We’ve introduced a $1 charge for all U.S domestic payments as of March 15th, 2019. The charge will be automatically added to each U.S domestic payment you send.
How will this fee reconcile with my Veem payments in QuickBooks Online?
Veem will now expose an expense account separate from the funding account. This can be set up at two different times with the Veem-QuickBooks Online (QBO) integration:
- During the initial set up
Select "Get App Now” on apps.intuit.com/veem. This will send you to Veem to set up the integration. Select the Veem “Fee Expense Account” to record the $1 domestic charge.
- If you already have the integration set up
Go to the integrations tab on your Veem dashboard and select the Fee Expense Account to specify where the fee should go.
After Setting Up the Fee Expense Account
By default Veem will create an Expense Account in QBO; however, you can specify whichever account you would like this fee to attach to. If you already have the integration set up, you will need to select the Expense Account you would like the fee to be recorded in.
When submitting bills in QBO, the original Bill Total is sent to Veem. The $1 fee is added at the Debit Initiated stage. At this point, the original Bill being paid is updated to include the $1 fee; this fee is added as a line item on the bill in QBO. Everything will reconcile as normal, and your Veem Bill Pay process will stay the same.