Frequently Asked Questions
Below is a collection of frequently asked questions that address how Bill.com can help your business through online payments via ACH, simplify the accounts payable bill approval process, and have your customers pay you faster through electronic payments via ACH or credit card.
How do I activate my paynomix.com account?
To complete account activation, look for the activation email in your inbox. Alternatively, you can reset your password.
How do I know if paynomix.com is right for my business?
Our cloud based solution is a cash flow management software that helps businesses save time and money on their accounts payable and accounts receivable processes. Bill.com works with leading accounting software QuickBooks, Xero, NetSuite, Intacct, and others to ensure there is no double entry when using Bill.com. Bill.com eliminates the hassles associated with bill pay for businesses, and it will get you paid 2 times faster compared to the standard paper-based methods.
How is paynomix.com different from accounting software?
paynomix.com integrates with QuickBooks Online, QuickBooks Desktop, Xero, NetSuite, and Intacct to enable your business to pay bills electronically via ACH and get paid electronically from your customers.
What are ACH payments?
paynomix.com allows businesses to pay bills and receive ePayments through ACH, which is the quickest, most efficient and cost effective method to pay or receive payment.
What is EFT Payment (electronic funds transfer)?
paynomix.com helps businesses make EFT payments, which is a quick and secure way for business to business transactions.
How to use Auto Bill Entry to speed up bill processing
Online bill payments will never be the same! Bill.com offers a service that automatically inputs bills into Bill.com, making your Business Bill Pay as seamless as ever. Auto Bill Entry is a service that extracts bill information from documents in your Bill.com inbox and turns it into a bill, ready for you to review, approve, and pay. It can also automatically process and prepare any uploaded, emailed or faxed invoices. Partnering with CloudFactory, we combined machine and human intelligence to provide a secure and seamless process for extracting key data from uploaded documents. Meaning you can spend less time on outdated practices and put that time back into your business.
Is paynomix.com Secure?
paynomix.com is designed with your privacy and security in mind, providing six categories of protection to help guard your money and sensitive information.
Accounts Payable Questions
What is Accounts Payable?
Accounts payable (AP) is when a company makes purchases from a vendor on credit that needs to be paid. Since accounts payable are a form of debt, it’s shown as a liability on a company’s balance sheet under short-term (or current) liabilities.
How does paynomix.com simplify your accounts payable process?
How to pay with eChecks in your business?
Paying with eChecks, or ACH Payments, is an easy, secure way to manage your business payments. With tools such as Bill.com, you can also automate many of the painstaking tasks associated with the accounts payable process.
How does paynomix.com ensure there is a clear separation of duties?
paynomix.com ensures there is a clear separation of roles in our online business payment system
How can paynomix.com help get bills approved and paid faster?
paynomix.com works with your business to allow remote employees and remote locations to access and pay bills anytime, anywhere.
Accounts Receivable Questions
What is eBilling?
Savvy business owners know they need to stay on top of their accounts receivable so they can get paid within a reasonable time period. Doing so optimizes their cash flow and keeps the business afloat. But the billing process can be work-intensive and time-consuming. One surefire way to make sure receivables are paid on a timely basis with less work is through eBilling.
What is Accounts Receivable?
Accounts receivable are the outstanding bills (or money owed) from a business’s clients. Since these invoices are cash to be received, it’s recorded as an asset on the business’s balance sheet. Businesses can maintain a healthy cashflow by operating with an efficient accounts payable and accounts receivable process.
How does paynomix.com automate my accounts receivable process?
Accept electronic payments such as ACH payments, EFT transfers, and process credit cards through Bill.com. Automate your accounts receivable process with recurring invoices and overdue notices.
How to accept credit cards with paynomix.com
paynomix.com helps you accept and process credit cards for business payments and transactions at a low cost.
How to process eChecks for your business
Accept and process eChecks, or ACH payments, to get paid faster and simplify your accounts receivable process with paynomix.com.
How can paynomix.com replace credit cards?
Replace credit card processing fees with low cost ACH Payments
How can paynomix.com be a PayPal Alternative?
paynomix.com is an alternative to PayPal, avoiding high PayPal fees using ACH payments when getting paid by vendors.
How can I process payments for my businesses?
paynomix.com provides a payments processing platform for businesses to get paid through ACH payments and process credit cards. Save time and money by getting paid electronically.
How do I use paynomix.com as a payment gateway for electronic payments?
Use paynomix.com as a payment gateway to get paid through domestic ACH, international wires in USD or local currency, virtual card, or check.
Can I send electronic invoices to my customers?
Send customers electronic invoices through Bill.com and get access to recurring invoices, automatic payment reminders, automatic overdue notices, electronic payments through ACH, and more.
International Payments Questions
How does paynomix.com support international payments?
paynomix.com provides a way for business to pay international vendors electronically.
Software Integration Questions
How does paynomix.com integrate with QuickBooks?
paynomix.com is the paperless payments solution that syncs seamlessly with QuickBooks and connects to your bank, facilitating faster payments and receivables.
How does paynomix.com integrate with Xero?
How does paynomix.com integrate with NetSuite?
An integrated business bill payment SuiteApp solution for NetSuite that allows you to pay bills electronically via ACH payments and automate your accounts payable workflow.
How does paynomix.com integrate with Intacct?
paynomix.com lets Intacct users pay bills electronically, simplify the bill approval workflow, and accept payments via ACH, international wires in USD or local currency, virtual card, or check.
Integration with Great Plains, Sage, and Others
paynomix.com works with Great Plains Dynamics and Sage with import and export feature
Paynomix is a simple but powerful solution that helps your business operate the way you wish it could. Try it risk-free today.