Thanks for the video. Just one question......When the scheduled payment is made to my vendor, will they get an email indicating payment has been made with the invoice number(s) referenced so they know what the deposit in their account is for?
You probably have Simple Start or Essentials with QuickBooks Online which does not allow you to enter bills. To check what kind of subscription you have in QuickBooks Online, click on the gear icon menu on the top right hand side, then select Accounts and Settings, then select accounts and subscriptions. You will need to have Plus and Advanced subscriptions to be able to enter bills in QuickBooks Online.
It depends on how you send it to them. It usually takes 5-7 business days for the ACH. Not sure if there is a max, if the money is available in your account it should work.
When I schedule payment for several invoices for a vendor, will the vendor receive one check listing all invoices ? Or will they receive multiple checks ? with quickbooks bill pay I can print one check for multiple invoices. Thank you
If you go into the transaction you will be able to click on view payment online on the payment transaction on the top right hand side. When you click on it you will be routed to the payment processing and will be able to click on help and get connected with an agent. To fix the information regarding the vendor in QuickBooks just click on Sales, select vendor, then click edit on the top right hand side. This will not correct the transaction just the vendor information for future transactions.
So I have done this a few times, but when I go into quickbooks online to pay my vendors again, it adds what I paid before to what I want to send that day. It keeps adding the amounts together. How do I prevent that? I want to be able to separate transactions and label them. For example, my cleaners also do management of a short term rental property I own so I pay them several times a month depending on how busy it is. What do you recommend? I have quick books essentials. Thanks!
Looks like you are just adding the bill twice. You will need to enter the bill once, when you pay you select pay bill not bill. This way you will pay the existing bill instead of duplicating the bill.
Hello ma'am! How about the 'quickbooks payments' , what are the pros and cons of this. My client receives payments from customers using Quickbooks Pymnts and I could see that there is a fee. Is it advisable to use? Hoping you will have video on this, thank you!
I love it, the only drawback are the fees, if your client is getting a good rate, for the bookkeeper it is the dream link, QuickBooks generates a deposit when the client pays the invoice which in turn you will match in banking, There are issues sometimes due to incorrect mapping, but for most part it works the best!
@@ClaudiaXperts this is sooo informative! thank you Ma'am. I will be looking forward on this video. Hoping you will continue making such useful videos. More covers on ecommerce, ma'am. 🎉☺️
So, I am curious how quickbooks sends a check on our behalf? Do they pull the money from your account, then send a check from their own banking? Or is there a way that they send a check from your bank? I'm so confused lol
Hi Andy, they do charge a credit card fee for credit card payments. The timeframe they are holding the money as well. It is a good service and I use it. You just have to weigh in the pros and cons.
QB's is telling me it will take 8 days for the funds to get there. Why so long? The point of ACH is to get the money there asap.
This is now Melio, QuickBooks has now another payment processing tool. This is how they make money. There are a faster option but they charge for it.
Love love love your videos :)
I am so glad you liked it Nellie!!
Thank you so much Nellie! Feel free to share with friends and coworkers that would benefit from it.
Thank you, you make sense.
Thank you!
Thanks for the video. Just one question......When the scheduled payment is made to my vendor, will they get an email indicating payment has been made with the invoice number(s) referenced so they know what the deposit in their account is for?
Yes they will get an email, you have to enter the invoice information when you process the payment
We can’t seem to get this function to work on our QB, and it seems like a very simple task. Help!
You probably have Simple Start or Essentials with QuickBooks Online which does not allow you to enter bills. To check what kind of subscription you have in QuickBooks Online, click on the gear icon menu on the top right hand side, then select Accounts and Settings, then select accounts and subscriptions. You will need to have Plus and Advanced subscriptions to be able to enter bills in QuickBooks Online.
Does the vendor receive a remittance email?
Yes, they will
I entered a bill and it was paid twice but I only entered the payment once. How can this happen?
Not sure Denise, if this was done through Melio, please contact their customer service.
