Has anyone on the planet hated ‘paying vendor bills’ worse than me, I don’t think so?
No, I guess hating to pay the bills is a pretty common occurrence… I use to drag out the stack of bills, organize them by date, cross reference them by the amount of each bill so I could figure out the ones I had the money to pay, and then pretty well toss up my hands and just start writing out checks by hand of course. All of that was in the days long before QuickBooks.
Then QuickBooks came along and I thought what problems it would solve, just enter your bills, enter the vendor’s bill dates, the due dates, the amount due and let it tell you when and what to pay, heck it would even print the checks. Now we all know as time has gone by that this bell-n-whistle has been added to QuickBooks Bill-pay, but really if you have a busy business can you still do it all in QuickBooks without a lot of work? Not really!
Well, more than a year ago I told you about an A/P solution called Tipalti that streamlines the complete end-to-end accounts payable workflow and integrates directly with QuickBooks Online, but perhaps you missed that article and since my good friend Liz Scott has an upcoming webinar on this great solution I wanted to highlight just some of what Tipalti can do to make your Bill Pay easier too. It's so cool!
Tipalti relieves users of data entry while collecting and vetting payment data to reduce payment errors. OCR, AI-enabled automation and approvals eliminate manual AP processing.
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As I said Tipalti is an end-to-end A/P solution which is designed to significant reduce the time you spend on-boarding and paying vendors, collecting their tax IDs, processing their bills, and reconciling their payments. Tipalti automates the entire accounts payables process so you can focus your time on your business not on the busy-work of your bills.
The Tipalti Hub provides full control over your Payables workflow and simplifies vendor payments offering multiple supported methods (US ACH, wire transfer, eCheck, internation ACH, PayPal, paper checks and prepaid debit cards)
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But Liz and I, as well as the folks at Tipalti all understand that you want your accounting to end up right in QuickBooks and that’s why the bills and payments processed in Tipalti along with their details are synced to QuickBooks Online. All your Vendors along with their General Ledger accounts for bill coding plus their standard payment terms, as well as your departments, and locations are updated between Tipalti and QBO to keep everything ‘in sync.’
Tipalti’s integration with QuickBooks provides automation, control and visibility of your accounts payable operation for any size business from smallest to largest, no matter how simple or complex. And you won’t outgrow Tipalti either, not even as your business changes and expands.
The Tipalti integration with QBO is designed for self-service simplicity, easily configure how you want your data to coded to the GL, location, departments, etc.
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Tipalti will continue to automate your end-to-end payables workflow and scale as your company grows up or expands out by providing you with vendor on-boarding, KPMG-certified FATCA tax compliance, vendor bill management, global payments (190 countries, 120 currencies, 6 payment methods including US and global ACH), early payment options, full-payment reconciliation, A/P reporting, and highly customizable integration with QuickBooks Online. With these strong financial controls, you will simply never outgrow Tipalti.
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Tipalti allows you to easily take control of the payables workflow from invoice approval and payment to reconciliation inclusive of payment details and audit trails. In fact, you can even take that control of your A/P processes from your mobile device.
For Intuit QuickBooks Online users looking to reduce their workload related to managing and executing supplier payments, particularly on a global basis, Tipalti addresses comprehensive payables workflow, supplier on-boarding, bills management, tax compliance, global remittance, early payments, and AP reporting. Put simply, Tipalt offers unique advantages over QuickBooks Online alone which is why you should definitely register for Liz’s next webinar on December 5, 2019 at 2:00 PM Eastern: Mid-Level Companies Often have Payable Issues, Join Us to Learn How to Streamline Your Process.
By the way, Liz will also be telling you how you, as an Accountant, Bookkeeper or QuickBooks ProAdvisor can get involved in Tipalti's referral partner program to benefit both you and your clients needing a comprehensive A/P solution that works with QuickBooks.