Preheat the oven to 350 degrees F. Mix together the Bisquick, water, and grated cheese. Pat or roll out the dough to 3/4-inch thick. Cut the biscuits with a cutter and place in a baking pan. Bake for 8 to 10 minutes, until the tops are golden brown.
While the biscuits are baking, in a small saucepan, melt the butter together with the parsley, garlic powder, and Italian seasoning. After you remove the biscuits from the oven, brush the tops with the seasoned butter and serve immediately.