QuickBooks^® Request for Payment Invoicing

• ~ Automate Account Receivable Collection
• ~ Automate Account Payable Payments
• ~ One-time and Recurring Debits / Credits

Secure QB Plugin payment processing through QuickBooks ^® specializes in the origination of moving money electronically.

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Request for Payments

Integrating the "Instant Payments" FedNow platform into QuickBooks Online (QBO) for On-Time Bill Payment through a bank dashboard or a payee website payment page involves several key steps. This setup ensures that invoicing and payments are processed efficiently without incurring late fees or fines. Here’s a detailed guide on how to achieve this:

Integration Overview

1. Setup SecureQBPlugin.com
   • Registration and Setup: Register and set up SecureQBPlugin.com for your QuickBooks Online account.
   • API Configuration: Configure the API settings to enable communication between SecureQBPlugin.com, QuickBooks Online, and FedNow.
2. Generate and Send Digital Invoices
   • Digital Invoicing System: Generate digital invoices in QuickBooks Online.
   • Request for Payment (RfP): Create and send RfPs for both one-time and recurring payments.
3. Payment Methods Integration
   • Bank Dashboard: Configure the bank's online platform to support FedNow instant payments.
   • Payee Payment Page: Integrate FedNow payment processing on the payee’s website payment page.
4. Real-Time Payment Processing
   • FedNow Service: SecureQBPlugin.com processes the payment through the FedNow network, enabling instant fund transfers.
   • Payment Gateway Integration: Integrate the payment gateway that supports FedNow with SecureQBPlugin.com.
5. Reconciliation in QuickBooks Online
   • Automatic Reconciliation: SecureQBPlugin.com ensures that payments are automatically reconciled in QuickBooks Online.
   • Real-Time Updates: QuickBooks Online is updated in real-time with the payment status and transaction details.

Detailed Steps

1. Setup SecureQBPlugin.com:
   • Register: Create an account on SecureQBPlugin.com.
   • Connect to QBO: Link your QuickBooks Online account to SecureQBPlugin.com using the provided API keys and credentials.
   • API Configuration: Configure the API settings to ensure seamless communication between SecureQBPlugin.com, QuickBooks Online, and FedNow.
2. Generate and Send Digital Invoices:
   • Create Invoices in QBO: Use QuickBooks Online to create digital invoices for your customers.
   • Send Invoices: Send the invoices via email or through the customer portal.
   • Request for Payment (RfP): Use the RfP feature to request payment for the invoices.
3. Integrate Payment Methods:
   • Bank Dashboard Integration:
     • Work with your bank to enable FedNow payment capabilities on their online dashboard.
     • Provide customers with the option to pay their invoices through their bank’s online platform.
   • Payee Payment Page Integration:
     • Integrate a payment gateway on your payee website that supports FedNow.
     • Ensure the payment page is user-friendly and secure, allowing customers to make instant payments.
4. Process Real-Time Payments:
   • Payment Gateway: Ensure your payment gateway supports FedNow and is integrated with SecureQBPlugin.com.
   • FedNow Service: The FedNow service handles the instant transfer of funds from the payer’s bank to the payee’s bank.
   • Instant Payment Confirmation: Provide immediate confirmation to both payer and payee.
5. Reconcile Payments in QBO:
   • Automatic Reconciliation: SecureQBPlugin.com automatically reconciles payments in QuickBooks Online.
   • Real-Time Updates: QuickBooks Online is updated in real-time with payment status, transaction details, and reconciliation records.

Example Use Case: Monthly Utility Bill Payment

1. Setup Payment Schedule:
   • Set up a recurring monthly payment schedule for utility bills.
2. Generate and Send Invoices:
   • Create and send invoices from QuickBooks Online.
   • Automatically generate and send RfPs a few days before the due date.
3. Customer Initiates Payment:
   • Customer logs into their bank’s online dashboard or visits the payee’s website.
   • Views the due bill and initiates an instant payment using FedNow.
4. Process and Confirm Payment:
   • FedNow processes the payment instantly.
   • Both customer and payee receive immediate payment confirmation.
5. Reconcile and Notify:
   • The payment is automatically reconciled in QuickBooks Online.
   • Notifications are sent confirming the successful payment.

Benefits

1. Speed: Instant payment processing improves cash flow and reduces waiting times.
2. Convenience: Customers can choose their preferred payment method (bank dashboard or payee payment page).
3. Efficiency: Automated reconciliation reduces manual effort and errors.
4. Integration: Seamless integration with QuickBooks Online ensures accurate financial records.

Implementation Tips

1. Testing: Thoroughly test the integration in a sandbox environment before going live.
2. Security: Ensure that all data transfers and transactions comply with security standards to protect customer information.
3. Training: Provide training for your staff on using SecureQBPlugin.com and handling FedNow payments.
4. Support: Utilize customer support from SecureQBPlugin.com and QuickBooks Online for any issues or questions during the integration process.

By following these steps, you can effectively manage on-time bill payments using the FedNow real-time payment platform, integrated into QuickBooks Online through SecureQBPlugin.com. This ensures timely payments, streamlined processes, and accurate financial management.

Call us, the .csv, text messaging and or .xml Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) show how to implement Create Real-Time Payments Request for Payment File up front delivering message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continuing through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.

Our in-house QuickBooks payments experts are standing ready to help you make an informed decision to move your company's payment processing forward.

 1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory data for completed file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support

2) We create .csv or .xml formatting using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.

Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,

3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our On-Time Bill Payment system.

Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG

4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.