Bill com Review 2023: Pricing & Features

For example, if you hover over Invoices, a submenu drops down containing links to Open Invoices, Recurring Invoices, and Credit Memos. The final section of the navigation pane includes links for reports and other miscellaneous screens, like support and expense management. By walking you through the basic processes at the start, you learn how easy it is to comply with the workflow. So, with Bill.com, it’s a good idea to familiarize yourself with the site’s core tasks before you start dealing with other settings. When you log in for the first time, Bill.com requires that you complete a multi-factor authentication process by entering a code sent to you via phone or text. You must also verify your email before you can start the setup process.

Further, Bill.com’s main goal is to help small and medium-sized businesses gain time for their business through their tools. They accomplish this by integrating with other software such as Quickbooks, Xero, and Oracle NetSuite. Last, the Bill.com app for Apple and Android will enable you to approve and pay your bills on the go.

Per user per month, and $1,500 one-time implementation fee for integration support

Both plans only allow users to manage their accounts payable or receivable, but not both. In order to manage both accounts payable and receivable, users must upgrade to the Corporate plan. This plan offers the same integrations as the Team plan, but users have access to a more robust financial management platform.

While the Team plan includes integrations with QuickBooks and Xero, these are not available on the Essentials plan. However, the Essentials plan does allow users to manually import and export CSV files into accounting software. While their accounts payable product is excellent, as an invoicing solution alone there are better options with more features, customizations, and designs, such as Invoice Ninja and Invoicera. If your vendor prefers to receive the payment in USD, please refer to our pricing page for details. However, like any other USD wire, intermediary banks may charge your vendor additional fees. BILL does not have control over intermediary bank fees when you send payments in USD.

What kind of company is Bill.com?

The cloud-based software is AI-enabled and allows businesses to automate complex, back-office financial operations. Bill.com and FreshBooks offer a similar range of features, with customizable invoices, payment processing, and accounting functionalities. https://www.bookstime.com/ However, Bill.com offers unlimited document storage, which FreshBooks doesn’t, and FreshBooks offers integrated time-tracking, where Bill.com doesn’t. Tracks accounts payable and accounts receivable and syncs with accounting software.

Bill.com is a cloud-based automation software for accounts payable and accounts receivables; however, the company defines it as an intelligent digital business platform. Thus, the collaboration between the provider, supplier, and client is easy and time-efficient. In addition, the solution is more than the basic AP/AR tool through its AI-powered automation https://www.bookstime.com/articles/bill-com system. Since launching International Payments in July 2018, Bill.com has seen rapid adoption of its digital business payments platform. Small and mid-size companies in the US now can pay vendors in over 40 countries, including the Eurozone, UK, India, and China. Paying international vendors in local currencies has several cost-saving benefits.

Bill.com Review

On TrustRadius, Bill.com received a score of 7.1 out of 10 based on more than 50 reviews. While many users lauded the platform’s ease of use, document management features, and accounting integrations, some were dissatisfied with the customer service. But when you’re the one receiving international payments, there are different obstacles to deal with.