QuickBooks Payments
Simplify payments from invoice to reconciliation.
Executive Summary
QuickBooks Payments is an integrated service designed to streamline the process of accepting payments and managing invoices directly within the QuickBooks ecosystem. It enables businesses to send electronic invoices and accept various payment methods, including credit cards and bank transfers (ACH), facilitating faster payments and improved cash flow. The service provides real-time status updates on invoices and automates the reconciliation process, linking payments directly to accounting records. It supports mobile payment acceptance and is built with robust security features, including advanced encryption and compliance with standards like SOC 2 and GDPR, ensuring secure and reliable transaction processing. Integrated seamlessly with QuickBooks Online and other QuickBooks products, QuickBooks Payments aims to simplify financial management for small businesses and accountants by offering a comprehensive solution for payment processing, from initial invoice creation to final reconciliation, often leveraging AI-driven insights from Intuit Assist.
Use Cases
- Sending electronic invoices and accepting online payments directly from QuickBooks.
- Processing credit card payments for goods or services, whether online, in-person, or over the phone.
- Accepting bank transfers (ACH) for larger transactions or recurring payments with lower fees.
- Automating the reconciliation of payments with corresponding invoices within QuickBooks accounting.
- Tracking invoice status, sending payment reminders, and managing payment activity from a centralized dashboard.
Features
Visibility
- Invoice Status Updates: Get real-time updates on invoice delivery, viewing, and payment status directly within QuickBooks.
- Transaction History: View a comprehensive history of all processed payments and transactions for easy tracking and reconciliation.
Intelligence
- Intuit Assist Integration: Leverages AI for smart suggestions and automation within the payment workflow, enhancing efficiency.
- Cloud Analytics for Payments: Transforms payment data into actionable insights, helping businesses understand payment trends and financial performance.
Technical Specifications
- Architecture
- Cloud-native
- Deployment
- SaaS
- API Available
- Yes
Integrations
- Salesforce
- Mailchimp
- BrokerMint
- API Nation
- LetSync Online
- SignWell
- SysCloud Backup
Security & Compliance
Certifications: SOC 2, GDPR
Encryption: 256-bit AES encryption for data at rest and TLS/SSL security for data in motion.
Pricing
- Model
- Transaction-based fees
- Starting Price
- Varies by transaction type (e.g., 1% for ACH, credit card rates vary)
- Target Customer
- SMB
- Contract Type
- Pay-as-you-go (per transaction)
- Free Trial
- Yes
About Intuit (QuickBooks)
Intuit is a global technology platform that helps customers and communities overcome their most important financial challenges. It builds innovative products and services like QuickBooks, TurboTax, Credit Karma, and Mailchimp, serving approximately 100 million consumers and small businesses.