On-Demand Payments Using QuickBooks® QBO with FedNow® & RTP® for POS, E-commerce, and MOTO

• ~ Automate Account Receivable Collection
• ~ Automate Account Payable Payments
• ~ One-time and Recurring Debits / Credits

Secure QB Plugin payment processing through QuickBooks ^® specializes in the origination of moving money electronically.

Real-Time Payment Parameters, Attributes, Benefits & Features

✅ 1. QuickBooks® QBO Integration for On-Demand Payments

Use QBO to:

• Generate RfPs directly from invoices
• Auto-embed FedNow®/RTP® payment links
• Track and reconcile payments in real time

“On-Demand Payments using QuickBooks® QBO with FedNow® and RTP® let businesses send Request for Payment (RfP) directly from invoices for real-time settlement and reconciliation.”

✅ 2. Supports All Sales Channels: POS, MOTO, and E-commerce

Your business can:

• Display QR codes at POS terminals for real-time payment
• Send RfP links via SMS or email for phone orders (MOTO)
• Embed payment buttons in e-commerce platforms

“Whether selling in-store, by phone, or online, FedNow® and RTP® On-Demand Payments deliver instant settlement with zero chargeback exposure.”

✅ 3. Request for Payment (RfP) with ISO 20022 Data Structure

Every RfP includes:

• <RFPId> for unique payment tracking
• <ReqdAmt> for precise billing
• <XprtnDtTm> to auto-expire unpaid requests
• <RmtInf> for order or invoice references

“Structured RfP messages using ISO 20022 ensure secure, trackable, and reconcilable real-time payments across QuickBooks® and merchant platforms.”

✅ 4. Instant Payment Settlement (Good Funds Only)

• No delays from ACH or batch processing
• No credit card settlement windows
• Payments are instant, irrevocable, and final

“RTP® and FedNow® give QuickBooks® users instant access to settled funds—ideal for service providers and retail merchants needing real-time cash flow.”

✅ 5. API-Driven Automation & QR Code Compatibility

• Generate dynamic RfPs by API trigger or sales event
• Display QR codes for in-person scanning
• Get instant webhook confirmations into QBO or ERP

“Merchants can automate On-Demand Payments with programmable RfP generation tied to sales activity, delivery confirmation, or invoice approval.”

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Accounting in QuickBooks Online (QBO) with Recurring Subscription On-Time On-Demand Payment for Delivery of Services and Products Using POS, E-commerce, or MOTO with FedNow Digital Service and Real-Time Payments

Implementing recurring subscription on-time on-demand payments using FedNow Digital Service and Real-Time Payments (RTP) for the delivery of services and products via Point of Sale (POS) systems, E-commerce platforms, or Mail Order/Telephone Order (MOTO) systems, and accounting for these transactions in QuickBooks Online (QBO), offers a robust and efficient financial management solution. Here’s how this can be achieved:

Features

1. Automated Recurring Payments:
   • Set up automated recurring payments for subscription-based services or products, ensuring consistent and timely payments.
2. Instant Payment Settlement:
   • Payments are settled instantly via FedNow or RTP, ensuring immediate availability of funds.
3. Real-Time Integration with QBO:
   • Payments are automatically recorded and reconciled in QBO, reducing manual work and ensuring accurate financial records.
4. Enhanced Security:
   • Advanced security measures protect against fraud and unauthorized transactions, ensuring safe payment processing.
5. Comprehensive Reporting and Analytics:
   • QBO provides detailed financial reporting and analytics, offering insights into subscription revenue and cash flow.
6. Multiple Payment Channels:
   • Accept payments through various methods, including bank transfers and digital wallets, ensuring flexibility for customers.

Benefits

1. Improved Cash Flow Management:
   • Instant access to funds from subscription payments enhances cash flow management, allowing businesses to utilize funds immediately.
2. Consistency in Revenue:
   • Automated recurring payments ensure a consistent revenue stream, reducing the risk of missed or late payments.
3. Operational Efficiency:
   • Integration with QBO automates data entry and reconciliation processes, increasing operational efficiency and reducing administrative burdens.
4. Enhanced Customer Experience:
   • Customers benefit from the convenience of on-time payments for their subscriptions, improving overall satisfaction and retention.
5. Cost Savings:
   • Minimizes costs associated with payment delays, chargebacks, and collections, and reduces the need for manual accounting work.
6. Compliance and Transparency:
   • Adheres to payment standards and regulations, ensuring compliance and providing transparent records of transactions.
7. Competitive Advantage:
   • Offering flexible and reliable payment options can differentiate a business from competitors, attracting more customers.

Accounting Process in QBO

Setup and Integration

1. Configure Recurring Payments:
   • Set up recurring payments for subscriptions in your POS, E-commerce, or MOTO system, ensuring integration with FedNow or RTP for real-time processing.
2. Link with QBO:
   • Integrate your payment system with QuickBooks Online to automate the recording and reconciliation of transactions.

Transaction Recording

1. Automated Entry:
   • Each recurring payment is automatically recorded in QBO as a new transaction, categorized under the appropriate revenue account.
2. Real-Time Reconciliation:
   • Payments are matched with bank deposits in real-time, ensuring that your financial records are always up-to-date.
3. Invoice Management:
   • Generate and manage invoices for each subscription cycle, with automatic payment application upon receipt.

Reporting and Analysis

1. Cash Flow Reports:
   • Use QBO’s reporting features to generate cash flow statements, showing the impact of subscription payments on your overall financial health.
2. Subscription Revenue Tracking:
   • Track subscription revenue over time, analyzing trends and identifying opportunities for growth.
3. Financial Statements:
   • Produce detailed financial statements, including profit and loss reports and balance sheets, to monitor the financial performance of your business.

Security and Compliance

1. Secure Data Handling:
   • Ensure that all payment data is handled securely within QBO, protecting against unauthorized access and fraud.
2. Regulatory Compliance:
   • Maintain compliance with financial regulations and standards, with QBO providing audit-ready financial records.

Conclusion

Accounting in QuickBooks Online (QBO) with recurring subscription on-time on-demand payments for the delivery of services and products using POS, E-commerce, or MOTO systems, and paying with FedNow Digital Service and Real-Time Payments, offers a seamless and efficient financial management solution. This integration ensures immediate settlement of payments, improved cash flow management, enhanced security, and operational efficiency. By automating the recording and reconciliation of payments in QBO, businesses can reduce administrative burdens, ensure accurate financial records, and make informed financial decisions. This capability provides a significant competitive advantage, enhancing trust, reliability, and customer satisfaction.

Get Paid in Seconds with QBO + TodayPayments.com

With TodayPayments.com, your business can accept real-time, On-Demand Payments at the speed of delivery:

✅ No waiting for ACH
✅ No risk of card chargebacks
✅ Full reconciliation into QuickBooks®
✅ Instant settlement using FedNow® or RTP®

Whether you're closing deals, delivering services, or shipping products—you deserve instant pay the moment your work is done.

Power up your QuickBooks® with On-Demand Payment via RfP today at www.TodayPayments.com — Where Real-Time Revenue Begins™

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Call us, the .csv, text messaging and or .xml Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) show how to implement Create Real-Time Payments Request for Payment File up front delivering message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continuing through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank.

Our in-house QuickBooks payments experts are standing ready to help you make an informed decision to move your company's payment processing forward.

 1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory data for completed file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support

2) We create .csv or .xml formatting using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.

Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,

3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our On-Demand Payments system.

Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG

4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.