About Bill.com

Category: AR/AP
When it comes to accounts payable and receivable processes, Bill.com has it all. However, your business needs will dictate how useful the software will be to you. There are five packages to choose from depending on the size of the business.

Company: Bill.com

Bill.com is a cloud-based payments platform changing how businesses pay and get paid. It's a cloud-based, online business payments solution that facilitates fast, automates approvals, and secures ACH payments to cut time spent on tedious AP jobs by more than 50%.

In-Depth Analysis

0 Overall
Price 4.0
Ease Of Use 4.5
Features & Functionality 4.0
Customer Support 4.5

Pros

  • Intuitive layout and seamless design
  • Supports international transactions and currencies
  • Easy integration with third-party financial products
  • Saves time spent on accounts payable and receivable operations

Cons

  • High price for premium features
  • No 24/7 customer support
  • Payment for free trial upon subscription

Bill.com Comparisons

VS
VS
VS
Plans & Pricing

Bill.com can be used on two major plans: business and accountant plans. The Bill.com Business plan is ideal for businesses that would rather digitalize their accounts payable and accounts receivable operations. There are four special packages under the business plan. These packages vary in price, features and number of users. They serve individual businesses according to their unique needs. The accountant plan is dedicated for the accountants and accounting firms

Other Charges
Depending on your plan of choice, Bill.com performs specific functions at additional costs other than the regular cost of a subscription:

  • Electronic Payments and ACH: $0.49/payment
  • Invoice entry: $0.49/ entry
  • Invoice and Check Mailing: $1.69/mail
  • Receipt of credit card transactions: Level 3 rates
  • Direct Virtual Card transfers to vendors: Free for vendors accepting virtual Cards.
  • International wires: $0 per wire for local currencies. $9.99 per USD wire.
Essential
$39
/mo
FREE trial
Team
$49
/mo
FREE trial
Corporate
$69
/mo
FREE trial
Enterprise
Custom
FREE trial
Accountant
$49
/mo

The Essential Plan

At only $39 per month, the Essential business plan offers small businesses the convenience of digitalization a portion of their payment processes. When you opt for this plan, you can only enjoy either of the accounts payable or accounts receivable, and not both.

The Team Plan

The team package requires a monthly subscription fee of $49 and shares similar features with the Essential plan. However, it supports integration with one accounting software: QuickBooks Online.

The Corporate Plan

This package is ideal for businesses that can afford $69 to digitalize a large chunk of their financial operations every month. Both the accounts payable and receivable options are available in this plan, and users can also enjoy discounted roles for their payment approvals.

The Enterprise Plan

This plan is ideal for businesses that are ready to automate most of their financial operations. It runs on custom pricing and has the following features in addition to those of the corporate plan:

  • Dual admin access.
  • API integration with third-party solutions.
  • Data entry via multiple sources.
  • Sync with solutions like QuickBooks Enterprise, Microsoft Dynamics, Sage Intacct and Oracle NetSuite.
  • Single sign-on
  • Exclusive customer support

The Accountant Plan

Bill.com’s accountant plan is intended for accountants or accounting firms, and it costs a monthly fee of $49. This plan features various tools that facilitate clients’ accounts management and the organization of AP/AR procedures for different businesses. Users of this plan also get to enjoy access to educative resources, NASBA-endorsed training and mentorship.

Ease of Use

Being a cloud-based software, Bill.com does not require you to install heavy files or servers before use. You only need to register and set up your business profile on the platform to begin to explore its many features. You can also integrate the application with third-party solutions, as your subscription allows you.

There are demos on the Bill.com website to assist you while using this solution. These demos are guides and video illustrations to make your registration, setup and use relatively effortless.

Lastly, Bill.com also features an intuitive interface, allowing users ease of access to its features. When you log in, you’ll find charts and notifications for your invoices, payments and approvals. You’ll also find this app easy to navigate as its menus are neatly laid out for an easy location.

Customer Support

Just like most other AP/AR solutions, Bill.com offers its users support in several ways. However, only paid users have access to this software’s active support.

Additional support includes:

Blog
Regular blogs are also published by Bill.com

Live Online Chat
Live Online Chat
Only subscribed users can access live chat
Email
Email
There is an option for all users to email the support team.
Video Tutorials
Video Tutorials
There are a number of videos available on YouTube.
FAQ
FAQ
Bill.com covers a comprehensive list of FAQs
Features & Functionality
General Features

Bill.com fosters your relationship with your vendors and suppliers by facilitating your business’s accounts payable operations.

