Make your job easier.
One click bill payment comes to 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.
Use different bank accounts for different bills, suppliers or paying entity?
Try our advance auto bank-allocation feature.
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 2 or 70 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.
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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.
Quick win
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.
Helping Australia's business community
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)
For BPAY
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.
You can use approval options such as Xero's in-built approval button, Xero's Planned date option, Parakeet's in built portal approval and/or apps 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 can use the "Planned date" feature in Xero.
Set the "planned date" to tell us when bills should be paid and use the "due date" to record your vendor's due date.
This is a simple and powerful way to add an additional approval step in Xero (with audit tracking) for second approvers.
And if your bills are locked for month-end or year-end, it means you don't need to unlock a 'locked' bill to schedule payments.
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.
Advance Feature
Auto bank-account allocation
Do you 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 your internet banking, saving you time and error.
Whether it's 2 or 70 bank accounts, our advance auto-bank allocation do 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
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.
Reconciliation
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.
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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.
Clearing time
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.
Reconciliation done.
See it in Action
See how we pay & reconcile your bills from Xero
Bills Demonstration - Parakeet Xero Bills Payment module
Featured in
Two sets of features makes us unique
1. We bring your banking, payments and accounting together so you are not held back by processes.
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All bills automated - BPAY Billers, Vendor Payments via Bank or Cards.
Save yourself the process of 'doing the banking', making manual BPAY payments or batching vendor payments.
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BPAY Batching or BPAY payment automation - Already managing your EFT payments? No problems. We can take care of BPAY payments for you. Whether you prefer the BPAY to be batched or for us to pay it, the choice is yours. Read more here.
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Manage part payments & vendors with multiple bank accounts.
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Make payments the way you want.
Put an end to the game of 'matching' vendor to payment methods. You can drag and drop to prioritise your preferred payment methods and Parakeet will auto match your preferred payment method with your vendor's compatible payment methods.
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Reconcile bills, discounts and surcharges in seconds with "1 click-n-transfer".
Parakeet automates the reconciliation of your bills, from applying payment to adjusting for early payment discounts (existing or new arrangements) and surcharges. So your only task is to reconcile your bank statement to a Clearing account. It's literally 1 click-n-transfer.
2. We are the only software that can help you save money and earn reward points, straight out of Xero
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Request Early Payment Discounts from vendors
Make money by making custom early payment discount offers to pay your vendors early. This is a game changer. Read more here.
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Earn Reward Points on card payments (available for BPAY billers)
Fly through
How to configure Parakeet to pay bills
(scroll to 1:35 min)
Get Started with Parakeet and Xero
Pick Your Plan
Fixed Fee Pricing
14 days Free Trial
Group Savings Available
(14 days free trial applies to waiver of membership fees - optional extras used are payable)
POPULAR
Scale-Up Plan
$400 per month
Inclusions
3,000 bills per year
After 3,000th Bill
$1.75 per bill
Inclusions resets every 12 months
Group membership savings
Available on all plans.
See here for details
Monthly Memberships Plans
Start with 14 days free trial
Then select one of the plans below
Growth Plan
$200 per month
1,200 bills per year
$1.90 per bill thereafter
Scale-Up Plan
$400 per month
3,000 bills per year
$1.75 per bill thereafter
Established Plan
$750 per month
6,000 bills per year
$1.65 per bill thereafter
Large Plan
$1,300 per month
12,000 bills per year
$1.45 per bill thereafter
Enterprise Plan
Price on application
>12,000 bills per year
Enquire for custom pricing
Group membership savings
Available on all plans.
See here for details
Group membership savings
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Applies when 5 or more businesses connect to Parakeet
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Five businesses = 5%
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Twelve businesses = 12%
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Maximum of 15%
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Savings apply to all the plans subscribed by the group.
All membership packages include:
Integration & onboarding:
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Xero integration
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Free onboarding
Bills module:
(Watch the bills module demo here)
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Automated bill payment (EFT & BPAY)
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Automated BPAY or BPAY batching exports
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Capture early payment discounts
Extras
Early Payment Discounts brokered via Parakeet:
20% of the Discount
Card related charges (for all memberships)
Using Credit Cards to pay BPAY bills:
1.50%
Surcharges:
As passed on by vendor.
Other charges (for all memberships)
Payment dishonours, cancellations & returns:
$25 per transaction
All fees quotes excludes GST.
Frequently asked questions
1. Does you app make BPAY & vendor payments and can you provide BPAY batch exports out of Xero?
Yes. Parakeet can automate both BPAY & EFT vendor payments.
We can also provide BPAY batches out of Xero too. Read more about BPAY batching here.
2. If I automate EFT payments, do I still need to send remittance notices to my suppliers?
No, we automate that for you.
We also include a remittance file in CSV so your suppliers can take that data and use it anyway they like.
Idea is to save you time by reducing supplier payment queries.
3. Can I just automate BPAY or EFT bills and not both?
Yes. You can decide which type of bills to automate and which to pay manually.
4. Can I cancel a bill if you have collected / paid it?
Yes, as long as you advise us within 3 business days.
5. Do you need access to my banking details or login?
No. We do not need (or want) your banking login credentials or access to your bank accounts.
6. Can we use any approval app or digital capture tool for our bill review and approval process?
Yes. As Parakeet is pre-integrated with Xero, it works with any approval apps (e.g. Approval max) or data capture tools from the Xero App community (e.g. Hubdoc).
So if you have a complex workflow, you can use any of the apps to reach the 'approved for payment' stage. Once it reaches this stage, Parakeet takes over.
7. Can I use any Bank Accounts or Credit Cards to pay my bills?
Yes, as long as your bank account or card is held / issued by an Australian Bank.
Once you load and prioritise your bank accounts and cards into the Parakeet wallet, we will auto match your preferred payment method with your vendor's compatible payment acceptance method.
8. What's the optional discounting service you offer on top of the bills automation?
We help you ask / request early payment discounts from your vendors.
If they accept the discount, you will save money and the vendors benefit from getting paid early without the need to borrow.
This is great for everyone involved and involvement is voluntary. Read more about it here.
9. We want to automate >8,000 bills a year, can you give us flat pricing fee per month?
Yes we can.
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