Lisa2112
Level 4
‎August 08, 2024 11:09 AM

TD Bank Plugin with QBO

Good Afternoon, I apologize ahead of time for my lack of knowledge in this area but that's why I'm here, hoping someone can shed some light.  We use TD Bank for all our banking.  Our accounts are directly connected with QBO.  When our invoices are sent there is a review and pay link in the email the customers use to make payment.  The system records the payment and when the payment hits the bank it comes through and gets applied with the daily banking update.

 

TD is stating is we use their plug in they can save us some money from what we currently pay for fees to QBO for receiving cc and ACH payments.

 

Is anyone out there who uses this plugin?  What would differ in process if we do this?  Right now I really don't have to do a thing as all the info is imported from the bank.  Will there be further steps involved if I use this plugin?  What happens to the review and pay link that is sent in the email body when I invoice?

 

Any input is greatly appreciated.  

 

Lisa

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jeanbiverly_
QuickBooks Team
QuickBooks Team
‎August 08, 2024 12:01 PM

Banking

A pleasant afternoon to you, @Lisa2112. It’s truly commendable that you’re seeking out more details about TD Bank's plugin for payment processing. Your proactive approach is sure to lead to the best decision for your business.

 

Given our limited resources on this, I highly encourage you to connect directly with TD Bank. They can provide specific answers regarding how their plugin integrates with QuickBooks, the recording and reconciling of payments, any additional steps for payment tracking, and the overall impact on your workflow.

 

I’m attaching a couple of articles that provide further insights into QuickBooks Payments:

 

 

Please know that I’m here for you, so don’t hesitate to reach out if you have any other questions or concerns. Your success is important to me, and I’m glad to support you along the way. Have an amazing day, Lisa!

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mkaur
Level 1
3 weeks ago

Banking

Hi I want to use vendors automatically selected in td bank for eft payments.

 

Please advise.

 

Thank you.

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Dandie_A
QuickBooks Team
QuickBooks Team
3 weeks ago

Banking

Thanks for reaching out. To ensure I assist you correctly, could you clarify whether you want to pay your vendors electronically (ACH/EFT) directly through QuickBooks? Or are you trying to connect/sync your TD Bank vendor payment setup with QuickBooks?

 

If you're looking to sync from TD Bank, just a heads up that QuickBooks doesn't support this since they operate as separate systems. TD Bank would be the right team to help you out with that.

 

If your goal is to pay vendors electronically through QuickBooks, the recommended method is QuickBooks Bill Pay. Once QuickBooks Bill Pay is set up and your bank account is connected, you'll be able to send payments to your vendors straight from QuickBooks.

 

For more information on how QuickBooks Bill Pay works, please refer to this article: Learn about QuickBooks Bill Pay.

 

Let us know if you have more questions or need further assistance.

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