QuickBooks® Request for Payment Invoicing
The Best Solution for Payment Processing in QuickBooks®
Today Payments is an Authorized Reseller of Intuit offering a highly robust app that supports both QuickBooks’ desktop and online customers, provide merchants with the tools they need so they can focus more time on their customers and businesses, and less time on data entry.
"Our Integrated payment solutions can save a typical small business owner more than 180 hours each year"See
the features
QuickBooks® ACH, Cards, FedNow and Real-Time Payments
- Payment processing for all QuickBooks desktop, Pro, Premier, Enterprise and also QBO QuickBooks Online Our software is designed for simplicity and ease-of-use.
- ~ Automate Account Receivable Collection
- ~ Automate Account Payable Payments
- ~ One-time and Recurring Debits / Credits
Secure QB Plugin payment processing through QuickBooks ® specializes in the origination of moving money electronically.
Ask about our special:
Request for Payments
To manage Accounts Receivables (AR) aging
using QuickBooks Online (QBO), QuickBooks Desktop, and Excel, while
incorporating the processes of matching, merging, and clearing
transactions when receiving funds from Invoices, FedNow, and RTP, follow
these comprehensive steps:
1. Invoice Generation and Payment
Recording:
- QBO Invoice Generation:
- Generate and send invoices to
customers using QBO.
- QBO Payment Recording:
- Record payments received from
various sources within QBO. Ensure accurate entry of payment
details.
2. Matching Invoices and Payments:
- QBO Matching:
- Utilize QBO's built-in features to
automatically match payments with corresponding invoices.
- Excel Matching:
- If additional matching is needed,
use Excel's MATCH function to manually match payments with
invoices based on common identifiers.
3. Merging Information:
- Data Collection:
- Collect payment data from FedNow,
RTP, and any other sources.
- Normalization:
- Ensure data from different sources
is in a consistent format.
- Excel Merging:
- Use Excel or another tool to merge
data from FedNow, RTP, and other sources with your QBO data
based on common identifiers.
4. Clearing Transactions:
- Reconciliation:
- Regularly reconcile bank statements,
QBO records, and external payment data to identify
discrepancies.
- QBO Clearing:
- Use QBO's reconciliation feature to
clear transactions, indicating that they've been verified
against bank statements.
5. AR Aging Analysis:
- Aging Categories:
- Set up aging categories in QBO, such
as "Current," "1-30 Days," "31-60 Days," etc., based on due
dates.
- Calculate Days Overdue:
- Calculate days overdue for each
invoice using Excel based on the due date and current date.
- Categorize Aging in QBO:
- Use QBO's built-in features to
categorize invoices into aging buckets based on the number of
days overdue.
6. Automation and Tools:
- QBO Automation:
- Leverage QBO's automation features,
including rules and batch transactions, to streamline the
matching and clearing processes.
- Integration with FedNow and RTP:
- Explore QBO's integrations or direct
connections with FedNow and RTP for real-time updates.
7. Regular Reconciliation and
Documentation:
- Regular Reconciliation:
- Conduct regular reconciliations
between QBO, bank statements, and external payment sources.
- Documentation:
- Maintain clear documentation of
reconciliations, adjustments, and any discrepancies for audit
purposes.
By following these steps, you can effectively
manage AR aging using the features of QBO, QuickBooks Desktop, and
Excel. It's essential to refer to the latest documentation for QBO and
QuickBooks Desktop for any specific features or updates related to
reconciliation processes. Regularly update your procedures to
incorporate new functionalities or improvements in the software.
Call us, the .csv and or .xml Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) show how to implement Create Real-Time Payments Request for Payment File up front delivering message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continuing through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.
Our in-house QuickBooks payments experts are standing ready to help you make an informed decision to move your company's payment processing forward.
Pricing with our Request For Payment Professionals
1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory data for completed file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support
2) We create .csv or .xml formatting using your Bank or Credit Union. Create Multiple Templates. Payer/Customer Routing Transit and Deposit Account Number may be required to import with your bank. You can upload or "key data" into our software for File Creation of "Mandatory" general file.
Fees = $57 monthly, including Support Fees and Batch Fee, Monthly Fee, User Fee, Additional Payment Method on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,
3) Payer Routing Transit and Deposit Account Number is NOT required to import with your bank. We add your URI for each separate Payer transaction.
Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG
4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.
Start using our Bank Reconciliation:
Dynamic integrated with FedNow & Real-Time Payments (RtP) Bank Reconciliation: Accrual / Cash / QBO - Undeposited Funds
Give Us A Call
(866) 927-7180