Bill.com recently filled out the other side of the money-in/money-out scenario by adding electronic invoicing. With Bill.com Receivables, users create and electronically send custom invoices, use customer collaboration features, and receive electronic payments, without a merchant services account. The system also includes branded payment portals for customers to log into or visit from an emailed link, allowing them to see invoices and other documents and pay them electronically if they wish. Recurring invoices and payments can also be set up.
Both the AP and AR capabilities integrate with QuickBooks and Intacct, with transaction data routed directly into payables and the GL. Bill.com is SAS 70 Type II certified and a partner with AICPA’s CPA2biz.
Potential Benefits: Not having to worry about paying bills on time, but knowing they will be … and for about the cost of a postage stamp. The new invoicing and ability to receive online electronic payments is a strong plus, as well.