QuickBooks Online Payment Integration with Bill.Com

Intuit lately has made a lot of progress in the integration of its accounting software QuickBooks to a lot of big players in the space of Payments latest being its integration with bill.com which has close to 1.4 million users and can benefit from this integration 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 comprehensive cloud-based financial operations platform that streamlines accounts payable, accounts receivable, and expense management for businesses and accounting firms. The platform offers features such as custom approval policies, customized invoice templates, payment status tracking, and automated email reminders. Bill.com is designed to work seamlessly with other accounting software, like QuickBooks, to provide a comprehensive and integrated financial management solution.

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.

Bill.com vs QuickBooks: A Comprehensive Comparison

Although both Bill.com and QuickBooks Online are accounting solutions, they are designed for different functions and complement each other rather than compete. QuickBooks Online offers a full suite of accounting tools, while Bill.com specializes in managing accounts payable and receivable, enhancing the capabilities of QuickBooks Online.

Features	Bill.com	QuickBooks
Invoice Creation and Tracking	Yes	Yes
Financial Statement Management	No	Yes
Bill and Expense Management	Yes	Yes
Inventory Management	No	Yes
Report Generation	No	Yes
Custom Approval Policies	Yes	No
Customized Invoice Templates	Yes	No
Payment Status Tracking	Yes	No
Automated Email Reminders	Yes	No
International Wire Transfer	Yes	No
Integration with Other Platforms	Yes	Yes

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).
Find or Create a Vendor Finds or creates a specific vendor.	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 a 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 a 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.

Frequently Asked Questions

Q 1: Can Bill.com integrate with QuickBooks Online?

Ans: Changes made in either system will integrate seamlessly with the other. What sets apart the combination of Bill.com and QuickBooks Online Advanced from other QuickBooks versions? Bill.com is compatible with all QuickBooks Online products.

Q 2: How does the integration between QuickBooks Online and Bill.com work?

Ans: The integration allows for automatic syncing of data between QuickBooks Online and Bill.com. Changes made in either system will flow seamlessly into the other, eliminating the need for manual data entry. Bill.com captures invoice data and routes them through customizable approval workflows, while payments made through Bill.com sync back to QuickBooks Online.

Q 3: How does the integration improve efficiency and scalability?

Ans: The combined power of QuickBooks Online and Bill.com allows businesses to streamline and scale their financial operations. Automating accounts payable and receivable saves time and reduces manual data entry. The integration is designed to work with all QuickBooks Online plans, with additional capabilities when used with QuickBooks Online Advanced.

QuickBooks Online Payment Integration with Bill.Com