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.
Hi everyone, further to our last post I wanted to provide another update for our US customers as we now have a bill payments solution powered by Melio! Xero has acquired Melio, a leading US bill pay platform designed specifically for small and medium-sized businesses, and accountants and bookkeepers in the US. While we value our partnership with BILL, we decided that acquiring Melio was the right strategic move to accelerate our ability to provide a seamless, integrated payments solution within Xero for our US customers. Powered by Melio, you can securely pay bills online, directly from Xero.
As previously shared in the UK customers can now pay overseas suppliers easier with international bill payments, saving the need to use multiple platforms and savings in fees. Whether you're paying a single bill or multiple bills at once.
We’re committed to finding new ways to expand our bill payments capability to small businesses and their advisors in more regions by leveraging new technologies, where available and will keep sharing news on this with you all through this idea! Thanks 😊
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Kelly Nour
commented
Again, this feature should be standard in a modern accounting software package. You should at least be able to do a payment run in Xero and generate an ABA file to upload to your banking platform
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Kimberly Gay
commented
Is there a way to provide ACH payment option where the payment is connected directly to your bank without using a 3rd party such as Stripe or GoCardless
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Kellie Galati
commented
This would be awesome and also for payroll rather than going between payroll and bank
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Daniel Harper
commented
I'm experimenting with make.com I use revolut to bank.
Currently you can only create draft payments using make.com but it's better than nothing.
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Allen Bronton
commented
Bluevine is already doing this with QBO. I suggested to Bluevine that they consider integrating with Xero. Their response was that they would like to integrate whereever practicable.
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Michael James
commented
Crezco is a great solution in Uk for faster payments
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Rosie Leong
commented
Eliminate another layer of login - Time saver and not requiring any 3rd party apps
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Pam van Muijen
commented
Relay Financial Bank is a wonderful option for those that qualify.
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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.