Managing accounts payable and receivable is a crucial part of running any business. However, it can be a challenging task that requires a lot of time and effort. If you are looking for the best Divvy alternative, then look no further than OnlineCheckWriter.com, the best Divvy alternative. Our platform offers a wide range of features to simplify small business accounts payable and receivable processes.
OnlineCheckWriter.com vs Divvy
Divvy’s software helps businesses to track and manage expenses in real-time. It allows employees to make purchases with their Divvy corporate credit cards linked to the company’s expense management software. The software then categorizes and tracks the expenses, making it easy for businesses to see where their money is going and identify areas where they can cut costs.
Divvy and OnlineCheckWriter.com are two types of financial technology companies that provide different and similar services. Divvy is an expense management software and corporate credit card provider, while OnlineCheckWriter.com includes check printing, designing, and writing software, check management, expense management, pay-by-credit card, accounting, and payroll management, invoice and bill creation, and other features for making your business finance seamless.
One of the other significant advantages of OnlineCheckWriter.com the best Divvy alternative is integrated with more than 22,000 banks and financial institutions in the United States and Canada. This way, printing checks from any bank and reconciling your bank account with the transactions are possible. Additionally, unauthorized and fraudulent checks are prevented from hitting your account.
OnlineCheckWriter.com also offers integrations with other popular accounting software like QuickBooks, Gusto, and Zoho. It is possible to import data from various platforms and process it using OnlineCheckWriter.com. You can connect multiple bank accounts on the platform and receive a reconciliation statement.
Pay by Credit Cards
Even if your vendors don’t accept credit cards, even in this case, you can pay with your credit card. You can transfer the required amount from your credit card to your ACH wallet to make your payments. OnlineCheckWriter.com will not charge your credit card for the payment. Additionally, you can make payments through checks, eChecks, and checks by mail.
Types of EFTs Payment Methods In OnlineCheckWriter.com
Direct deposit is the electronic transfer of funds to a bank account, eliminating the need for a paper check. For this, an electronic network called “Automated Clearing House” (ACH) facilitates interbank deposits. As the transfer is electronic, the recipient’s account is automatically credited without delay for funds clearance. Our platform, OnlineCheckWriter.com, offers direct deposit as an efficient way to manage payroll and other financial transactions.
Debit and credit card transactions.
Cards for financial transactions, such as credit and debit cards, have 16-digit serial numbers and can be utilized for online and in-store purchases. In addition, the card’s expiration date is specified, and the cardholder’s name is also printed on it. Debit card purchases are funded by available funds in your bank account, while credit card purchases involve borrowed funds. Both credit and debit cards can be swiped in card readers.
ATMs allow customers to withdraw cash and make payments using debit and credit cards. Using a bank-operated ATM may incur a fee.
eChecks transfer funds between accounts via the ACH network and were created to replace traditional paper checks. OnlineCheckWriter.com offers eCheck and digital check options for bill payments, direct deposits, and other transactions.
The Automated Clearing House (ACH) network electronically transfers money between bank accounts. ACH transfers are commonly utilized for direct deposits and automated bill payments. The transactions are processed three times a day in batches, which reduces the waiting time for sending and receiving money compared to other methods.
A “wire transfer” is when you send money to another person electronically. This is achieved by utilizing a global network managed by banks and other financial institutions. The recipient must provide their name and account number when sending money via wire transfer. In contrast to physical cash transfers, wire transfers are settled electronically.
OnlineCheckWriter.com is an excellent Divvy alternative providing a simple and cost-effective solution for businesses to manage their accounts payable and receivable processes. With features like pay by credit cards, ACH, eCheck, and checks with low transaction fees, it is the perfect solution for small businesses. Additionally, our platform has integrations with other popular accounting software like QuickBooks, Gusto, Zoho, and other platforms and also has inbuilt accounting software. So, why wait? Sing up today and enjoy all the benefits.