QBO QuickBooks ^® Requesting A Payment

To request a payment with a Request for Payment (RfP) as a one-time Instant Real-Time Payment (RTP) and FedNow through QuickBooks using the SecureQBPlugin, you will need to follow the steps outlined below. The SecureQBPlugin integrates with QuickBooks to facilitate secure and efficient real-time payment processing.

Steps to Request a Payment using SecureQBPlugin and QuickBooks

1. Install SecureQBPlugin:
   • Visit SecureQBPlugin.com to download and install the plugin for QuickBooks.
   • Follow the installation instructions to integrate the plugin with your QuickBooks software.
2. Set Up SecureQBPlugin:
   • Open QuickBooks and navigate to the SecureQBPlugin settings.
   • Configure the plugin with your bank or payment service provider's information to enable RTP and FedNow services.
   • Ensure your bank accounts are linked and authorized for real-time payments.
3. Create a New Invoice in QuickBooks:
   • Go to the 'Customers' menu and select 'Create Invoices'.
   • Enter the necessary details for the invoice, including:
     • Customer name and contact information
     • Invoice date and due date
     • Payment amount
     • Description of the goods or services provided
   • Save the invoice once all details are entered correctly.
4. Generate a Request for Payment (RfP):
   • Within the invoice window, look for the SecureQBPlugin options.
   • Select the option to 'Generate RfP'.
   • Review the RfP details, ensuring all information is correct:
     • Invoice amount
     • Due date
     • Customer's payment details
   • Submit the RfP through the SecureQBPlugin.
5. Send the RfP to the Customer:
   • The SecureQBPlugin will transmit the RfP to the customer’s bank via the RTP or FedNow network.
   • The customer will receive a notification from their bank, typically through their banking app or online banking platform.
6. Customer Approval:
   • The customer reviews the RfP details and approves the payment.
   • Approval can be done instantly via the customer’s bank interface.
7. Payment Processing:
   • Once the customer approves the payment, it is processed in real-time.
   • Funds are transferred immediately from the customer's account to your bank account.
8. Confirmation and Recording:
   • Both you and the customer receive confirmation of the successful payment.
   • The payment is automatically recorded in QuickBooks, updating your accounts receivable and bank balance.

Best Practices

• Verify Invoice Details: Double-check the invoice and RfP details to avoid errors.
• Secure Transmission: Use the SecureQBPlugin to ensure secure transmission of payment information.
• Customer Communication: Notify the customer in advance about the RfP to ensure timely approval.
• Record Management: Keep records of all transactions for accounting and auditing purposes.

By following these steps, you can efficiently request and receive one-time instant real-time payments using RTP and FedNow through QuickBooks with the SecureQBPlugin. This integration ensures secure and seamless payment processing, enhancing your financial operations.