Learn how to make a payment to a vendor in Online Bill Pay.
Save time by making a vendor payment through Online Bill Pay (available feature since Jan 12, 2018). In this article, we'll explain what you need to know about this feature and how to make a payment.
When setting up bank transfers with your vendor, there's a few things to know:
You can only set up bank transfers with a vendor through a private bank add. After manually adding a vendor's bank account, the earliest process date for the first payment is 2 business days after the date the vendor's bank account was added. This is to ensure the test deposit is completed successfully.
If the test deposit isn't successful and the bank account is invalidated, the payment will still process, but it will go out as a check payment.
If a payment needs to be made immediately, schedule a check payment prior to adding the vendor's bank account.
Make a vendor payment
When making a payment, a bill will be created behind the scenes and synced back to QuickBooks Online along with the payment initiated. You can code the necessary tracking categories required for the bill.
Login to your QuickBooks Online account.
On the dashboard, select the Bill pay online widget.
Select the Make a payment tab.
Enter payment information for vendor.
Select Choose delivery method.
Select Bank transfer or Check.
(Note: For a bank transfer, if the vendor hasn't already been set up, enter bank account details.The bank account will be auto-confirmed immediately. For check, select a process date and edit vendor information if necessary.)
Select Review and submit.
Select Submit payment.
A bill is automatically created in the background for this payment:
The description field on the bill is populated with Pay a Vendor Auto Created Bill.