Cross-border payments for QuickBooks Online

Jan 19, 2023

We’re excited to announce our official release of cross-border payments for QuickBooks Online! Routable makes sending payments across borders a breeze. Now, with our real-time two-way sync for cross-border payments with QuickBooks Online, both systems are always up to date with the latest transactions and payment statuses so that nothing falls through the cracks. 

Send money to 220+ countries and record payments in QBO in your currency of choice

For QBO users, sending cross-border payments has never been easier. With Routable’s best-in-class integration with QuickBooks Online, you can keep all of your payments in one system, in perfect harmony with your accounting software. When sending cross-border payments, you can now record transactions in QBO using either your home currency or foreign currency based on your QBO settings. The best part? Gain visibility into conversion rates and fees when sending payments via local bank transfers (international ACH) or via SWIFT (international wire transfer). 

Powerful AP automation with an industry leading two-way sync for QuickBooks Online

Routable’s real-time two-way sync with QuickBooks online was designed to keep both systems up-to-date, always. Without any manual intervention bills, vendors, and transactions are synced between both platforms automatically. In addition, Routable mirrors your configurations in QBO so that both systems speak the same language as your teams. That’s why Routable allows you to bring in configurable categories such as class and location from QBO. Once payments are completed in Routable, we’ll mark bills as paid and sync all of the relevant transaction data such as payment reference numbers or ACH ID back to QBO, making reconciliation significantly less manual.  

Flexibility designed for any workflow

At Routable, we want AP to work your way. Our platform was designed with user experience in mind so that you can onboard and pay thousands of vendors with ease. Transform your onboarding process by seamlessly onboarding domestic and international vendors using a custom branded, self-service onboarding flow with no sign-up required. Our onboarding experience is localized to each country so that vendors can onboard themselves and set up their banking and tax information all in one place. 

For mass payouts, scale global and domestic payouts fast with our no-code CSV upload or using the Routable API to create the payment experience of your choice. For finance teams in need of a more traditional AP workflow, the Routable inbox allows you to automate invoice processing using Optical Character Recognition (OCR) to create thousands of payments in seconds, drastically reducing bill coding time. 

Why choose Routable for cross-border payments with QuickBooks Online? 

Routable’s global payout solution was designed to provide the best end-to-end experience for finance and operations professionals and their vendors. Our integration pulls in your QBO preferences for a seamless experience across both platforms. 

  • Complete global coverage. Send payments to over 220 countries using local bank transfers (international ACH) or SWIFT (international wire).

  • Multi-currency sync. Make payments in foreign currencies and record the transactions in QBO using the same currency as the bill payment.

  • Base currency sync. Make payments in foreign currencies and record the transactions in QBO using your base or home currency. If there is any foreign exchange rate gain or loss, Routable will automatically create a journal entry in QBO for the gain or loss to ease reconciliation.

  • First-class vendor experience. Onboard international vendors through a custom-branded and self-service portal where vendors can input their bank account and manage tax information with no sign-up required.

  • Unrivaled payment transparency. Gain full visibility into delivery times, transaction fees and conversion rates when sending cross-border payments with Routable. 

Get started with cross-border payments

If you’re interested in learning more, or would like to see how Routable’s cross-border payments can help your business, please contact sales@routable.com

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