Bill.com

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Tekpon Score
8.4

Bill.com Reviews

& Product Details

What is Bill.com?

Bill.com is a cloud-based automation software for accounts payable and accounts receivables; however, the company defines it as an intelligent digital business platform. Thus, the collaboration between the provider, supplier, and client is easy and time-efficient. In addition, the solution is more than the basic AP/AR tool through its AI-powered automation system.

Found in these Categories

Best For

Less payables mess. More time for your customers.

Recommended For

  • StartUps
  • Freelancers
  • Small Business
  • Medium Business
  • Large Enterprise
  • Non-profit Organization
  • Personal

Deployment

  • Cloud, SaaS, Web-Based
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux

Contact

  • Company Name

    Bill Ltd, Co.

  • Located In

    United States of America

  • Website

    bill.com

Bill.com Pricing

Starting from:

$49 /user/month

Pricing Model: Subscription

Pricing Details:

The four Bill.com pricing plans are suitable both for businesses and accounting firms. Furthermore, the cost does not change according to the previously mentioned cost per user. However, they do charge extra fees on transactions which we will mention later on.

Bill.com Features

  • Tax Management
  • Accounts Receivable
  • Multi-Currency
  • Activity Dashboard

Additional Features

  • Billing Portal
  • Online Payments
  • Mobile Payments
  • Payment Processing
  • Customizable Invoices
  • Recurring/Subscription Billing
  • Online Invoicing
  • Contact Database
  • Tax Calculation
  • Contingency Billing
  • Project Billing
  • Check Processing
  • Data Security
  • Electronic Signature
  • Fraud Detection
  • Multiple Payment Options
  • Recurring Invoicing
  • Self Service Portal
  • Debit/Credit Card Processing
  • ACH Payment Processing
  • Electronic Funds Transfer
  • Expense Tracking
  • Approval Process Control
  • Invoice Processing
  • Duplicate Payment Alert
  • Bank Reconciliation
  • General Ledger
  • Check Writing
  • Fixed Asset Management
  • Accounts Payable
  • PO Reconciliation
  • Cash Management
  • Vendor Management
  • Customer Statements
  • Payment Collection
  • Overpayment Processing
  • Partial Payments
  • PCI Compliance
  • Receivables Ledger
  • Recurring Payments
  • Revenue Recognition
  • Spend Management

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Bill.com Integrations

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Bill.com is a software company based in the United States and is preferred by most of the top 100 accounting companies in the country. The company’s mission is to free SMEs from the burden of manual processing.

What is Bill.com - tekpon

How can Bill com help you?

Bill com will enable you to automate tedious tasks that “eat” hours of your life. They even go as far as promising to reduce your time on account payables by 50%.

Further, Bill.com’s main goal is to help small and medium-sized businesses gain time for their business through their tools. They accomplish this by integrating with other software such as Quickbooks, Xero, and Oracle NetSuite. Last, the Bill.com app for Apple and Android will enable you to approve and pay your bills on the go.

Let’s move on with the Bill.com review to determine how to set up the software, its features initially, and how much money it will take out of your business each month.

How does Bill.com work?

Like most of the accounting software on the market, Bill com is pretty straightforward and does not require much of a technical user to get it going. First, register an account at Bill.com. Then add your company information and connect your bank account/accounts. Last, it integrates with accounting software to automatically register your transaction.

Is Bill.com Safe?

Yes. All bills paid through Bill.com are FDIC-ensured. Regular SOC 1, Type 2 Audits of their processeTheyhey are audited based on industry-controlled criteria regarding security and confidentiality and the integrity of their transaction processing. Moreover, Bill.com comes with the separation of duties. While you are at the beginning of your business, you do it all, but you can separate the accounting and payments sides to protect your business from fraud once you grow. Thus, once you get more people involved in your business, you might want to increase security and free up some of your time. This is exactly when this will come in handy, as Bill.com offers you the option to segment the process. Above all, remember that you can set an approval role, the person that can review everything.

Details of Bill.com Features

Moving on with the Bill.com review to the features section to see what this software can do. As with any review, we advise you to take this with “a grain of salt.”

Accounts Payable

If you are familiar with accounting software such as Xero, NetSuite, etc., you acknowledge that they already cover a large part of accounts payable. Account payable software such as Bill.com makes accounting and keeps track of all your payments without double data entry. Through the integration, you will avoid faulty accounting and keep track of your bill organized and consistently. In addition, it will facilitate payments through its automation and segmentation of payments, meaning you can delegate bills to certain parties or automate them. Automating bill payments can save up to 50% of your time and ensure you are never late in paying your bills. However, if you are not totally on board with automating this process, you can still enjoy the notification of due bills and setting a level of permissions.

