MSM Advisors utilizes many innovative tools in our tech stack to help our Virtual Chief Financial Officer (CFO) clients and all our business services modules get the support they need to be successful. One of these tools is Bill.com.

Bill.com allows businesses to pay bills and receive ePayments by using the Automated Clearing House network (ACH), the quickest, most efficient, and cost-effective method to pay or receive payment. Bill.com helps businesses to make timely and secure business to business transactions through Electronic Funds Transfer (EFT) payments.

Do not confuse Bill.com with accounting software.

This online business payments solution is cloud-based and exclusively developed to work with proven industry accounting software, including QuickBooks, QuickBooks Online, Intacct, Xero, and NetSuite. It picks up where accounting software ends by:

Making your accounts payable process more efficient and enabling electronic payments via ACH (or EFT)
Allowing your accounts receivable process to accept business payments through ACH, credit cards, and PayPal

Bill.com works with your accounting software, and any changes you make in one system will automatically update in the other. The two separate systems work in sync. With these features, your business will save time and money while helping you manage your cash flow.

MSM Advisors can help large and small business streamline their bill-paying processes with Bill.com’s many applications:

Bills are paid and processed in minutes – Bill.com generates statements for your approval.
Options for payments – You can use domestic ACH, international wires in U.S. dollars or local currencies, virtual card, or check.
Control your cash flow – Customers get automatic electronic reminders and invoices.
Keep records up to date and accurate – Bill.com syncs with your accounting software for immediate data entry to avoid double entry and improve the accuracy of your files.
Find documents faster – Every file is at your fingertips so you can quickly find invoices, bills, and other supporting items. With the constant organization, you will be organized and audit-ready any time.