Once you approve it in Xero, we automate the scheduling, batching (or payment) and reconciliation of your BPAY bills. With our Xero integration and automated workflows, you can pay multiple bills using a BPAY batch file, or we can pay it for you under the auto-pay option. Run Parakeet in parallel with your existing payment providers or selectively on certain invoices or customers. Simply create your trial account in uCollect and connect it to your Xero ledger.

You can also add an extra layer of control by enabling Parakeet’s in-build approval step. We will never pay your bills unless you have approved it in Xero. Your finance, accounts and bookkeeping team will appreciate this… Bring your ‘bank’ merchant facility to Xero invoices and save. Now instead of your allocating the $6,187.50 entry to the 30 BPAY bills, you simply have to do a «1 — click transfer» to your ‘Parakeet AP Clearing (Final)’ account.

Can you pay the same BPAY biller BUT with different reference numbers each time?  Can you automate this?

It is used for sending (direct credits) and receiving (direct debits) payments. UCollect can prepare the DD ABA file for you to upload to the bank (the banks do not provide us with an interface to be able to do this on your behalf). For invoices,  use the new early payment discount capability combined with payment options such as BPAY, direct debit and cards to get paid earlier. Once we verify your bank account details and KYC checks, you are ready to accept online payments via direct debit.

Yes, you load your Bank Accounts and Credit Cards into your Parakeet Wallet and rank your payment methods in order or preference. We will pay your BPAY bills using your prioritised payment method. For BPAY autopay, after approval,  we schedule & pay the bill on the due date. You can set up the BPAY bills in Xero and either you or another approver can approve the bills in Parakeet.

Early payment discounts for Xero.

You input the BPAY and customer reference number (CRN)  into the ‘batch payments’ section of your Xero contacts. We can either automate the payment of all your BPAY bills or just provide you with the BPAY batch. For any BPAY bills you paid via Card, we create a ‘spend money’ in Xero and record it against the interim clearing account and book it under your new surcharge expense account.

UCollect helps you automate the collection of invoices through pre-authorized credit card and ACH/Direct Debit charges. Get paid automatically, regardless of the amount or frequency of your invoices. Fully integrated with Xero we avoid those annoying synchronization processes and errors. No need to chase up unless the collection fails (and we handle failures automatically for some gateways). UCollect has saved users hours of time each month and helps ensure that cash keeps flowing in your business.

Which option suits your business best?

This is done automatically for 10 or 100 or 1000 BPAY bills, saving you time and effort. When you register, you will tell us which bank to create the BPAY batch aba files xero for. Security protocols across our platform, applications and API integrations have been fully audited and certified with this globally recognised standards.

Every BPAY bill paid (or batched) is individually marked as paid in Xero and closed out correctly to save you time and effort. We can even customise it so we batch (or pay) xx days before the due date so you are never late. Drag & Drop to prioritise them in the https://bookkeeping-reviews.com/ order you like and we will make the payment to your BPAY biller on the due date or xx days if you prefer (customisable). You don’t need to change payments provider or disrupt your AR processes. Pay and reconcile all your BPAY & Supplier bills automatically.

What about non-BPAY suppliers/vendors?

We accept all approval tools such as Xero’s in-built approval button or another app like Approval Max. Under BPAY Auto-Pay — once the BPAY bills are paid on your behalf, we mark the BPAY bills as ‘Paid’ in Xero.

• Simply log back in the next day and any invoices that were due for collection will be included in the current batch.
• You input the BPAY and customer reference number (CRN)  into the ‘batch payments’ section of your Xero contacts.
• With our Xero integration and automated workflows, you can pay multiple bills using a BPAY batch file, or we can pay it for you under the auto-pay option.
• It is used for sending (direct credits) and receiving (direct debits) payments.
• To be able to initiate Direct Debits directly with your bank you need to be approved as a Direct Debit Initiator.
• Security protocols across our platform, applications and API integrations have been fully audited and certified with this globally recognised standards.

Advanced features include installments, automatic payments, partial payments, receipts, reminders and more. In both options, Parakeet still automates the process of applying payment and reconciliation entries for these bills. The only difference is whether we make the payment for you, or you choose to receive a BPAY batch to upload into your banking platform. You will manage this when you upload the BPAY batch to your internet banking platform. Unfortunately, we will not know if a BPAY biller accepts cards or bank accounts only. An ABA file is a common file supported by most Australian banks (“Australian Banking Association”) that communicates payment information to the bank.