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
When receiving funds from invoices, FedNow,
and RTP and updating the information into QuickBooks Online (QBO), you
can follow these general steps to match, merge, and clear transactions:
1. Matching Invoices and Payments:
- Invoice Generation:
- Create and send invoices to
customers in your accounting software (QBO).
- Payment Receipt:
- Record received payments in QBO.
- Ensure that payment details (amount,
date, etc.) match the corresponding invoice information.
2. Merging Information:
- Data Collection:
- Collect payment data from FedNow,
RTP, and any other sources.
- Normalization:
- Ensure that data from different
sources is in a consistent format.
- Merging:
- Use Excel or another tool to merge
data from FedNow, RTP, and other sources with your QBO data.
- Identify common identifiers (invoice
numbers, customer names) to merge data accurately.
3. Clearing Transactions:
- Reconciliation:
- Reconcile your bank statements or
transaction reports with QBO records.
- Clearing Process:
- In QBO, mark transactions as cleared
or reconciled to indicate that they've been verified against
bank statements.
- QBO usually has a reconciliation
feature where you can match transactions and mark them as
cleared.
4. Integration with QBO:
- Direct Integration:
- If possible, explore direct
integrations or APIs between QBO and FedNow/RTP. Some accounting
systems offer direct connections for real-time data updates.
- Import/Export:
- Export data from FedNow, RTP, or
Excel into a format compatible with QBO (e.g., CSV).
- Use QBO's import feature to bring in
the external data.
5. QBO-Specific Steps:
- Bank Feeds:
- Utilize QBO's bank feeds to
automatically match transactions with your bank statements.
- Batch Transactions:
- QBO allows for batch transactions,
making it easier to update multiple records simultaneously.
- Rules and Automation:
- Set up rules and automation within
QBO to streamline the matching process.
6. Regular Reconciliation:
- Frequency:
- Perform regular reconciliations in
QBO to ensure that your financial records align with bank
statements.
7. Documentation:
- Audit Trail:
- Keep a clear audit trail in QBO by
documenting transactions, reconciliations, and any adjustments
made.
Ensure that you refer to the latest
documentation and support resources provided by QBO for detailed
instructions on matching, merging, and clearing transactions. The steps
may evolve with software updates, and it's essential to stay informed
about new features that can enhance your reconciliation processes in
QBO.
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