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
FedNow is the Federal Reserve's real-time
gross settlement (RTGS) service in the United States, providing instant
payment capabilities. QuickBooks Online (QBO) allows users to integrate
with various payment processors for transactions, but specific
integrations and features may evolve over time. Ensure you check the
latest updates and functionalities within QBO and FedNow.
Here's a general guide on how you might set
up an Aging FedNow Payments Request for Payments system for payees
within the context of being a QBO Merchant:
1. Set Up FedNow Integration:
- Ensure that your organization is
enrolled in the FedNow service and has integrated it into your
payment infrastructure.
2. Configure QBO Merchant Account:
- Set up or verify your QBO Merchant
account to ensure it can process payments seamlessly.
3. Create Request for Payments (RfP) in
QBO:
- Use QBO to create Request for Payments
for your payees. Include details such as the vendor name, invoice
number, and the amount requested.
4. Include FedNow Payment Link:
- In your Request for Payments, include a
unique FedNow payment link or instructions for payees to make
instant payments.
5. Real-Time Tracking in QBO:
- Leverage QBO's tracking features to
monitor and manage the status of FedNow Payments. Use the invoice
tracking and payment tracking functionalities.
6. Aging Report in QBO:
- Generate aging reports within QBO to
track the status and aging of FedNow Payments. Customize these
reports to include relevant details for your organization.
7. Automated Notifications:
- Set up automated notifications or alerts
within QBO to notify payees when a FedNow Payment Request is
generated and when payments are received.
8. QBO Mobile App:
- Encourage payees to use the QBO mobile
app for real-time access to payment notifications and updates.
9. Security Measures:
- Implement robust security measures to
protect sensitive financial information, especially when dealing
with real-time payments.
10. Regular Reconciliation:
- Conduct regular reconciliation between
QBO records and your bank statements to ensure accuracy.
Example Workflow:
- Create Request for Payment:
- Create an RfP in QBO, specifying the
vendor, invoice details, and the FedNow Payment link.
- Payee Receives Notification:
- Payees receive automated
notifications from QBO about the FedNow Payment Request.
- Instant Payment:
- Payees use the FedNow Payment link
to make instant payments directly through the FedNow service.
- Update in QBO:
- QBO is updated in real-time to
reflect the payment status, and reports are generated
accordingly.
Note:
- Stay Informed: Keep
up-to-date with any new features or updates in both QBO and FedNow
to take advantage of the latest capabilities.
- Integration Partners:
Check if there are any third-party integrations or QBO add-ons
specifically designed for FedNow Payments.
- Legal and Compliance:
Ensure that your processes comply with legal and compliance
requirements related to real-time payments.
Given the rapid evolution of technologies and
financial services, it's advisable to check with both Intuit (the
company behind QBO) and the Federal Reserve for the latest information
and integrations available as of your current date.
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
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(866) 927-7180