Where can we see the check that are sent to the vendor in QBO or will have to log into malio to see the check lists ?
You will log into Melio to see the payments.
Is there a way you can select the invoice numbers and print them on the check when you print it?
When you record a payment to a bill you can add the invoice number you are paying on the notes
I am being asked to verify my bank account after setting up this payment. How do I do that?
You should receive a small deposit and credit in your bank. Once you get that you can verify the amounts
Thanks...What if you get and error message of payment failed
It could a lot of things, I would contact Melio for that it could be a wrong banking information.
Hi there, how long does the payment usually take to get to the vendor and what is the max limit we can send?
It depends on how you send it to them. It usually takes 5-7 business days for the ACH. Not sure if there is a max, if the money is available in your account it should work.
Does it work with QB Premier Desktop? Thx for the video.
Sorry this is for QuickBooks Online.
When I schedule payment for several invoices for a vendor, will the vendor receive one check listing all invoices ? Or will they receive multiple checks ? with quickbooks bill pay I can print one check for multiple invoices. Thank you
It will allow you to process one bill payment at a time.
What if I completed the ACH info for the vendor but it turned out to be incorrect? I cannot see a way to edit their payment information.
You will have to cancel the transaction and redo it.
If you go into the transaction you will be able to click on view payment online on the payment transaction on the top right hand side. When you click on it you will be routed to the payment processing and will be able to click on help and get connected with an agent. To fix the information regarding the vendor in QuickBooks just click on Sales, select vendor, then click edit on the top right hand side. This will not correct the transaction just the vendor information for future transactions.
we got denied to use MELIO, ? why could be that
I would not know Andy. I don’t have access to their decision making. I would reach to them.
So I have done this a few times, but when I go into quickbooks online to pay my vendors again, it adds what I paid before to what I want to send that day. It keeps adding the amounts together. How do I prevent that? I want to be able to separate transactions and label them. For example, my cleaners also do management of a short term rental property I own so I pay them several times a month depending on how busy it is. What do you recommend? I have quick books essentials. Thanks!
When you enter the bill is when you can assign whatever the bill is for. After you enter the bill you click on schedule payment.
Looks like you are just adding the bill twice. You will need to enter the bill once, when you pay you select pay bill not bill. This way you will pay the existing bill instead of duplicating the bill.
Hello ma'am! How about the 'quickbooks payments' , what are the pros and cons of this. My client receives payments from customers using Quickbooks Pymnts and I could see that there is a fee. Is it advisable to use? Hoping you will have video on this, thank you!
I love it, the only drawback are the fees, if your client is getting a good rate, for the bookkeeper it is the dream link, QuickBooks generates a deposit when the client pays the invoice which in turn you will match in banking, There are issues sometimes due to incorrect mapping, but for most part it works the best!
I will cover it
@@ClaudiaXperts this is sooo informative! thank you Ma'am. I will be looking forward on this video. Hoping you will continue making such useful videos. More covers on ecommerce, ma'am. 🎉☺️
@@romelapolvorosa2748 So glad you liked it Romela, I sure will! Thanks for watching! Feel free to share with other people who would benefit.
@@ClaudiaXperts Sure thing!
So, I am curious how quickbooks sends a check on our behalf? Do they pull the money from your account, then send a check from their own banking? Or is there a way that they send a check from your bank? I'm so confused lol
Also, for checkbook balancing, how quickly does that money come out of the business account it is being paid from, if using a checking account.
For now it is processed through Melio, they do take the money from your account and send the check or do an ACH to your vendor.
@@ClaudiaXperts If I do the check then, there is no additional setup? I just follow the instructions in the video, and It should be all good?
I do not have a Melio account. Is that fine?
@@joefuerst4113 it is fine.
how this service can be "free" ? somewhere someone is getting paid or benefit for this "free" service
Hi Andy, they do charge a credit card fee for credit card payments. The timeframe they are holding the money as well. It is a good service and I use it. You just have to weigh in the pros and cons.