Accounting cycle
The accounting cycle is the process of recording transactions and reporting financial activity. Learn how to perform and monitor your business's transactions.
Learn More >The accounting cycle is the process of recording transactions and reporting financial activity. Learn how to perform and monitor your business's transactions.
Learn More >What does accounting software do? Discover what accounting software is, how it can streamline your business operations, and help you manage your finances.
Learn More >Managing accounts payable can represent a headache for small business owners. BILL can help you understand the AP process, and how to manage outgoing payments.
Learn More >How quickly does your company pay its bills? Find out the answer and if that's a good or bad thing by calculating accounts payable turnover ratio.
Learn More >Accounts receivable refers to money that your business is owed in exchange for goods or services you have provided but the customer hasn't paid for yet.
Learn More >Book value is a metric used to measure a company's net value, but you first need to understand how it works and how it can affect your small business.
Learn More >Gain a clear understanding of a chart of accounts and its importance in accounting. Learn the chart of accounts definition and see a chart of accounts example.
Learn More >A DPO calculation gives insights into how fast or slow a company pays off its invoices. Learn how to calculate DPO and understand what a high or low DPO means.
Learn More >The general ledger is an essential journal for business owners to understand all the ins and outs (credits and debits) of their financial information.
Learn More >Notes payable is a liability account where borrowers record their written promises (promissory note) to repay lenders. See an example of notes payable.
Learn More >Payroll describes the entirety of a company’s processes, reporting, and standards for paying their employees and withholding proper payroll taxes.
Learn More >Payroll management is the process by which a business manages its payroll— the employees, salaries, hourly wages, payments, and taxes relating to payroll.
Learn More >What is a trial balance? Learn more about how this internal report can improve the accuracy of your financial statements for your business.
Learn More >Net sales generally go to three places: covering your variable costs, covering your fixed costs, and your profit. Learn how to calculate variable expense ratio.
Learn More >A bank account number is a string of number s that’s designed to identify an individual bank account and its owner. Learn more with BILL.
Learn More >ACH (Automated Clearing House) checks are essentially electronic checks (sometimes called e-checks), or paperless checks.
Learn More >What is an ACH payment, how does it work, and what are the benefits and drawbacks of using ACH payments versus other payment methods? Find out more here!
Learn More >Learn about ACH processing, the different types of ACH payments, and how ACH processing is a safe, fast, and cost-effective way to pay and get paid.
Learn More >An ACH transfer is a specific category of electronic funds transfer. There are two types: ACH debit and ACH credit.
Learn More >Thanks to organizations like the ABA, it’s easier to do business in the U.S. than ever before. But what is the American Bankers Association? Learn more at BILL.
Learn More >What is a bank draft? Discover how bank drafts differ from other payment methods. Learn how to make and accept this secure form of payment.
Learn More >BIN numbers allow merchants to evaluate and assess payment card transactions. Here's how BINs work and how they impact your business.
Learn More >Bank ratings are assigned to inform the public about a financial institution's stability and security. Know your bank's rating before banking with them.
Learn More >Do you need to send or receive payments internationally? If so, you'll need to know how to find your BIC/SWIFT code. Read our guide to find your code.
Learn More >First time looking at your statements? Learn about what a business bank statement is, how to read it, and the benefits of using one to manage your finances.
Learn More >Choosing a bank for small business has many benefits. Learn more about sorting and organizing business finances with business banking services and BILL today!
Learn More >In this article, we dive into FDIC insurance — what it is, what’s covered, and what you need to know about the FDIC and deposit risk as a business owner.
Learn More >Unsure of what financial institution is best for your business? This article breaks down the different types of institutions and what services they offer.
Learn More >An international bank account number (IBAN) identifies an international or overseas bank account according to a standardized international numbering system.
Learn More >An international wire transfer moves money from a sender in one country to a receiver in another. Learn a cost-effective option to make international payments.
Learn More >Nacha is the organization that regulates ACH bank payments to make them safer, faster, and more reliable for businesses and individuals in the U.S.A.
Learn More >What is a promissory note? Explore promissory note types and examples; and learn more about these documents and how they govern the lending process.
