Triggered when a payment is received (with line item support). | New Purchase Order Triggers when a new purchase order is added. |
| New Sales Receipt Triggered when a new sales receipt is added. | Updated Customer Triggered when an existing customer is updated. |
| New Vendor Triggered when a new vendor is added. |
Actions
| Add Customer Create customer in Bill.com | Create Time Activity Creates a new single-time activity. |
| Search Customer Search Customer By Customer ID | Add Invoice Line Add a line item to an invoice |
| Seach Invoice Search invoice by invoice ID | |
| Create Bill (Item Based) Create a new bill, optionally tied to a customer. | Create Bill (Account Based) Create a new bill, optionally tied to a customer (with line item support). |
| Create Bill (Item Based) Create a new bill, optionally tied to a customer (with line item support). | Create Credit Memo Creates a new credit memo. |
| Create Customer Adds a new customer. | Create Estimate Create a new estimate (with line item support). |
| Create Expense Creates a new expense using check, cash, or credit card. | Create Product/Service Creates a new product or service. |
| Create Journal Entry Creates a new journal entry. | Create Invoice Adds a new invoice (with line item support). |
| Create Sales Receipt Adds a new sales receipt (with line item support). | Create Payment Creates a new payment, optionally linked to an invoice. |
| Create Purchase Order Creates a new purchase order. | Create Refund Receipt Creates a new refund receipt. |
| Send Invoice Send an existing invoice. | Send Sales Receipt Send an existing sales receipt. |
| Find or Create a Customer Finds or creates a specific customer v2. | Update Customer Updates an existing customer. |
| Update Invoice Updates an existing invoice (with line item support). | Create Vendor Adds a new vendor. |
| Find Account Find an account by name. | Find Customer Find a customer by name or email address. |
| Find Invoice Find an invoice by number. | Find Product(s) Find a product by name (with line item support) |
| Find Vendor Find a vendor by name. | Find or Create a Vendor Finds or creates a specific vendor. |
| Find or Create Vendor Finds or creates a specific vendor. |
Intuit Says
“Our integration with Bill.com is being created with this in mind — to give business owners an easy-to-use, centralized solution to better manage their cash flow,” added Vinay Pai, vice president and head of Intuit Developer Group, in the press release.
This announcement was made during the first QuickBooks Connect conference which has helped lot of businesses to know Intuit better and will help all connected to QuickBooks grow faster.
This is all coming, with the recent news of QuickBooks now integrated with Paypal and QuickBooks integrated with G Suite we see all this good news that is going to make the customer experience even better.
Need Professional Help?
If you get stuck anywhere in the process, feel free to get in touch with SMB QuickBooks Technical Support Team, Which is available 24/7 on smbaccountants.com.
