For most real estate businesses paying vendors or owners can sometimes be a struggle. Writing checks and mailing them can consume time you can spend focusing on more pressing matters. One of AppFolio key features is Bill Payment, an online payable service that prints and sends checks on your behalf.

What do you need to know?

1. Safety is key for businesses. That’s why you’ll have to set up authorized users to confirm or reject the payments.
2. You don’t need to sign bill pay checks; two-factor authentication is used.
3. Bill Pay cost is $1.00/per check sent. Tip: You can choose if you want to send one single check for all bills or one check per bill. To view this option, go to Accounting Information on the Vendor’s contact page and click on Check Consolidation drop-down menu.
4. Delivery time is between 3 to 7 business days.
5. The checks have their own set of numbers, starting with 3000000001.

If, instead of bill payment checks, you want to pay by ACH, for example, when paying owner distributions or management fees, you have the option to do this too by selecting eCheck on the Payment Type. You’ll need the bank routing and account number of the vendor/owner.

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Whenever in doubt, you can reach out to an AppFolio accounting expert to help you set the foundations for clean and accurate bookkeeping. If you have questions about this topic, do not hesitate to Contact Us.