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.

• For BPAY autopay, after approval,  we schedule & pay the bill on the due date.
• You will manage this when you upload the BPAY batch to your internet banking platform.
• This is done automatically for 10 or 100 or 1000 BPAY bills, saving you time and effort.
• Once we verify your bank account details and KYC checks, you are ready to accept online payments via direct debit.
• Real-time Invoices and contacts details are read by uCollect.
• Under BPAY Auto-Pay – once the BPAY bills are paid on your behalf, we mark the BPAY bills as ‚Paid‘ in Xero.

You’ll need to setup a connection to a gateway to be able to process payments. If your bank is not listed, it means they are not compatible for BPAY batch. In this case, you can choose the Auto-Pay https://bookkeeping-reviews.com/ option which automates your complete BPAY payment with us. Load the bills as you would normally in Xero and we automatically schedule it for batching (or payment) based on the due date you set.

What options do I have with managing BPAY out of Xero?

Real-time Invoices and contacts details are read by uCollect. When an invoice is marked as paid uCollect send the payment record to Xero to allow for easy reconciliation. If you are away for a day and payments are due but you don’t generate the DD file in uCollect there is no need to panic. Simply log back in the next day and any invoices that were due for collection will be included in the current batch. From this screen you schedule the payment and then export the ABA file, for upload into your banking system. Remittance can be sent to the supplier with the click of a button.

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.

If you choose BPAY Batching

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 for. Security protocols across our platform, applications and API integrations have been fully audited and certified with this globally recognised standards.

If you are paying via Bank Accounts, it is +3 business days for Clearing by the Banks. Otherwise if you are paying via Credit Cards, it is +1 Business days for Clearing by the Card network. As long as your Xero contacts are populated with the correct information & bills are in the awaiting payments queue in Xero,  then that is all you need to do. In addition to Stripe & Braintree, you can now use your own negotiated bank sponsored online-merchant facilities (e.g Westpac, ANZ, CBA, NAB, etc) into Xero invoices.

Add BPAY, direct debit, cards to Xero invoices

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.

• You can also add an extra layer of control by enabling Parakeet’s in-build approval step.
• If your bank does not approve you (or you want a more automated solution) then please consider EziDebit.
• We set up chart of accounts and automate reconciliation of the net payment amount,  adjusting for discounts & surcharge.

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.

If you choose BPAY Auto-Pay

Every bill that we manage, whether via our full automation option or BPAY batch file email option, we  automatically apply that payment to the bill. You can choose between our fully automated BPAY bill payment solution OR start with Parakeet emailing you BPAY batches for you to upload before or on the due date. Load the bank accounts and/or cards you like to use in Parakeet.

• Otherwise if you are paying via Credit Cards, it is +1 Business days for Clearing by the Card network.
• In this case, you can choose the Auto-Pay option which automates your complete BPAY payment with us.
• Fully integrated with Xero we avoid those annoying synchronization processes and errors.
• 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.
• We will never pay your bills unless you have approved it in Xero.

Don’t miss early payment discount savings offered on your bills with bills discount automation. Automate your bill payments (payables) and invoice collection (receivables) straight out of Xero. Whether you are doing 5 or 1000 bills per week, our platform and processes will scale with you.

We set up chart of accounts and automate reconciliation of the net payment amount,  adjusting for discounts & surcharge. Add early payment discounts to Xero invoices and save time chasing. To be able to initiate Direct Debits directly with your bank you need to be approved as a Direct Debit Initiator. If your bank does not approve you (or you want a more automated solution) then please consider EziDebit.

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 aba files xero 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.