Home » How does SimpleBills work?

How does SimpleBills work?

Answer

In order to simplify your life, every month SimpleBills retrieves both the utility providers bill and calculates the monthly cost. You will then receive one statement or “bill”, instead of many from each provider. We also give you an exact breakdown of how much is being paid for by roommate(s), so that each person is only responsible for their share.

SimpleBills Whiteboard Video

SimpleBills makes organizing and keeping track of your monthly bills and expenses a breeze. Simply add your bills by entering the amount due, the date you are expected to pay it – then we’ll do all the work! Once you begin adding your recurring payments SimpleBills will pull in all of your past transactions and start calculating interest, late fees and more. No more wondering about when a payment is due or how much has been paid to date. Now with SimpleBills, managing bill payments becomes effortless!

First off let’s talk about what SimpleBills DOESN’T do: We don’t control any of your bank accounts or credit cards (yes we went there); we don’t provide any personal financial data; and we won’t help you stay on track with your budget. What we do is make it easy for you to enter all of your bills, lay out when they are due and whose paying them (you know, so you can remember how much money to take out of your account).

How To Make Simple Billing System Using Excel


Next SimpleBills does the math! We’ll crunch the numbers so that each time you save a payment, login or update an information session our system will automatically calculate which bill(s) need to be paid next. That’s pretty slick if ya ask us! This also allows us to show how much interest has been built up over time along with many other things – like how late did you run on paying to avoid extra fees?
Need to add additional details about a bill or payment? No problem, SimpleBills will keep track of it all – even if you change your payment schedule once or twice. We also allow you to mark bills as recurring and pay them on your preferred day each month. Oh, and did we mention that we’ll tell you when an upcoming bill is close to being paid off? No more trying to remember which ones need attention! If you have any questions regarding information related to a specific bill, we’ve got our comprehensive Help Center to assist with anything else.

How does SimpleBills work?

In order to simplify your life, every month SimpleBills retrieves both the utility providers bill and calculates the monthly cost. You will then receive one statement or “bill”, instead of many from each provider. We also give you an exact breakdown of how much is being paid for by roommate(s), so that each person is only responsible for their share.

How do I update my personal information?

It’s easy! If you want to add a new bank or credit card to an existing bill in SimpleBills all you need to do is go back into our “My Accounts” section and enter the needed details. That way we can make sure that your payments are always up-to-date – saving you hours of stress on managing multiple accounts and tracking down bills late every month.

What about changing plans?

You can easily modify your payment plan online. Just login and go to “My Settings”. Here you can adjust your account information, alter the amount of payments per month and/or change how often that bill is charged to your selected bank or credit card account. You can also elect not to have a certain payment deducted from your checking or savings account.

Should I be worried about my personal information?

No need to worry, SimpleBills does not store any sensitive financial information (like your credit card number or social security). We also use top of line encryption technology to ensure that all data we collect remains 100% secure at all times – which is why our system has been tested and certified by Thawte Consulting!

What about my credit card & bank account(s)?

Simply login and choose “My Accounts”. Here’s where you can enter the names of any account(s) and the amount due. SimpleBills will handle the rest! We’ll automatically calculate your minimum payment, interest paid so far when your next payment is due – and when it’s time to pay off that balance completely!

Scroll to Top