Accounts Payable and Bill Pay using Bill - Is it better than QBO!?

Explore Bill: https://financialtechlab.com/bill We're walking through Bill (formerly Bill.com) to test how it performs as an accounts payable solution. See how Bill handles PDF uploads, OCR data extraction, line item detail, approvals, and payment scheduling. This demo highlights where automation works, where manual entry is still required, and why inventory-heavy businesses may run into limitations. If you're comparing AP software and want to see Bill in action before making a decision, this breakdown covers the key functionality and potential drawbacks. Jump to: 00:00 Intro 01:36 Platform Overview (AP, AR, Dashboard) 03:27 Inbox & Email Bill Forwarding 06:05 Uploading First Bill (Utility Example) 07:57 OCR & Manual Data Entry Issues 11:30 Coding the Bill & Creating It 13:52 Bulk Upload Test (Fails) 14:22 Inventory Invoice Test (Major Limitation) 17:40 Professional Services Invoice Test 18:51 Approval Workflow Demo 19:09 Scheduling Payments (ACH, Check, Card) 20:47 Payment Tracking & Filters 21:33 Accounts Receivable Features 21:51 Final Verdict & Limitations Here are some of the tools I trust and recommend to help you manage your business finances more effectively. These are affiliate links, which means I may earn a small commission if you use them—at no extra cost to you. Thank you for supporting the Clara CFO channel! 🔢 QuickBooks Online – 30% Off for 12 Months plus 30-day Free Trial https://claracfo.com/QBO Get organized with the most popular small business accounting software. 🏦 Relay Bank – Get a $100 Bonus https://www.claracfo.com/relay Modern banking designed for business owners. Sign up and deposit $100 to claim your bonus. 👥 Gusto Payroll – Earn $100 https://claracfo.com/gusto Run payroll and receive a $100 reward—perfect for growing teams. 💰Monarch Money – Extended 30-Day Free Trial https://claracfo.com/monarch Smart personal finance software for entrepreneurs and families. 📊 RC Reports – Get $50 Off a Compensation Report https://claracfo.com/RCReports Ensure your S-Corp salary is IRS-compliant with a professional comp report. Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/ Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.