2018 Review of Bill.com – Invoicing Functions

Designed to work with current accounting software, Bill.com is widely utilized for its excellent AP automation. But Bill.com also offers solid payment processing capability as well. Best suited for small businesses, Bill.com helps to facilitate the accounts receivable process by offering business owners the ability to accept electronic payments, including ACH, EFT, credit cards, and PayPal. Integration with popular accounting applications such as QuickBooks, QuickBooks Online, NetSuite, Xero, Intacct, Microsoft Dynamics and Sage help to ensure that payment information processed through Bill.com will be automatically reflected in any corresponding accounting application as well.

Along with accepting electronic payments, Bill.com also allows users to send invoices to customers indicating their preferred payment method, along with an option to pay directly form the invoice. Bill.com will also send automatic payment reminders and overdue notices as well.

All payments processed by Bill.com are automatically deposited to a user’s bank account the following business day, and Bill.com also handles recurring payments as well.

Bill.com also offers Auto Bill Entry, a service that is designed to automatically put bills into Bill.com by extracting information from any bills placed in the Bill.com inbox. Using advanced technology, the system can also extract data from uploaded, emailed, or faxed invoices as well.

Bill.com is good choice for small to mid-sized businesses. There are four versions of Bill.com available, starting at $29.00 per month for the Essentials version, though users will need the Team version in order to synch Bill.com to current accounting software. An Accountant/Partner Program is also offered, which runs $49.00 per month.