BILL.COM UPGRADES TO SYNC WITH QUICKBOOKSBill.com has added QuickBooks synchronization and workflow features to the latest version of its online accounts payable service. It now allows users to synchronize vendors and general ledger accounts with QuickBooks without affecting their existing financial reporting and procedures. The two-way synchronization transfers data to and from QuickBooks as an add-in through the menu bar. Bill.com can post follow-up action items directly in the user's Bill.com to-do list.
A new SmartEntry Account Splits feature enables organizations to not only record a bill to several accounts but also to initiate multiple approval workflows and payment audit trails. SmartEntry remembers whether previous bills required splits or not, and sets default accounts and departments or classes based on previous payments to the same vendor. Once splits are determined, users can assign a different approval workflow to different splits or assign multiple splits to the same approver workflow.
Bill.com has also made it easier to customize organization and user preferences. Users can now configure whether bills require approval once they are entered in Bill.com. If approvals are not required, a bill can be scheduled for payment as soon as it is entered.
PAYCHEX, EXPENSEWIRE TEAM IN ONLINE SERVICE
Payroll and benefits outsourcing concern Paychex Inc. has partnered with online expense management products provider ExpenseWire to power its Paychex Expense Manager - an integrated payroll and expense management product for small and midsized businesses.
Paychex Expense Manager streamlines the process of filing, reviewing, approving and reimbursing employee expense reports online.
Paychex Expense Manager features ExpenseWire's "rules engine," which warns approvers if an expense is outside of allowable limits, enabling them to manage expenses down to the line item. In addition, credit card integration enables users to create expense reports with greater speed and accuracy. For more information, visit www.paychex.com.
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