Melio Accounting Software Review For 2025

The features of Melio are typical of any efficient payment management system. These features and benefits include, but are not limited to:

• Payment approval
• Integration with Xero and QuickBooks Online
• Payment scheduling
• Payment tracking
• Easy to use payment method update
• 1099 forms
• Client profile management

User-Friendliness

Melio Payments is one of the most intuitive digital payment solutions on the market. It allows you to sign up and input your account details and those of your vendors in a matter of minutes. After setting up the relevant data, you’ll find that the entire program is relatively easy to navigate.

Payment Handling and Organization

Late payment settlement can have a devastating implication for business relationships. On the other hand, paying too soon reduces your business cash flows, as you will have less money to yield profitable returns on investments. Hence, to enhance efficient business relationships and cash flows, your business will need to harness the power of a reliable payment structure.

Melio Payments help you optimize your payment structures by offering you a stress-free means of scheduling your payments in advance. All you need to do is put in the various payment you need to make, their respective recipients, and due dates. Melio automatically deducts the payment amount from your account at your specified payment dates, disburses the exact amounts to your suppliers and dealers, and then sends you a notification stating when the payment would be completed.

One excellent feature of completing payments with Melio is that you can carry out multiple payments all at once. And all payments will be attended to at their due dates.

Client Profile Management

In addition to offering payment solutions to business owners, Melio is also designed for people who oversee other people’s ventures. This software allows accountants to organize and run payments for their different patron companies. Its UI also makes it easy for finance managers to move from one client’s financial profile to the other without logging out all the time.

Credit Card Remittance

It is no longer news that some dealers and suppliers are picky when receiving credit card payments. Some accept certain cards and reject some others. Melio helps you navigate transactions with selective suppliers by charging your payment amounts directly from your card (irrespective of the type) and then remitting the specified amounts to your dealers.

Nevertheless, for each credit card transaction you make on Melio, you get to pay a service charge of 2.9% of the transaction value. You can even enjoy charge-free transactions if you qualify for discounts and rewards.

Permissions and Roles

For every growing business, there comes a time when owners will begin to delegate specific responsibilities to third parties. This delegation is so that you can give rapt attention to revenue generation and profit maximization. Coincidentally, payment management happens to be one responsibility that is often assigned to third parties in most businesses.

If you decide to hand over the control of your payments to third parties, Melio has been designed to facilitate such processes. All you need to do is to invite the parties involved and adjust their permissions and roles for your payments.

Bank Transfers

Melio Payments allows for free ACH bank transfers, emphasizing the platform’s commitment to providing cost-effective solutions for businesses. There are no subscription fees, making it accessible for businesses of all sizes.

Free Features with Every Melio Account

• Unlimited users: Businesses can invite unlimited users to their account, enhancing collaboration and payment management.

• Accounting software sync: Beyond QuickBooks Online, Melio also syncs with Xero, offering broader compatibility with accounting software.

• Approval workflows: Users can set up roles, permissions, and approval amounts to maintain control over transactions.

• Easy bill capture: Simplifies the process of adding bills to the platform.

• Payment tracking & updates: Offers real-time updates on payment status, ensuring transparency.

• Data & form export: Allows for easy export of data and forms for record-keeping.

• Bills management: Provides tools for efficient management of bills.

• Custom payment requests: Users can customize payment requests to suit their business needs.

Additional Benefits

• Cash flow control + more rewards: Encourages using credit cards for business bills to enjoy rewards and improve cash flow.

• Keep vendors happy: Fast payment options like instant transfer, same-day bank transfer, or fast check help avoid late payments.

• More ways to send payments: Melio supports a variety of payment methods to accommodate different business needs.

Monitor and categorize expenses for accurate financial tracking.

Streamline tax compliance with automated preparation tools.

Automate repetitive accounting tasks to boost efficiency.

Currently, Xero and QuickBooks Online are the only business programs you can synchronize with Melio payments. This synchronization ensures that your accounting tabs are automatically updated with the information about every payment you make on Melio. Hopefully, Melio will allow the integration of other business solutions at a later time.

Access accounting tools seamlessly across various devices.