Accounts Receivable

Bill.com has a life-cycle approach to receivables. First, the tool has a template for invoicing creation that allows you to personalize and create the invoices straight into the accounts receivable software.

Second, you can send and monitor the send invoices directly from the platform, including the US post. Third, send reminders to your customers for payments. Fourth, give your customers several options for payment, including direct withdrawals from their bank accounts, to get paid faster.

Last, Bill com reconciles your accounting system and the AP/AR software.

International Payments

Send international payments as easily as you send domestic payments.

International payments procedure

Let’s review what Bill.com means by this. Thus, to be more specific, the company offers the option to send as easily as in the domestic market payments through two:

  • $0 wire transfer fee in local currencies
  • International transfers in dollars at $9.99 per transfer

amounts charged for international transfers

Automatic Check Payments

These two features work more or less the same. However, one of the main reasons why we like Bill.com is how it automates checks and ACH Payments. Now, you are probably wondering who is still using checks as a payment method?! We were as surprised as you are to find out that this type of payment is still very frequently used in the US.

Funny enough, it is also one of the most time-consuming ones. Vendors use this kind of payment for one of two reasons they prefer to have it all on paper and avoid credit card fees which are the most common. For example, your landlord might require check payments, a laborious process that can be avoided with Bill.com.

Now, let’s review how automated check payments work.

There are various ways to do that. Let’s go through them. The best part about this is once you have all the data on Bill.com. Now you can get this information by inserting it manually or importing it from your accounting system. For example, you can take a picture of the bill with the Bill.com app and enter import it this way, or if you have a scan or a pdf file, you can drag and drop it.
Once you have that bill in, the software will fill in the information automatically and give you the option to approve the check directly or make some changes and then approve.
The software will pull the money from your bank account, cut the check, put it in the envelope, mail it, and you are done
The software allows you to track the payment. See when it was sent and when it was checked

Finally, after going through all the steps, you will check what happened with the transaction and avoid the mess that spins around check payments.

ACH Payments

ACH is an electronic bank transfer used in the United States. However, the method is not as widespread as the vendors need to share their bank accounts to enable it. Bill.com facilitates ACH Payments in a similar way it does with checks. Moreover, you can invite the vendor to set up payments, connect to them and facilitate Bill.com to transfer the money.

Keep in mind that, against an extra cost, Bill.com gives you the option to speed up the process.

  • Same-day – $9.99
  • Next day – $9.99
  • 2- 5 days – $0.49

1099 Contractor Payments

Bill.com integrates with Tax1099 and optimizes this through it. The software lets you import all the information through CSV. files if you do not use the list.

Customer Service

Considering the real simplicity of the tool, we don’t see the need for very sophisticated Bill.com customer services. Yet again, it does not count what we consider the final customer that counts at the end of the day, which is not appropriate from what we see that Bill.com does not have phone support. However, we found the Bill.com tutorials helpful and well thought through. Still, there are customers for whom a video on how to set up the software is not enough, and they don’t have the patience to wait for customer service to reply to their emails. For this reason alone, we consider that Bill.com’s customer support service could be better.

Moreover, keep in mind that while you might not be satisfied with Bill com’s software support, if you have a product that integrates with it, you might be able to get some of the support over there.

Bill.com App

The software offers the option of approving bills or sending invoices on the go from the Bill.com app. The apps offer the full functionality of the cloud version with the extra mobility associated with the applications. Please leave us your Bill.com reviews and let us know your opinion about the application.

Bill.com Integrations detailed

Bill com comes with two types of integration Auto-sync and Data Integrations.

Automatic Sync Integrations

  • QuickBooks
  • Xero
  • Oracle NetSuit
  • Sage Intacct
  • Microsoft Dynamics

Data Integrations

  • SAP
  • Sage
  • Microsoft
  • FreshBooks
  • Yardi
  • Thomson Reuters

Bill.com Review Conclusion

To wrap up the Bill.com review, we can confidently say it is easy to use. What it lacks in customer service, we can say it makes up for plenty in automation and time-saving features. Moreover, Bill com has an interesting set of integration that makes it easy for 80% of small and medium-sized companies to connect and use it. Last, let us know your review of Bill.com and the aspects you love and hate about this software.

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