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Bill.com + Ottit
Accounts payable on BILL, run by Ottit
BILL (Bill.com) is an AP and AR platform priced per user from $49 a month (Essentials) to $89 a month (Corporate), with two-way sync to QuickBooks Online and Xero from the Team plan, per-transaction fees such as $0.59 ACH and $1.99 mailed checks, and an Accountant Console at $49 a month with wholesale client pricing. Ottit manages client AP through the console on the Controllership & Fractional CFO plan and sets it up on the Accrual plan.
Trusted by 100+ of your favorite DTC & CPG brands
How the data flows
One day in the ledger
What a single entry looks like in your ledger once Ottit has mapped it. One line per component, so margin by channel and the balance sheet fall out of the books instead of a spreadsheet.
| Line | Debit | Credit |
|---|---|---|
| Inventory purchase: finished goods1300 · Inventory | 18,400.00 | |
| Inbound freight1310 · Inventory: freight-in | 920.00 | |
| Accounts payable2000 · Accounts payable | 19,320.00 | |
| Totals | 19,320.00 | 19,320.00 |
Setup and monthly work
They helped us migrate TeraGanix's books from QuickBooks Desktop to QuickBooks Online from a really chunky instance to a clean, modernized tech stack with clean books that we receive in timely manner.
Who it's for
- 4.1Brands with 30+ vendor bills a month
- 4.2CPG companies paying co-packers, freight and retailers' deductions
- 4.3Founders who want approvals on their phone and payments scheduled to cash
- 4.4Companies that need 1099s for a long contractor list
QuickBooks Online
Xero
Bill.com
StripeQuickBooks OnlineXeroBill.comStripe"They've established a direct link between every platform where products are sold and our accounting system so that sales are reflected in real time."
"They set up our Quickbooks account from scratch, connected our bank accounts and credit cards, mapped out how we want to view our revenue and expenses, and started off strong."
Questions
Which BILL plan do we need?
Team ($65 per user a month) for automatic sync with QuickBooks or Xero; Corporate ($89) for custom approval policies and procurement. Through Ottit's Accountant Console the client subscription is priced at wholesale rates.
BILL or Ramp Bill Pay?
Ramp's bill pay is included free with Ramp; BILL is stronger for high bill volume, custom approval chains, AR and multi-entity. Ottit runs both.
Does Ottit pay our bills?
On the Controllership & Fractional CFO plan Ottit manages the AP workflow end to end; you approve, Ottit schedules and reconciles.
What does BILL charge per payment?
$0.59 per ACH, $1.99 per mailed check, virtual card free, $19.99 for an international USD wire; card-funded payments cost 2.9%.
Keep reading
Already on Bill.com? Let us look at the mapping.
A free 30-minute health check with a written read-out.
