What payment scheduling options does Bill.com offer for managing cash flow timing?
Answered at 5:52 in Digital Tools & Outsourcing Tips with Sara Snyder · The Progressive Agency Podcast
What payment scheduling options does Bill.com offer for managing cash flow timing?
Bill.com allows owners to schedule when bills are paid, with flexibility to process payments immediately or on specific dates such as the 15th or 30th of the month. When approving an invoice, the system asks what day the payment should be processed. It supports multiple payment methods including ACH transfers, check payments, and credit card payments.
Full answer and detailsRead the whole answer, key facts and every other question from this episode
In short
Bill.com allows owners to schedule when bills are paid, with flexibility to process payments immediately or on specific dates such as the 15th or 30th of the month.
Sara Snyder, Lead CFO at Progressive Agency · Digital Tools & Outsourcing Tips with Sara Snyder · The Progressive Agency Podcast · answer at 5:52
Key takeaways
- Bill.com allows owners to schedule when bills are paid, with flexibility to process payments immediately or on specific dates such as the 15th or 30th of the month.
Quote to remember
“You have a team that this is what we do all the time. You're not having to retrain people or show people your process.”
— Sara Snyder
The full answer · about 2 min
Bill.com allows owners to schedule when bills are paid, with flexibility to process payments immediately or on specific dates such as the 15th or 30th of the month. When approving an invoice, the system asks what day the payment should be processed. It supports multiple payment methods including ACH transfers, check payments, and credit card payments.
Key facts
- Sarah Snyder has been at Progressive Agency for approximately three years
- Bill.com processes payment methods including ACH, credit card payments, and check payments
- Common bill payment schedules: net 30, weekly processing, or specific dates like the 10th and 25th of the month
People, companies and topics mentioned
More answers from this episode
- 3:10How does Bill.com streamline accounts payable processing for remote teams in agencies?
- 4:10How does Bill.com detect and prevent duplicate invoice payments?
- 8:27What are the main benefits of outsourcing accounts payable and receivable services instead of hiring in-house bookkeeping staff?
- 10:20What additional accounting services beyond AP and AR do agencies need for better financial management?
- 12:28How does understanding agency-specific accounting practices improve cash flow and tax planning outcomes?