While technological advancements enable us to make personal transactions easy and simple through digital platforms such as Venmo, many businesses still handle their bill pay manually, and many accountants and bookkeepers are still handling bill payments for their clients manually.
However, most (if not all) can agree that manual bill payments are more prone to errors, more time-consuming, and incur greater back-office costs than digital bill-pay solutions. That’s time and money that accountants can invest in developing the added-value services they can offer.
Melio started by offering a solution for small businesses’ B2B payments: by taking the principles of P2P payment platforms, we created a platform that is quick and easy to sign up for, and even quicker and easier to use.
Having worked with small business owners on a digital streamlined B2B payments solution, we are taking it a step further, by introducing the same tenets of simplicity and efficiency to accountants, believing that it will provide them with substantial added value.
We are pleased to share with Insightful Accountant readers that we now provide the tools accountants need to manage their clients’ accounts payable with Melio Accountants, which automatically syncs (both ways) with Quickbooks. Your clients can choose how they pay their vendors, be that bank transfer or credit card, and can enable the vendor to choose whether to receive the payment as ACH or paper check. Melio Accountants also provides accountants with a single dashboard and one login from which they can add and manage all their clients’ accounts.
Make sure to check out Melio's webinar, "How expanding your service offering can increase your profits" on October 29 at 2:00 p.m. Eastern Time. You can register here.
How do accountants (and their clients) benefit from using Melio Accountants?
The added value an accountant brings to their clients, which sets them apart from other accountants, is not only in handling their clients' bill payments but in the wider array of quality services they can offer. That is how accountants retain clients, keep them satisfied, and can also charge a premium for their added services.
With the time and resources saved by moving to Melio, accountants can develop added-value services for their clients (such as consulting services, cash-flow management planning, assistance in funding and loan applications, and more), grow their practice, and invest in acquiring niche-specific expertise that will allow them to charge a premium for their services.
Moreover, introducing Melio to your clients offers them direct benefits: with Melio, your clients will have better control over their cash-flow and payment methods, they will be able to have approval over the payments you make in their name and have more payment methods to choose from when paying their vendors. In addition, it is free; the only paid function is using a credit card, which incurs a small 2.9% fee for the payor.
Join us for a free webinar, where we will show you how to make the most out of Melio’s platform by adopting a better bill-pay service for you and your clients and enabling you to increase your profits. You can register for "How expanding your service offering can increase your profits" on October 29, by clicking here.