Melio is a small business-oriented Accounts Payable tool, presented as a service that helps small businesses keep up with business. A B2B payments experience and payment workflow designed to be simple, and to enable businesses to pay domestic and international vendors, expedite payments, or pay by card.
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QuickBooks Online Advanced
Score 8.6 out of 10
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QuickBooks Online Advanced is a SaaS-based accounting software designed to scale with growing businesses. It includes the functionalities of QuickBooks Online, as well as more robust business analytics, customization, and resource management.
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Pricing
Melio
QuickBooks Online Advanced
Editions & Modules
Card processing fee
2.9%
No answers on this topic
Offerings
Pricing Offerings
Melio
QuickBooks Online Advanced
Free Trial
Yes
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Melio
QuickBooks Online Advanced
Features
Melio
QuickBooks Online Advanced
Payment Management
Comparison of Payment Management features of Product A and Product B
Melio
8.8
Ratings
15% above category average
QuickBooks Online Advanced
-
Ratings
Customizable Approval Policies
9.20 Ratings
00 Ratings
Financial Document Management
7.50 Ratings
00 Ratings
Payment Status Tracking
9.20 Ratings
00 Ratings
Payment Audit Trail
9.20 Ratings
00 Ratings
Duplicate Bill Detection
8.80 Ratings
00 Ratings
Advanced OCR
8.20 Ratings
00 Ratings
Electronic Funds Transfer
9.20 Ratings
00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Melio
8.7
Ratings
27% above category average
QuickBooks Online Advanced
-
Ratings
Automated Accounts Payable Processes
8.90 Ratings
00 Ratings
Vendor Management
8.80 Ratings
00 Ratings
Tax Form Preparation
8.60 Ratings
00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Melio
-
Ratings
QuickBooks Online Advanced
9.0
Ratings
16% above category average
API for custom integration
00 Ratings
8.20 Ratings
Plug-ins
00 Ratings
9.90 Ratings
Security
Comparison of Security features of Product A and Product B
Melio
-
Ratings
QuickBooks Online Advanced
9.2
Ratings
10% above category average
Single sign-on capability
00 Ratings
9.30 Ratings
Role-based user permissions
00 Ratings
9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Melio
-
Ratings
QuickBooks Online Advanced
8.4
Ratings
6% above category average
Dashboards
00 Ratings
8.80 Ratings
Standard reports
00 Ratings
8.80 Ratings
Custom reports
00 Ratings
7.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Melio
-
Ratings
QuickBooks Online Advanced
9.3
Ratings
18% above category average
Accounts payable
00 Ratings
9.40 Ratings
Accounts receivable
00 Ratings
9.70 Ratings
Cash management
00 Ratings
9.10 Ratings
Bank reconciliation
00 Ratings
9.50 Ratings
Expense management
00 Ratings
9.70 Ratings
Time tracking
00 Ratings
9.70 Ratings
Multi-currency support
00 Ratings
9.70 Ratings
Multi-division support
00 Ratings
7.50 Ratings
Regulations compliance
00 Ratings
9.20 Ratings
Electronic tax filing
00 Ratings
9.50 Ratings
Self-service portal
00 Ratings
9.80 Ratings
Primary and Secondary Ledgers
00 Ratings
9.90 Ratings
Intercompany Accounting
00 Ratings
7.40 Ratings
Journals and Reconciliations
00 Ratings
9.60 Ratings
Enterprise Accounting
00 Ratings
8.50 Ratings
Configurable Accounting
00 Ratings
9.80 Ratings
Centralized Rules Framework
00 Ratings
9.50 Ratings
Standardized Processes
00 Ratings
9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Melio
-
Ratings
QuickBooks Online Advanced
9.6
Ratings
27% above category average
Inventory tracking
00 Ratings
9.60 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Melio is particularly well suited for small businesses above $100K in revenue whose owners want to save time and simplify bill payments. It is helpful to bookkeepers so that they don't have to ask the owners, over and over again, "what was that check for?" and "can you send me the bill?"
QuickBooks Online Advanced is best suited for small businesses who don’t have any consolidation considerations. Additionally, the software tends to struggle when there are a large number of projects. The report screens will struggle to load at times and it will be difficult to view reports. However, it does really well at creating an all-in-one solution for companies who need payroll, accounting, and tax compliance in a relatively inexpensive bundle.
The simplicity it adds to business payments is a great deal. One feature we really value it the ability to pay vendors by check. Melio prints and mails checks for us which saves time and hassle.
Payment scheduling tool is another thing we enjoy. This tool lets us plan ahead and manage cash flow more effectively by setting payment dates in advance.
Another thing Melio does well is the tracking of payment.
There was a time a vendor claimed that they hadn't been paid, but with just a few clicks we could see the check has already been delivered.
This kind of transparency gives us confident and keep things professional.
The integration with other platform or accounts like QuickBooks is an experience I did love to keep.
It allows us to link to bank accounts in order to get up-to-date, real-time information, which is so important in today's lightning speed work world.
The "canned" reports are excellent and allow for extreme customization also. This makes them very helpful to both me and my clients.
The user interface for QuickBooks Online Advanced is easy to navigate and is intuitive for novices. The screens are well laid out and have cohesiveness on each screen to match tasks with others that match up well.
There should be an automatic link between vendors added with their Melio link and the same vendors that already exist in QuickBooks. As it is now, a new vendor is created when you do that and is not linked with the one that already is in QuickBooks.
QuickBooks Online Advanced is very easy to use and the data is very transparent. The reporting shortfalls (not being able to report the current month and YTD results on the same report) as well as the issues with the limitations with the management reports.
Melio has been a very important tool in the advancement of our business. With great features, it has made payments to vendors seamless and hassle free. In terms of vendor management, account/data tracking, and scheduling of payments in advance. This has formed the base that we are still with Melio till today.
Melio is 100% free if you just use ACH, and that by itself would be reason enough for me to stick with the platform, it boats a ton of other useful features that add to the experience.
QuickBooks Desktop is no longer being sold in the US, so we had to switch to the online version of the program. It is not a fully fleshed-out all-in-one solution offering everything the desktop version did. That being said, the desktop enterprise was overkill for many people.
I have been able to save hours every week now that I am only using Melio as my payment processor
I can easily add invoice details which I use to create in another platform and upload to Melio, this saves me time with projects I want to be quicker with
The ease of use for my clients is fantastic, and makes for a seamless workflow