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Everything you need to know about banking in QuickBooks Online - Discover more
Peggy Yuan
Level 1

Payment method

We don't have a coporation card. So We have to pay by direct debit. But I can't input the entire company name in the blank. Is it possible to pay by bank transfer

1 REPLY 1
Rea_M
Moderator

Payment method

There are two possible scenarios that I can think of based on your concern above, @Peggy Yuan. First is you want to pay your suppliers. Second is your payment for your QuickBooks Online (QBO) subscription. Let me provide further details about this.

 

If this is for your suppliers, they are in full control of how you can pay them. Yes, it's possible to pay by bank transfer as long as they allows you to use it as your payment method. Actually paying suppliers via QBO isn't currently an option. You'll have to log in to your online banking account and pay them separately.

 

To track all your business expenses in QBO, you'll have to record the bill you receive. Then, you can close it by creating a payment using the Pay bills option. Here's how:

  1. Go to the + New button.
  2. Under Suppliers, select Pay bills.
  3. Select the appropriate Payment account and enter or verify the Payment date.
  4. Click the checkbox for each bill to pay.
  5. Enter the amount of the payment to be applied in the Payment column.
  6. Select Save and printSave, or Save and close.

 

In case your suppliers aren't allowing the bank transfer/direct debit method for payments, I'd recommend contacting them directly and verify other payment methods they're letting their customers use.

 

On the other hand, if this is about the payment for your QBO subscription, Intuit accepts direct debit. Just visit the Billing & Subscription menu and select the Direct Debit option in the Payment Information window. Then, enter all the needed information to complete the process.

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To effectively manage your suppliers and expense transactions, as well as your account information in QuickBooks, you can refer to this article: Help articles for QuickBooks Online. It contains helpful articles about MTD, customers, suppliers, and VAT to name a few.

 

Please let me know if you have other concerns. I'm just around to help.

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