If you're considering BILL (formerly Bill.com) streamlining your accounts payable (AP), accounts receivable (AR), and expense management processes, it is essential to understand its pricing structure.
Bill.com is a billing and invoice software that enables businesses to send invoices, manage expenses, and access credit, all within a unified platform.
In this blog, we will explore the various pricing plans available for accounting firms, the features included in each plan, and any additional fees you might need to consider.
- Bill.com offers four plans: ‘Essentials,’ ‘Team,’ ‘Corporate,’ and ‘Enterprise’
- The ‘Spend & Expense’ product is free, with tools for card issuance and expense management
- Additional fees apply for automated clearing house (ACH) payments, instant payments, and credit card transactions
- The ‘Enterprise’ plan includes custom features like ERP integrations
- Accounting firms can access the ‘AP & AR Partner’ and ‘Spend & Expense Partner’ programs
- Bill.com’s pricing is flexible and scales with business growth
Bill.com’s business pricing is divided into four core plans: ‘Essentials,’ ‘Team,’ ‘Corporate,’ and ‘Enterprise.’
Essentials Plan
Starting at $45/user/month, the ‘Essentials’ plan offers core tools to automate accounts payable and receivable processes for small businesses.
It includes manual CSV integration with accounting software, bill entry, approval workflows, and payment options like an automated clearing house (ACH) which is a digital payment system. ACH allows businesses and individuals to transfer funds between banks.
With the ‘Essentials’ plan, businesses can reduce their AP time by 50% or automate invoicing to receive payments twice as fast. Henceforth, this plan is ideal for businesses beginning their automation journey and looking to save time while improving cash flow.
Team Plan
Priced at $55/user/month, the ‘Team’ plan is designed for small to midsize businesses looking to automate their bill management and payment workflows.
It includes features like integration with major accounting platforms (such as QuickBooks and Xero), document storage, customizable approval policies, and multiple payment options.
Through this plan, users can gain more granular controls and enjoy automatic 2-way sync with leading accounting software. This is why the ‘Team’ plan is best suited for companies just beginning their digital finance transformation journey.
Corporate Plan
This plan starts at $79/user/month and builds on the Team plan with advanced controls and capabilities.
It is ideal for companies that need enhanced security, support for multi-entity or multi-location accounting, and access to APIs for custom integrations.
The ‘Corporate’ plan allows users to access additional customization and confidently manage both AP and AR, all in one place. This is why businesses at a scaling stage often choose this plan to bring more structure and control into their financial operations.
Enterprise Plan
Custom-priced and intended for large organizations with complex requirements, the Enterprise plan is the bullseye.
It includes everything in the ‘Corporate’ plan, with additional features such as custom ERP integrations (including Oracle NetSuite and Microsoft Dynamics), advanced analytics, and dedicated account management.
The ‘Enterprise’ plan offers enhanced security, premium support, multi-location accounting capabilities, and additional features. Pricing for this plan depends on your business size and specific needs.
Bill.com also offers a free product for spend and expense management, called Bill Spend & Expense (formerly known as Divvy). It provides tools for issuing physical and virtual cards, managing budgets, automating expense reports, and earning rewards.
This product does not charge a monthly fee and is available to qualified businesses, making it a budget-friendly option for organizations looking to control employee spending without additional software costs.
While BILL's pricing plans cover most core features, some additional services may come with separate fees.
For instance, ACH transactions typically cost $0.59 each, while instant payments are charged at a 1% fee.
Paying vendors by credit card carries a 2.9% transaction fee. For international payments, BILL offers $0 wire transfer fees for payments made in local currencies, along with competitive exchange rates.
For accounting professionals, Bill.com offers tailored programs:
Bill.com’s pricing model is designed to be flexible and scalable, catering to the needs of small businesses, mid-market companies, and enterprise-level organizations alike. Whether you're just starting with AP automation or managing complex, multi-entity operations, Bill.com offers tools and pricing tiers that grow with your business. Accounting firms also benefit from cost-effective packages that support efficient client financial management.