Make your job easier.
Pay & reconcile your bills from Xero.
No more ABA or batching.
Our software handles all your bill payments (EFT, BPAY, Cards) directly out of Xero without any extra data-entry.
No ABA or batch files required.
After you approve the bills in Xero, we pay the bills, update Xero with payment, reconciliation details and send your vendors remittance details.
Save time, errors & reduce risk to your business by taking the 14 days free trial.
Get set up in 30 minutes.
How we help you save time, errors & risk with bills
Auto-pay BPAY & EFT bills for 1 or multiple entities. No ABA files.
Save time and control the types and number of bills to you want to auto-pay out of Xero.
Whether it's EFT or BPAY, 5,000 or 60 bills a month for one or multiple entities, we can automate it.
Auto allocate bill payments to different bank accounts
Customised workflows so bill payments are paid from the correct account based on paying entity or suppliers.
Whether it's 1 or 50 accounts, we can automate it.
Keep your banking credentials private
We don't need your bank login, access or details of your bank balance to pay your bills for you.
Vendors notified with useful remittance data
Save time and vendor payment queries with automated bulk vendor remittance advice, enhanced payment data and clear bank statement descriptions attached to each payment.
Get going in 30 minutes. No lengthy setup or configurations required.
No more platform switching to pay bills
Our integrations lets you load, approve, pay and reconcile your bills straight out of Xero.
No more jumping in and out of platforms and less errors.
Just BPAY? Just EFT? Or both? We can pay whichever you like.
It's easy to automate your bill payments
Update your contacts in Xero
Keep vendor's contact details up to date in Xero and your bills are ready for payment.
For EFT (bank accounts), 5 fields are required.
(Contact, Primary Person, Email, Tax (ABN) & Financial Details field)
For BPAY, only 3 fields are required
(Contact, Tax (ABN) & BPAY details in Financial Details field)
Tell us when you want the bills paid
Load the bills as you would normally in Xero (via dext, hubdoc, etc) and we use the due date you set in Xero and schedule it for payment that day.
You approve the bill
We will never schedule or pay a bill unless it has been approved in Xero.
We accept all approval tools such as Xero's in-built approval button or another app like Approval Max.
Optional payment approval step
Approve the bill payment in Parakeet
Enable payments approval in Parakeet for extra control.
You can set up the bills in Xero and either you or another approver can approve the payment in Parakeet.
Once it is approved in Parakeet, we schedule, pay and reconcile the bills without needing internet login details, security tokens or EFT and BPAY batches.
Load your accounts
Load the bank accounts and/or cards you like to use.
Drag & Drop to prioritise them in the order you like and we will match your preferred payment method with your vendor's.
After that, it is fully automated.
What to use it as a budget tool?
Set a limit and 'reset' date and we will make sure you stay within your monthly budget.
Customisable for your business
Multi-bank account support
Do you use different bank accounts for different suppliers or entity?
e.g. By Paying Entity
Bills for Entity A - Pay from account A
Bills for Entity B - Pay from account B
e.g. By Vendors / Suppliers
Group A suppliers - Pay from account A
Group B suppliers - Pay from account B
If so, we can customise Parakeet so after the bills are approved, Parakeet automatically chooses the right bank account to use.
Note - customisation fee may apply
All invoices paid at the right time
We will automatically pay your bills so you don't need to worry about paying another bill or missing out on early payment discounts.
Finance, accounts and bookkeeping team will appreciate this... see below for full breakdown of the reconciliation process.
Remittance notices, bank description and useful data for vendors
Remittance notices are automatically emailed to your vendors with enriched data for easy vendor referencing and reconciliation.
Each remittance notice includes a CSV attachment detailing the invoice references, your name, amount and payment date that makes up the remittance.
In addition, your name is shown on your vendor's bank statement, providing certainty for everyone.
This means you can stop emailing remittance notices and reduce the time spent on fielding payment queries.
Remittance and batch history attached in Xero
Finally, you can download the batch remittance payment in Xero too, making it easier for you to identify the underlying Invoice Number & vendor that the batch payment relates to.
Since it is automatically stored in Xero, anytime you need to email the remittance breakdown to your vendors, it's there for you.
Save time, errors and risk
Whether you are paying 60 or 5,000 bills a month, you will save time spent on paying bills, reduce errors, without providing any confidential access to your bank account or internet banking credentials to third parties.
T + 3 Business day clearance
Plan and schedule your bill payments in advance.
For NAB and Westpac customers (facility required)
Next business day clearance
For NAB or WBC customers, we can assist you with same or next business day bill payment clearance to your suppliers/vendors.
Contact us to discuss the banking facility you need and how to arrange it with your bank.
We help create your chart of accounts in Xero and...
Sort out the book keeping entries too
Every bill paid is individually marked as paid in Xero and closed out correctly to save you time and effort.
For discounts, we automatically create a 'Receive money' in Xero and record it against an interim clearing account (we establish for you) and book it under your new Discounts revenue account.
Similarly for any surcharges on card payments, we create a 'spend money' in Xero and record it against the interim clearing account and book it under your new surcharge expense account.
You can of course, customise where you like to book these entries.
Finally, we 'net' the amount you paid into a 'Final Clearing' account (we establish for you) so when you download and reconcile your bank statement, you will see the net amount, ready for you to 'match' off.
In this example, you paid 8 bills totalling $6,670.00 and you received $472.50 discount for paying early and paid $10.00 in surcharges. This means the net payment was $6,187.50.
Now instead of your allocating the $6,187.50 entry to the 8 bills and accounting for the surcharge & discount manually, you simply have to do a "1 - click transfer" to your 'Parakeet AP Clearing (Final)' account.