Seamless Invoice Review

In addition to providing a means to capture your invoice data automatically, Bill.com’s accounts payable feature allows you to review each invoice as you receive them. After review, each invoice is also automatically forwarded to the approvers concerned. Throughout the transfer process, your data is actively protected by TLS encryption for maximum protection.

Remote Approval Process

Bill.com forwards your reviewed invoices to their respective approvers for digital approval even on the go. Modification requests are also automatically captured in the invoice to facilitate payment.

Simplified Payment Options

Irrespective of your method of payment, Bill.com make funds transfer to your vendors as smooth as possible. It supports ACH and credit cards for electronic payment, and if your vendors would rather take their checks to the bank, Bill.com can automatically mail them the checks on your behalf. The software also processes foreign transactions and virtual card payments directly to your vendors.

Automated Reconciliation

Integrating this software with other accounting solutions ensures that you never have to deal with duplicate entries. Each transaction is automatically updated to your database to aid faster reconciliation and financial audits.

Invoice Templates

With Bill.com’s automated invoice templates, you can select one suitable for your business, customize its field, and identify them with an automatic numbering system.

Send and Track Your Invoices with Ease

With Bill.com, you can effortlessly forward your invoices to customers for payment. You can schedule your sending date or time or forward it immediately after reviewing via email or US mail. Bill.com also allows you to set up recurring invoices for your constant customers.

Furthermore, Bill.com sends you automatic notifications of your invoice statuses and equally updates you about your due payments.

Unique Brand Page

When you and your customers use the Bill.com software, a payment page is dedicated for your company on their website. This page ensures that your customers’ transactions and due payments with your business are not forgotten in a hidden section of their website.

Receive Your Payments Faster

With Bill.com, you never get to experience delayed payments as your customers will receive friendly reminders about your payment, and then they can pay you via ACH or credit cards. Your foreign customers can also pay you with ease, and you’ll receive your payments in the currency of your choice.

In addition, you can also reconcile the payments you receive from a particular customer outside Bill.com and allow your accounts receivables to run on auto-pilot.

 

Features
  • 1099 Preparation
  • Accounts Payable
  • Accounts Receivable
  • ACH Payment Processing
  • Approval Process Control
  • Approval Workflow
  • Bank Reconciliation
  • Billing & Invoicing
  • Billing Portal
  • Bookkeeping Services Integration
  • Cash Management
  • Check Processing
  • Check Writing
  • Client Management
  • Contact Database
  • General Ledger
Advanced Features
Features
  • Financial Reporting
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Recurring Invoicing
  • Quotes/Estimates
Billing Features
Features
  • Hourly Billing
  • Multi-Period Recurring Billing
  • Multiple Billing Rates
  • Project Billing
  • Recurring/Subscription Billing
Tax Preparation
Features
  • Accountant-prep Friendly/Accessible
  • Manage Tax Calculations/Reporting
  • Tax Compliance
Add-Ons

Integration with these platforms allows you to update your Bill.com transactions on your various accounting channels. You can easily get your transactions balanced and ready for auditing.

Features
  • Payment Processing
  • Payroll Processing
  • Project Management
  • Time tracking
  • Third-party Integrations
Devices Supported
Features
  • Android
  • iPhone/iPad
  • Linux
  • Mac
  • Web-based
  • Windows
Pricing Model
Features
  • Monthly Payment
  • One-Time Payment
  • Annual Subscription
Verdict

Bill.com may not fit in as perfect bookkeeping software, but your business will benefit from its accounts payable and receivable features. Bill.com is the ideal software to opt for in terms of user-friendliness, as it allows you to run your AP/AR operations effortlessly without having to struggle with it.

The integration support of this software makes it a useful addition for accounting firms and wealth managers. It handles your accounts payable and receivable transactions efficiently so that you can focus on other strategic profit and growth-producing aspects of your business, like corporate growth and cost reduction.

Murad Jaffery
Author: Murad Jaffery
Murad Jaffery is a chartered accountant specializing in the field of accounting and finance. He has been writing on these areas for nearly a decade, and is also an accounting tutor. He holds master’s degrees in accountancy and English literature. Murad enjoys traveling and reading.
Let us know what you think about this product
and be the first to write a review.
Write a review