Bills - Pay Bill electronically from within Xero
Ability to automatically pay supplier bills from within Xero, withouth having to login to online banking.
Purpose: To make it easier to pay bills, rather than having to jump between two different platforms.
AdminXero Team
(Admin, Xero)
shared this idea
Hi everyone, appreciate there are more regions users would like to see us adopt solutions for and we'll keep you in the know of any progress, here.
In the UK, we have some updates with the bill payments method with Crezco. You now have more control of your cashflows with the ability to schedule bills to be paid at a future date using direct bank transfer. This'll help avoid potential bank charges for same day transactions, and missing due dates. Along with this you'll also be able to stay up to date with your payments with real-time payment status in Xero. Meaning you don't have to log into your bank to check the status of each bill payment. With an overview of all payments made using direct bank transfer, you have an accurate record of which suppliers have been paid, and when.
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LYDIA LI
commented
To deposit a payment directly to a supplier's bank account is an important method to process bill payment for any business. I believe that you know EFT 80 Byte File Layout mandatories in Canada, but the batch file export from Xero does not meet the requirement. You should have a plan to service EFT ASAP.
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Dusty Accounts
commented
We do this all the time by making a batch payment of just one transaction. Works well with Kiwibank at least.
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Win Smith
commented
I understand the complexities/barriers with electronic bill payments, however, if in partnership with Stripe you could facilitate a way to initiate ACH from within Xero you would negate the need for 3rd party apps like bill.com that dramatically undermine the experience of using Xero in the first place. I chose Xero over Quickbooks because of the seamless integrations and web-native structure. Phantom transactions that arise, sync errors that cannot be resolved, countless times bill.com has created an error in my accounting ultimately reflects on my xero user experience. Please do something to alleviate the difficulty of 3rd party bill payment apps.
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Colm Walsh
commented
With so many new FinTechs like AirWallex, Wise, OFX, the neobanks etc I'm just surprised none of them are doing it - would be a massive differentiator for them, and make much stickier for customers.
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Paolo Coniglio
commented
This was originally announced at Xerocon 2017 but it was canned as the banks didn’t want to open the integration
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Winston Tan
commented
Every business unit has to deal with Accounts Payable on a repetitive basis and to be able to pay bills from Xero will go a long way to automate in Xero seamlessly for AP processes.
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Nicole Agno
commented
Apparently they disabled this for NAB, this would be a great feature across all companies
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Colm Walsh
commented
This would be MASSIVE! And tbh I thought was already there - the pay with Xero is very misleading!
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Aileen Pennington
commented
Kwei Ma, I think you do that through batch payments.
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Wee Siew Moi
commented
How about the cash flow status.. because some time will delay due to cash flow status.
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Kwei Ma
commented
at least able to generate an aba file for a bill or a bulk of bills
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Jeremy Harris
commented
Have been using the NAB connected feature and super disappointed to find out that it's going to disappear. But would be good to have something that works for most / all banks.
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Amanda Moore
commented
I would rather have an integrated bill pay platform within Xero than pay for another 3rd party login (QB offers integrated bill pay - that's the only thing I miss from there.)
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Rozalia Molnar
commented
Have you considered using a third party for this? Eg Pay with Wise