Xero Bill Payment Feature Goes Live

Unveiled at Xero’s roadshow, Xero's new bill payments tool offers a simple and secure way to manage, approve and pay bills without leaving Xero.

To save time on their everyday administrative tasks, small businesses and their advisors can now set up direct bank transfer as a payment method for bills, and use open banking to quickly and securely batch pay multiple bills from their bank account.

In practice, this means that you can schedule payments to supplier directly in Xero and simply need to authorise the payment via your online banking. Payments can be set up in batches meaning that you scan schedule payments of bills in seconds within Xero before making a single authorisation through your bank to pay all of your supplier bills in one go.

Initial pricing is 20p per payment however Xero are offering use of the system for free until 31st December 2023 so that users can trial the system.

More details can be found here or by contacting our office where we can assist in both setting up the system and in taking you through your first payment run.