Still using ABAs to pay bills or entering BPAY for your clients?
Try one-click bill payment now.
Make your job easier with automation and remove the risk of ABAs and manual BPAY from your practice with one-click.
Parakeet automatically pay large volume of EFT & BPAY bills after it is approved.
We do not require access to your client's banking platform or bank balance.
We automate the complete payment process - from using in-built approval options, one-click bill payments & reconciliation, to sending bulk remittance details and providing robust audit data back into Xero.
You can now stop emailing ABA batches or manually enter BPAY details, avoid signing in to multiple banking platforms, create vendor remittance notice or risk your PI insurance coverage.
Free up time, make your client's job easier and let automation take care of the grunt work.
No cost to you. Get set up in 30 minutes.
Less work. Less Risk. Take on more clients.
No more ABAs or BPAYs. No manual work. Reduce fraud.
Turn existing hours of work into minutes by automating the risky tasks of uploading ABAs, paying, reconciling and advising vendors.
Whether EFT/BPAY, 2,000 or 20,000 bills a month, you can now get this done in minutes with no effort.
One-click bill payment process
Turn bill payments into a scalable offering that is accurate and fully managed by automation.
No extra headcount or time required. Remove risk, save time and expand your service offering.
No cost to you and your clients don't pay more
Pick a plan that suits your clients or put your clients under your umbrella pricing plan. See more here,
No more platform switching to pay bills
Our integrations lets you load, approve, pay and reconcile the bills straight out of Xero.
No more jumping in and out of multiple client's banking platforms or juggling with security tokens to pay bills.
No internet banking or ABA files required.
We don't need any bank login, access or details of bank balance to pay bills for your clients, which means you don't either. Better privacy and one less business risk to worry about.
Easy implementation
Get going in 30 minutes. No lengthy setup or configurations required.
Supporting Xero Partners
We automate the grunt work so you have more time for new business
How to automate bills in 3 steps
For EFT
1. Update contacts in Xero
You help set & keep your client's vendor details up to date in Xero.
For EFT (bank accounts), 5 fields are required.
(Contact, Primary Person, Email, Tax (ABN) & Batch Payment field)
For BPAY, 3 fields are required
(Contact, Tax (ABN) & BPAY details in Batch Payment field)
For BPAY
2. Load your clients bank/card account
Load the bank accounts and/or cards your clients like to use.
Drag & Drop to prioritise them in the order you like us to pay with.
After that, it is fully automated. No internet banking or credentials required.
You can also help your clients set a limit to make sure they stay within their monthly budget.
3. Approve the bills in Xero
We will never schedule or pay a bill unless it has been approved in Xero with a Due Date / Planned Date.
We accept all approval tools such as Xero's in-built approval button or another app like Approval Max.
One-Click Payment comes to Xero
Use Planned Date to make payments
Instead of using the due date to schedule bill payments, you or your client can use the "Planned date" feature in Xero.
Ask your clients to approve and pay the bill by setting the "planned date" in Xero.
Xero stores a record of who 'approved' the bill so it is a simple and powerful way to add an additional approval step whilst providing robust data for auditing purposes.
And if your bills are locked for month-end or year-end, you don't need to unlock the 'locked' bill to schedule payments.
Optional payment approval step
Approve the bill payment in Parakeet
In addition to the 'Planned Date' approval option, you can also enable payments approval in Parakeet for extra control.
You can set up the bills in Xero and either you or your client 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.
What other bookkeepers and accountants are saying
Advance Feature
Auto-bank account allocation
Do you or your clients need to allocate bills to be paid from different bank accounts either on a bill-by-bill, by suppliers or by purchasing entity basis?
If so, our automation means you don't have to manually load and allocate multiple ABA files and BPAY batches in internet banking, saving everyone time and error.
Whether it's 2 or 70 bank accounts, our advance auto-bank allocation manage it all for you.
After the bills are approved, Parakeet automatically chooses the right bank account to use based on your rules.
Allocate on a bill-by-bill basis
Category A bills - Pay from account A
Category B bills - Pay from account B
Allocate by Paying Entity
Bills for Entity A - Pay from account A
Bills for Entity B - Pay from account B
Allocate by Vendors / Suppliers
Group A suppliers - Pay from account A
Group B suppliers - Pay from account B
Note - customisation fee & monthly support fees apply
Configurable per client
Pay on due date or approval date
We can configure the BPAY and EFT bills to either pay on the due date you set in Xero or on the approval date.
Pay on approval is great for clients who prefer to manage their cashflow tightly.
Remittance notices, bank description and useful data for vendors
Remittance notices are automatically emailed to the vendors with enriched data for easy vendor referencing and reconciliation.
Each remittance notice includes a CSV attachment detailing the invoice references, your client's name, amount and payment date that makes up the remittance.
In addition, your client's name is shown on the vendor's bank statement, providing certainty for everyone.
This means you can stop emailing remittance notices and reduce payment queries.
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Remittance and batch history updated in Xero
Finally, you will see the details of the batch remittance payment in Xero too, making it easier to identify the underlying Invoice Number & vendor that the batch payment relates to.
Reconciliation
We also automate the book-keeping entries.
You can see the reconciliation entries here.
Do more. Less Risk. No extra effort required.
You can stop manually doing payment runs and scale your bill payments offering.
Our automation takes care of the complete payment process so you can take on more clients, cross sell to existing clients, reduce your risk/exposure to handling payments and work with certainty that a payment run will never be missed.
Helping Australia's business community
Bills and Payroll Automation
Pricing overview
No cost to you and your client's don't pay more
Our Referral model helps get you started without any cost.
Custom pricing
Have predictable volumes? You can pool your total volume across your client base and let everyone benefit.
Quick implementation
There is no lengthly implementation process. You can start automating bill payments in 30 minutes.
Make your job easier
You handle the client relationships. We automate the grunt work of paying bills.
Simpler client approvals
Automatically receive auto pre-payment reports that you can send to your client for payment approvals.
Tailored pricing or scenario
Like to discuss tailored pricing or incorporate automation as part of your outsourcing business? We can help.
Please fill in the contact form above.
How to get started
Download pricing
Book a demo or call
Book a live demo or call here.
In this demo / call, we can discuss and answer questions you have.
Trial it
Trial it.
To qualify: Be a certified Xero partner (partner, bronze, silver, gold or platinum)