QuickBooks® Request for Payment Invoicing
The Best Solution for Instant 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
Integrating FedNow's Request for Payment (RfP) feature into QuickBooks Online (QBO) can significantly enhance your business's payment processing efficiency. Here’s a step-by-step guide to help you integrate and use this feature in QBO:
Step-by-Step Integration Guide
1. Ensure Compatibility
First, confirm that your financial institution supports FedNow and that it can integrate with QuickBooks Online.
2. Register for FedNow
Contact your financial institution to register for the FedNow service. This may involve providing necessary business information and setting up your account for instant payments.
3. Access QBO Settings
Log in to your QuickBooks Online account and navigate to the settings area where you manage integrations and payment services.
4. Link FedNow to QBO
Within the settings, look for options related to payments or bank feeds. You’ll need to link your business bank account, which is registered with FedNow, to QuickBooks Online. Follow these steps:
- Go to the Apps section in QuickBooks Online.
- Search for FedNow integration (if available) or look for third-party apps that support FedNow payments.
- Install the app or integration module that facilitates FedNow payments.
- Connect your bank account registered with FedNow to QuickBooks.
5. Configure RfP Settings
Once linked, configure the Request for Payment (RfP) settings:
- Set up payment request templates: Customize the payment request templates to include necessary details such as invoice number, amount, and due date.
- Automate notifications: Set up automated notifications to be sent to payers when a payment request is generated.
6. Create and Send Payment Requests
To send a payment request using FedNow:
- Create an Invoice: In QuickBooks Online, generate an invoice for the goods or services provided.
- Send RfP:
- Open the invoice and select the option to send a Request for Payment via FedNow.
- Enter the payer’s details (e.g., email or phone number) where they will receive the payment request.
- Send the payment request.
7. Payer Actions
The payer receives the RfP notification and can approve the payment instantly through their financial institution's interface.
8. Receive and Reconcile Payments
Once the payer approves the payment request:
- Funds Transfer: Funds are transferred instantly to your linked business bank account.
- Automatic Reconciliation: QuickBooks Online automatically matches the received payment to the corresponding invoice, updating its status to “Paid.”
Additional Tips
- Monitor Transactions: Regularly monitor transactions in QuickBooks Online to ensure all payments are correctly processed and reconciled.
- Customer Communication: Inform your customers about the new payment option and provide instructions on how to respond to payment requests.
- Security: Ensure that all payment requests and transactions comply with security best practices to protect sensitive financial information.
Benefits of Integration
- Speed: Instant payments improve cash flow by providing immediate access to funds.
- Efficiency: Automates and streamlines the invoicing and payment process, reducing manual efforts.
- Accuracy: Reduces errors in payment processing and reconciliation, ensuring accurate financial records.
By following these steps, you can successfully integrate FedNow’s Request for Payment feature into QuickBooks Online, enhancing your business's payment processing capabilities.
Call us, the .csv, text messaging 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. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.
Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods 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) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Instant Request For Payment system.
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 FedNow Real-Time Payments Bank Reconciliation:
Dynamic integrated with FedNow & Real-Time Payments (RtP) Bank Reconciliation: Accrual / Cash / QBO - Undeposited Funds
Give Us A Call
(866) 927-7180