QuickBooks^® Request for Payment Invoicing

• ~ Automate Account Receivable Collection
• ~ Automate Account Payable Payments
• ~ One-time and Recurring Debits / Credits

Secure QB Plugin payment processing through QuickBooks ^® specializes in the origination of moving money electronically.

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Request for Payments

Integrating QuickBooks Enterprise with ISO 20022 "Request for Payment" (RfP) for real-time payments can significantly enhance financial operations. Here’s how to set this up and leverage SecureQBPlugin.com for seamless integration:

Implementation Steps

1. Set Up QuickBooks Enterprise and SecureQBPlugin.com:
   • QuickBooks Enterprise: Ensure QuickBooks Enterprise is set up and configured for your business.
   • SecureQBPlugin.com: Register and configure SecureQBPlugin.com to integrate QuickBooks Enterprise with RTP and ISO 20022 RfP services.
2. Configure Real-Time Payments (RTP) and ISO 20022 RfP:
   • Payment Platforms: Set up accounts with RTP and FedNow services that support ISO 20022 RfP.
   • Integration: Use SecureQBPlugin.com to integrate these payment services with QuickBooks Enterprise.
3. Generate Digital Invoices with RfP:
   • Invoice Creation: Create invoices within QuickBooks Enterprise.
   • Include RfP Messages: SecureQBPlugin.com will automate the inclusion of ISO 20022-compliant RfP messages in the invoices.
4. Sending RfP Invoices:
   • Distribution: Send the RfP-enabled invoices to customers via email or SMS.
   • Secure Payment Links: Ensure the invoices contain secure payment links compliant with ISO 20022 standards.
5. Customer Payment Process:
   • Receiving RfP: Customers receive the RfP message and can initiate payment directly from the invoice.
   • Instant Payment: Payments are processed in real-time through RTP or FedNow services.
   • Confirmation: Immediate confirmation of payment is sent to both the customer and the business.
6. Recording and Reconciliation:
   • Automatic Updates: Payments are automatically recorded in QuickBooks Enterprise via SecureQBPlugin.com.
   • Reconciliation: Ensure accurate reconciliation of transactions in real-time.

Benefits of Using ISO 20022 RfP for Real-Time Payments

1. Standardization and Interoperability:
   • Global Standard: ISO 20022 provides a common language for financial transactions, ensuring interoperability across different systems and countries.
   • Consistency: Consistent messaging formats improve communication between financial institutions.
2. Efficiency and Speed:
   • Real-Time Processing: Payments are processed instantly, improving cash flow and reducing settlement times.
   • Automation: Automated invoicing and payment recording reduce manual work and errors.
3. Enhanced Cash Flow:
   • Immediate Funds: Instant access to funds upon payment, enhancing cash flow management.
   • Reduced Delays: Eliminates delays associated with traditional payment methods.
4. Security and Compliance:
   • Secure Messaging: ISO 20022 ensures secure and standardized payment messaging.
   • Regulatory Compliance: Compliance with international financial regulations and standards.
5. Customer Satisfaction:
   • Convenience: Easy and quick payment process for customers.
   • Transparency: Real-time payment confirmation enhances transparency and trust.

Example Use Case

1. Domestic Payments:
   • Create Invoice: Generate an ISO 20022-compliant invoice in QuickBooks Enterprise.
   • Send RfP: Send the invoice with an RfP message via email or SMS using SecureQBPlugin.com.
   • Receive Payment: Customer clicks the secure payment link and pays instantly via RTP.
   • Update Records: Payment is recorded in real-time in QuickBooks Enterprise.
2. Cross-Border Payments:
   • Create Invoice: Generate an ISO 20022-compliant invoice for an international customer in QuickBooks Enterprise.
   • Send RfP: Email the invoice with an RfP message and secure payment link.
   • Currency Conversion: Payment is processed in the customer’s local currency and converted automatically.
   • Receive Payment: Customer pays instantly, with automatic currency conversion.
   • Update Records: Payment is recorded in real-time in QuickBooks Enterprise, including currency conversion details.

Conclusion

Integrating ISO 20022 Request for Payment (RfP) with real-time payments in QuickBooks Enterprise via SecureQBPlugin.com offers significant benefits. This setup enhances efficiency, security, and compliance while providing a seamless payment experience for customers. By leveraging the standardization of ISO 20022 and the speed of RTP and FedNow services, businesses can streamline their financial operations and improve cash flow management.

Detailed Implementation

1. Setup SecureQBPlugin.com:
   • Installation: Follow the installation guide provided by SecureQBPlugin.com to install the plugin in your QuickBooks Enterprise system.
   • Configuration: Configure the plugin to connect with your RTP or FedNow accounts, ensuring it can handle ISO 20022-compliant messages.
2. Create ISO 20022 RfP Messages:
   • Invoice Customization: Customize your invoice template in QuickBooks Enterprise to include fields for ISO 20022 RfP messages.
   • Automated Inclusions: Use SecureQBPlugin.com to automate the inclusion of these RfP messages in all generated invoices.
3. Send and Track Invoices:
   • Email/SMS Distribution: Distribute the RfP-enabled invoices via email or SMS, leveraging QuickBooks Enterprise’s integration with your communication tools.
   • Payment Tracking: Track the payment status in real-time through SecureQBPlugin.com, ensuring that every payment is instantly recorded.
4. Handle Currency and Compliance:
   • Cross-Border Payments: For international transactions, ensure the plugin handles currency conversion in compliance with local regulations.
   • Compliance Checks: SecureQBPlugin.com should also ensure that all transactions comply with ISO 20022 standards and relevant financial regulations.

By implementing these steps, you can fully leverage the capabilities of QuickBooks Enterprise and SecureQBPlugin.com to enhance your real-time payment processing, ensuring efficiency, accuracy, and compliance across all your financial transactions.

Call us, the .csv, text messaging and or .xml Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) show how to implement Create Real-Time Payments Request for Payment File up front delivering message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continuing through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.

Our in-house QuickBooks payments experts are standing ready to help you make an informed decision to move your company's payment processing forward.

 1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory data for completed file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support

2) We create .csv or .xml formatting using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.

Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,

3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Real-Time Payment system.

Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG

4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.