The on-demand software QuickBooks Online is experiencing rapid growth, with millions of users turning to it every month. QuickBooks Online’s primary goal is to manage business financial tasks effectively. But users face a key challenge while managing financial resources is creating bills and invoices and here they think how to set up Melio in QuickBooks Online. This lack of QuickBooks Online creates a risk of late payments and several payment errors.
So, users think of setting up Melio in QuickBooks Online to get a smooth payment process. Most of the users ask how to set up Melio in QuickBooks Online. In this article, we will provide a detailed view of all the fields that will help you to meet your requirements.
What is Melio?
Melio is a payment platform that provides a well-designed interface to manage a business’s payments. This allows users to make payments through several payment methods, including debit cards and credit cards. As Melio allows credit card payments, accountants will be able to extend the cash flow. Melio also offers a mobile app for remote management for businesses that do not accept credit card payments. The best advantage that Melio offers is that it is free to use and doesn’t charge for subscription fee.
What is QuickBooks Online?
QuickBooks Online is an accounting software that provides a complete range of financial management tools. QuickBooks Online simplifies all the bookkeeping tasks by automating invoicing, tracking expenses, and creating financial reports. It offers some advanced features, including bank reconciliation, inventory management, and provides tools for taxation. QuickBooks Online provides cloud functionality that allows you to track all the real-time operations, which allows employers to access up-to-date information. This is why QuickBooks Online is the most preferred accounting software for small and medium-sized businesses.
Why You Should Set up Melio in QuickBooks Online?
The businessman gets scared when they see words like, cash or check only. They wish they could pay it online and earn some credits for the payment. Here, Melio comes to play, which will change the full scenario with its online payment method. Melio offers credit card payments for which you also get rewards for the bill payments. It gives users the convenience of secure transactions and faster payments.
QuickBooks Online provides features that will allow you to pay, but when you set up Melio, you will get more features that will enhance your payment methods. Melio also offers the option of instant bank transfer to businesses that want faster payment methods.
How to Set up Melio in QuickBooks Online?
Setting up a payment platform like Melio in QuickBooks Online can transform how users make secure payments with a simple tap without facing any errors. But the question is, how to set up Melio in QuickBooks Online in a secure way?
- Register for a “Melio” account.
- Then go to the settings.
- Now, have a click on “QuickBooks app store”.
- Log in to your “QuickBooks Online”.
- Now, connect “Melio” with “QuickBooks Online” through the “QuickBooks app store”.
- Allow access to Melio to collect all the data from “QuickBooks Online”.
- Now, add the company details to complete the setup process.
Sync QuickBooks Online through to Melio
The importance of data synchronization grows with the proper step-by-step method, with increased accessibility.
- Sign in to “Melio”.
- Then click settings.
- Now, click on “sync” the “accounting software”.
- Select “QuickBooks Online” and connect to “Melio”.
- Now again click on “Sync” to start data synchronization.
- Sync all the important data, including invoices and customer-associated information.
Sync the Accounts Receivable
This is one of the important steps in the payment process. Syncing the accounts receivable reduces duplication, eliminates errors, and frees up more valuable time for employees.
- First, Connect “QuickBooks Online” and “Melio”.
- Now sync both of them.
- Now check the bank information in “Melio” and “QuickBooks Online”.
- If you want to add a new account to this process, then click on “Add New Account”.
Conclusion
In conclusion, we want to say that both Melio and QuickBooks Online are important for business. But setting up Melio in QuickBooks Online will enhance your business in several ways. All businesses look for better bill management, so they look up how to set up Melio in QuickBooks Online. This setup will effectively boost your payment management process and reduce all the unwanted errors with ease. Furthermore you want to know any information or are facing issues while setting up, then connect to our QuickBooks ProAdvisor.