Improve cash flow visibility and accounts payable with Bill: a comprehensive bill payment automation solution
Bill is a powerful platform that automates bill payments and accounts payable, making life easier for small and medium-sized businesses. It streamlines payment workflows, cuts down on manual data entry, and provides better financial visibility—all of which are essential for efficient bookkeeping.
With its easy-to-use tools, Bill is a top choice for bookkeepers and accountants who want to handle bill payments efficiently while ensuring accuracy and security.
Why bookkeepers and accountants prefer Bill:
1. Automated accounts payable
Bill automates the entire accounts payable process, from uploading and approving invoices to scheduling bill payments. By automating these tasks, it reduces the manual effort involved in tracking bills and bill payments, freeing up bookkeepers to focus on more important financial work. For firms handling multiple clients, Bill ensures bill payments are made on time, minimizing the risk of missing deadlines and keeping financial records consistent and accurate.
2. Efficient bill payment management
The platform supports both ACH and check payments, making it a versatile option for bookkeepers managing various bill payment methods. Bill allows users to manage all bill payments through a centralized dashboard, providing full visibility over due dates, bill payment statuses, and outstanding bills. This functionality ensures that businesses can maintain positive relationships with vendors by ensuring bill payments are always made on time, reducing the chances of late fees and enhancing cash flow management.
3. Improved cash flow insights
Bill provides real-time tracking of cash flow, showing exactly when bills are due and what bill payments are in progress. Bookkeepers can access detailed reports on payables, allowing them to offer clients data-driven insights into their cash flow and financial health. This helps business owners avoid cash flow shortfalls and make smarter financial decisions, ultimately supporting better bookkeeping practices and accurate financial records.
4. Customizable approval workflows
Bill offers customizable approval workflows that allow businesses to set rules for authorizing bill payments. For bookkeepers, this feature adds a layer of control and compliance, ensuring bill payments are approved by the appropriate individuals within the organization. This is especially beneficial for clients with strict internal controls, helping maintain accurate records and compliance throughout the accounts payable process.
5. Seamless integration with accounting software
Bill integrates effortlessly with popular accounting software like QuickBooks Online, QuickBooks Desktop, Xero, Sage Intacct, and NetSuite. This seamless integration minimizes manual data entry and ensures that financial reports are always up to date. For bookkeepers, this reduces the time spent reconciling accounts, leading to more accurate reporting and real-time data synchronization.
6. Enhanced security and compliance
Bill employs advanced encryption and robust security measures to protect sensitive financial data. For bookkeepers managing clients’ bill payments, this ensures that every transaction complies with industry security standards, reducing the risk of fraud. The platform also maintains an audit trail, which is essential for compliance during financial reviews or audits, giving bookkeepers the assurance that records are secure and traceable.
Why CoCountant chooses Bill
At CoCountant, we use Bill to simplify and automate the accounts payable process for our small business clients. By incorporating Bill into our bookkeeping and accounting services, we eliminate time-consuming manual tasks and ensure that every bill payment is accurate, timely, and in line with tax laws and vendor agreements.
Whether it’s handling recurring bill payments or adhering to internal approval policies, Bill helps us provide proactive bill pay services that fit each client’s needs, allowing them to focus on growing their business.
If you’re looking for a partner to optimize your accounts payable and bill payment management, we can help.
Speak to us today to learn more about how our bookkeepers and accountants can use Bill to simplify your bill payment processes and keep your finances accurate and secure.
Frequently asked questions
Why should I use Bill for my business?
Bill is a powerful tool that automates accounts payable (AP) and receivable (AR), saving you time on manual tasks like entering bills, sending invoices, and tracking payments.
Businesses using Bill often report cutting their AP processing time in half and receiving payments twice as fast through automated invoicing.
Plus, Bill integrates seamlessly with accounting software like QuickBooks and Xero, giving you real-time visibility into your cash flow to help you make smarter financial decisions.
What does Bill cost?
Bill offers flexible pricing to fit different business needs:
- Essentials: $45/user/month, great for small businesses looking for basic AP and AR automation.
- Team: $55/user/month, with more advanced features like 2-way sync with your accounting software and custom user roles.
- Corporate: $79/user/month, offering additional customization, advanced approval workflows, and cash flow forecasting tools.
Enterprise: For larger companies, there’s a custom-priced plan with features like single sign-on and API access.
Does Bill integrate with my accounting software?
Yes, Bill works seamlessly with popular accounting platforms like QuickBooks, Xero, Sage Intacct, and NetSuite.
Essentials plan users will need to manually import data via CSV files, but the Team, Corporate, and Enterprise plans offer automatic 2-way syncing, keeping your financial data up-to-date without manual entry.
Is Bill secure for managing sensitive financial data?
Absolutely. Bill uses bank-level 256-bit SSL encryption to protect your data. The platform also supports multi-factor authentication (MFA) and provides an audit trail for every transaction.
With features like dual control and role-based permissions, you can control who accesses your financial data, ensuring security and compliance.
How quickly can I set up Bill for my business?
Setting up Bill is quick and easy—most businesses can be up and running in just a few hours. After signing up, you can upload invoices, configure approval workflows, and integrate your accounting software.
Can Bill handle international payments?
Yes, Bill supports payments to over 130 countries, with multiple payment options like ACH, wire transfers, and checks.
You can pay in different currencies, and Bill takes care of the currency conversion for you, making it easy to handle international vendors and payments.
Does Bill offer customer support?
Yes, Bill offers customer support via email, chat, and phone from 8 a.m. to 8 p.m. PST, Monday through Friday. They also provide a range of online resources, including video tutorials, step-by-step guides, and FAQs, to help you get the most out of the platform.