---
schema_version: "secwatch.filing_event.v1"
accession: "0001786352-23-000029"
form_type: "8-K"
ticker: "BILL"
cik: "0001786352"
company_name: "BILL Holdings, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:24:47.348408+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BILL discloses material weakness in internal controls over quote-to-cash process

## Summary
- Material weakness identified in internal control over financial reporting related to quote-to-cash process as of June 30, 2022.
- No impact on previously issued financial statements; all prior filings remain fairly presented.
- Management and EY reports on internal controls as of June 30, 2022 should no longer be relied upon.
- Company to amend its 2022 Form 10-K and Form 10-Qs for Q1 and Q2 of fiscal 2023 to revise control disclosures.
- Disclosure controls and procedures deemed ineffective at reasonable assurance level for periods ended June 30, 2022 through March 31, 2023.

## SEC filing metadata
- accession: 0001786352-23-000029
- form_type: 8-K
- ticker: BILL
- cik: 0001786352
- company_name: BILL Holdings, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786352/000178635223000029/0001786352-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786352/000178635223000029/bill-20230515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001786352-23-000029
- JSON: https://secwatch.observer/filing/0001786352-23-000029.json
- Plain text: https://secwatch.observer/filing/0001786352-23-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.