If you use QuickBooks Online, here’s why you should try Melio
If you’re using QuickBooks Online to manage accounting for your small business, you’ll still need a comprehensive and cost-effective way to pay your bills. This way is called Melio.
Melio’s business-to-business (B2B)Business-to-business (B2B)Business-to-business (B2B) refers to operations done between businesses. B2B payments are transactions made between two businesses or companies. payments platform allows you to manage all your bills and invoices, schedule payments, and improve your cash flow in the process. It also syncs perfectly with QuickBooks Online.
You don’t even need to remember another username or password. You can simply sign in or sign up for Melio with your existing Intuit credentials and you’ll be ready to go.
The benefits of using Melio with Intuit
No business can function without bill pay.Bill payBill pay refers to the process of paying bills, such as rent, utilities, or credit card payments, through an online or mobile payment service. Late or inefficient payments can have a negative impact on your relationships with vendors, resulting in downgraded terms, late fees, and sometimes even litigation. That’s especially problematic for small and medium-sized businesses (SMBs) that are more vulnerable and heavily affected by unexpected expenses or supply shortages.
The good news is that Melio offers QuickBooks Online users a seamless digital payment experience that gives you the tools and flexibility you need to manage your accounts payable (AP) properly.
Below are eight added bonuses that SMBs already using QuickBooks Online get from Melio.
Signing in to Melio using your Intuit credentials gives you the ability to sync your data between QuickBooks Online and Melio.
This means your bills, vendor details, and payments will sync between Melio and Quickbooks Online. You can easily pay your bills directly from Melio, using the payment method of your choice and your bill will automatically be marked as paid on Quickbooks Online.
Unlimited free ACH bank transfers
Melio charges no subscription fees and allows you to send as many payments as you need via ACH bank transfers for free.
There are no strings attached and no hidden fees.
Melio offers live chat support* right from its platform. When signing in directly to Melio you can type in any questions you may have and immediately hear back from a human representative.
They can help with adding funding sources, syncing with QuickBooks Online, sending payments, managing your bills and vendors, and any other issue you may encounter.
If you’re working with an outside accountant or delegating some of your accounts payable tasks to people in your team, that doesn’t mean you have to lose control over your finances.
With Melio, you can set up payment approval workflows so you’ll always know what’s happening with your payments. You can assign different roles to various people on your team providing them with permission to perform actions on your behalf, including scheduling payments.
You can also set a threshold so that any payment exceeding it will require approval from you. This helps manage your cash flow by ensuring you’re aware of any large payments coming out of your account.
Faster payment options
A standard ACH transfer (which is completely free on Melio) takes three business days to complete. But what if you’re in a hurry because your bill is due sooner? Don’t sweat it, we’ve got your back.
Using Melio, you can send a same-day ACH transfer for a 1% fee (and there’s a cap on that so you’ll never pay more than $30 per payment).
What if your vendor insists on a check but won’t wait a week for it to arrive in the mail? For a $20 flat fee, you can use Melio’s expedited check service so it arrives at their door in just three business days.
ֿMelio supports international payments in U.S. dollars to banks in over 80 countries. This means you can use Melio to pay your vendors through the same platform, regardless of where they are in the world.
Every business, big or small, can run into cash flow issues from time to time. Whether it’s an unexpected expense like repairs or a growth-inducing investment in new equipment, sometimes you just need more time to cover a large bill.
That’s when financing options become a lifeline. With Melio’s new pay over time feature, you can choose net 30 as your payment terms or divide the bill into smaller monthly installments deducted from your bank account. Costs and timelines are always transparent and you’ll know immediately whether your financing request was approved.
And your vendor? Their payment is sent in full right away through their preferred delivery method, regardless of how many installments you choose.
Credit card payments
Sometimes, you just need a little extra time to cover a bill. Maybe you’re waiting for a check to clear or you had some large expenses coming out of your account recently.
Paying your business bills with a credit card is a great way to bridge this gap without taking out a loan or applying for financing. Paying with a card allows you to defer payments until your next billing cycle, which could mean up to 60 days of extra float.
For a 2.9% fee, Melio allows you to pay by card,** even if your vendor only accepts checks or ACH bank transfers. You get to choose the payment method that works best for you, while they get paid however they like.
You can’t always be at your desk. Whether you’re on the way to a client or on vacation, sometimes your bills are due at a less convenient time.
Melio’s mobile app allows you to pay your business bills on the go while enjoying many of the features available on its web platform.
While it’s currently only available to iOS users, an Android version is coming soon.
How to sign in to Melio with Intuit
- Go to our signup page and click sign in with Intuit.
- Enter your Intuit username and password then click sign in.
- On the next screen click authorize to let Melio access your Intuit profile information.
- Click connect to allow the sync between Melio and Intuit.
Already have a Melio account?
If the email you used to sign up for Melio is the same as the one you used for Intuit, you can follow the same steps listed above.
If not, you can also set up your sync manually through Melio’s settings.
Start the perfect sync today by signing up for Melio with your Intuit credentials.