Melio Accounting Software Review For 2025

Category: Accounting Software
Melio simplifies invoice payments. Pay every expense and invoice on their platform with multiple payment options while running your business efficiently and automatically. Integrates with Quickbooks and Freshbooks, among others, and its platform is flexible enough for all types of businesses.

Melio Accounting Software Plans & Pricing

Go
$0
/mo
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Core
$21.25
/mo
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Boost
$46.75
/mo
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Melio Comparison

Expert Review

4.4
Price
5.0
Ease Of Use
4.5
Features
4.0
Support
4.0
Performance
4.5

Pros

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No monthly fees. ACH bank transfers are free
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Bank transfers & check payments are free of charge
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Pay multiple bills in one go, schedule, set recurring payments

Cons

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Only 85 countries are available for international payments
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Limited integrations other than Xero and QuickBooks
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Limited information about customer support & times

Melio Accounting Software's Offerings

While Melio does not require any fee for set up, it charges the users 2.9% on every credit card transaction they carry out. Fundamentally, this software features two different plans – the Accountant and Business plans. While the Accountant plan is tailored to meet the needs of accountants who manage other people’s finances, the Business plan is designed for business owners who prefer to manage their own disbursements.

Customer Support

Live chat support
Melio offers support via live chat which you can access directly from the platform.

Email
You can contact Melio support via email at support@meliopayments.com if you have any questions.

FAQ and Help Center
Melio has a FAQ page with some general questions and answers and an in-depth Help center with answers to more specific questions.

Blog
Melio’s blog covers various topics related to bookkeeping, payment processing, and small business success.

Features & Functionality

General Features

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.

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General Ledger
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Bookkeeping
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Manages Accounts Payable/Receivable
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Income & Expenses Tracking/Management
v-pro
Account Reconciliations
x-con
Financial Reporting
v-pro
Receipt Scanning
v-pro
Invoicing

Track Expenses

Monitor and categorize expenses for accurate financial tracking.

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Record Expenses
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Record Mileage
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Generate Invoices
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Recurring Expenses

Tax Preparation

Streamline tax compliance with automated preparation tools.

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Tax Compliance
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Manage Tax Calculations/Reporting
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Accountant-Prep Friendly

Time-Saving Automations

Automate repetitive accounting tasks to boost efficiency.

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Automation of Invoices/Notifications
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Suggests Transaction Matches
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Purchase Order Automation

Add-Ons

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.

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Payment Processing
x-con
Payroll Processing
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Project Management
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Time Tracking
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Third-Party Integrations

Supported Devices

Access accounting tools seamlessly across various devices.

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Windows
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Android
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Linux
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iPhone/iPad
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Mac
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Web-Based

Ease Of Use:

Melio Payments has an easy-to-use interface. You can sign up in seconds, and it doesn’t take long to add vendor details. Afterward, you can easily navigate across the software, and find everything you need to use its features.

Verdict:

Melio Payments is your one-stop platform if you intend to manage all your business payments and receipts from one place. You don’t get to spend a dime for your payments, except when you’re using credit cards. And even at that, the bonuses and discounts usually offered to Melio users could help wipe off your credit card transaction fees to a great extent.

Melio does not facilitate payments outside the United States and can only sync with Xero and QuickBooks. Nevertheless, if you’re out to acquire intuitive software that will ease off your payment burden and won’t cost you a fortune, then Melio will be good for you.

User Review

4.0
5
1 Users
(1)
4
1 Users
(1)
3
1 Users
(1)
2
0 Users
(0)
1
0 Users
(0)
Write a review
Leave a review, help others get it right the first time.
logoWrite a Review
3 Reviews
1-10 employees
Used for: 1-2 years
26 Jul - 2021
Pleased and satisfied
Overall I've been very pleased with Melio. We currently only use it to pay vendors which is all we need and for that it's perfect. The payments are fast, secure, and easy to set up. I should have signed up for this service long ago!
1-10 employees
Used for: 6-12 months
26 Jul - 2021
At least the customer service is good
I wanted to love it, I wish the system had more options.
11-50 employees
Used for: Less than 6 months
26 Jul - 2021
Love Melio
Easily set up ACH payments for all my vendors with a few clicks (free) Uploading and scanning of invoices Quickbooks integration is a crucial feature!
Like:
  • Customer service!
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