QuickBooks® QBO + FedNow® Payables Integration

FedNow® Payables integrated with QuickBooks® Online (QBO) allows businesses to send instant payments directly from QuickBooks®, automating vendor, supplier, and payroll transactions in real-time. Unlike traditional ACH, wire transfers, or checks, FedNow® processes payments within seconds, 24/7/365, ensuring faster, more efficient cash flow management for businesses of all sizes.

With seamless QuickBooks® integration, businesses can schedule, process, and reconcile real-time FedNow® payments without manual intervention, eliminating delays, reducing transaction costs, and improving vendor relationships.

Benefits of FedNow® Payables in QuickBooks® Online (QBO)

✅ 1. Real-Time Payments Directly in QBO

• Pay vendors and suppliers instantly from within QuickBooks® Online.
• 24/7/365 availability—no waiting for ACH batch processing or bank cut-offs.

✅ 2. Automated Reconciliation & Cash Flow Management

• Payments automatically update in QuickBooks®, eliminating manual entry errors.
• Real-time cash flow insights help businesses make faster financial decisions.

✅ 3. Lower Transaction Fees vs. ACH, Wires & Credit Cards

• FedNow® transactions are faster and cheaper than wire transfers.
• Avoid high credit card processing fees (2.5%–3.5%) and ACH delays.

✅ 4. Secure, Fraud-Resistant Transactions

• FedNow® transactions are final and cannot be reversed, reducing fraud and chargebacks.
• QBO integration ensures secure payment processing with encrypted transactions.

✅ 5. Faster Vendor Payments & Stronger Business Relationships

• Instant settlement eliminates late payment penalties.
• Vendors get immediate access to Good Funds, improving trust and supply chain efficiency.

How FedNow® Payables Works in QuickBooks® Online

1️⃣ Log into QuickBooks® Online and select a bill or invoice for payment.
2️⃣ Choose FedNow® as the payment method, ensuring instant settlement.
3️⃣ QuickBooks® automatically processes the real-time payment, updating your records.
4️⃣ Vendors receive funds immediately, with instant reconciliation in QBO.

This eliminates the need for manual payment processing, delayed settlements, and reconciliation headaches, making it a seamless payables automation solution.

Use Cases for FedNow® Payables in QuickBooks® Online

������ Vendor & Supplier Payments – Pay invoices instantly, avoiding late fees.
������ Payroll & Contractor Payments – Pay employees and freelancers without delays.
������ Recurring Expenses – Automate scheduled payments for rent, utilities, and services.
������ Intercompany Transfers – Move funds between business accounts instantly.
������ E-commerce & Retail Payments – Ensure just-in-time inventory payments.

FedNow® Payables vs. Traditional Payment Methods in QBO

Feature	FedNow® Payables in QBO	ACH Transfers in QBO	Wire Transfers	Credit Card Payments
Speed	Instant (seconds)	1–3 business days	Same-day (cutoff restrictions)	1–3 business days
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than wires & credit cards	Low, but slower	High ($15–$50 per transfer)	2.5%–3.5% + fees
Reconciliation	Automated in QuickBooks® Online	Manual batch processing	Manual reconciliation	Dispute-prone transactions
Best For	Vendor payables, payroll, supplier transactions, real-time expenses	Recurring batch payments	Large, one-time international transactions	Consumer transactions

How to Integrate FedNow® Payables with QuickBooks® Online

������ Check with Your Bank or Payment Provider – Ensure your financial institution supports FedNow® transactions in QuickBooks®.
������ Enable FedNow® in QuickBooks® Online – Activate real-time payments under bill payment settings.
������ Integrate with ERP & Accounting Software – Sync transactions with QuickBooks®, NetSuite, SAP, or other financial tools.
������ Train Your Finance Team – Educate employees on real-time payment workflows for vendor & payroll processing.

������ Upgrade your QuickBooks® Online payables with FedNow® today! Contact us below to enable instant payments and automate financial operations.