Learn More >What is a routing number? It's a 9-digit code used in the US banking system. Learn how routing numbers work and why they're important for financial transactions
Learn More >Explore the world of SWIFT payments - the global standard for secure and reliable cross-border transactions. Learn how it works and its benefits now.
Learn More >Find out what wire transfers are, the required information to send wire transfers, fees involved, and ways to wire money domestically and abroad. Read on now.
Learn More >A business model defines what the business sells and its plan for generating revenue. Learn more about different business models and how to create your own.
Learn More >Enterprise resource planning (ERP) software can help you integrate and manage your essential business processes. Here's how the best ERP systems can improve your small business.
Learn More >While all vendors are different, follow these vendor relationship management tips to get started on the right path to building better business relationships.
Learn More >Operational efficiency is an accounting metric that compares profits to operational costs. Learn how to measure and improve your operational efficiency.
Learn More >A purchase requisition is a formal, internal request to purchase a good or service. Learn the purchase requisition process and why it's important to have.
Learn More >Requisition numbers are unique identifiers that allow every requisition to be tracked. There are multiple types of requisitions that exist to provide more control over company resources.
Learn More >Virtual bookkeeping refers to digital bookkeeping services that perform financial operations for businesses. This can refer to both external freelancers or internal bookkeepers working remotely.
Learn More >A liquidity ratio measures your ability to cover existing debts. Here's how to calculate the liquidity ratio for your business.
Learn More >A solvency ratio helps businesses estimate how long their business can survive. You can measure solvency in many ways. Learn about solvency ratios with BILL.
Learn More >What is spend analysis in procurement? Learn how spend analysis can streamline your budget, control costs, and maximize profits. Read our comprehensive guide!
Learn More >Learn all about invoices, the documents businesses use to request payment for goods or services. Find out what they include and how to best manage them.
Learn More >Invoice coding is the process of embedding additional information into an invoice using a unique system of codes.
Learn More >Are you waiting for clients to pay their invoices? Here's what you need to know about invoice factoring as a short-term cash flow solution.
Learn More >Unsure what invoice financing is or whether it could benefit your business? This post breaks down everything you need to know about this cash flow solution.
Learn More >Invoice processing is an integral part of your business’s accounting process, so what is it, how does it work, and why automated invoice processing is better.
Learn More >Net 30 is an invoice term describing the deadline for payment of an invoice—in this case, 30 calendar days. Learn to understand discount terms like 2/10 net 30.
Learn More >What are net terms and how they work? Read our guide to learn everything you need to know about Net 15, 30, 60, and 90 payments.
Learn More >Learn how the O2C process can help small business owners create a more streamlined customer experience from point of purchase to payment processing.
Learn More >What is a pro forma invoice and how is it different from a sales invoice? Learn more about the definition and use cases of a pro forma invoice here!
Learn More >Learn everything there is to know about the procure-to-pay process from start to finish. This guide covers the steps to ensure your business runs efficiently.
Learn More >A purchase order (PO) is an official document that is sent from a buyer to a seller, documenting the agreement for a sale of specific products and/or services.
Learn More >3-way invoice matching is a process that checks for discrepancies between invoices, purchase orders, and goods receipts before invoices are approved and paid.
Learn More >2-way invoice matching is an automated process that checks for discrepancies between purchase orders and invoices before invoices are approved and paid.
Learn More >Businesses need to stay up-to-date on the latest methods of B2B payments. Learn how B2B payments work for your business and the various ways you can send money.
Learn More >A billing cycle refers to a period from the end of one billing statement date to the next. Dive into strategies on how you can use them to your company's advantage.
Learn More >CHIPS payments offer a convenient way to transfer large sums of money. Here's how CHIPS payments works, and how they compare to other methods.
Learn More >What is a digital wallet and how does it work? Learn how consumers use digital wallets, the different types, and how your business can benefit from them.
Learn More >Find out how to improve your business processes and use accounts payable automation software to avoid duplicate payments to your vendors and suppliers.
Learn More >What is an eCheck, how to send one, and what are the benefits of using this payment method compared to paying with paper checks? Find out more here.
Learn More >EDI, or electronic data interchange, is often mistakenly used interchangeably with ACH and EFT. Find out how EDI payment differs from other types of payments.
Learn More >An electronic funds transfer (EFT) is a secure and convenient way to transfer money from one bank account to another, without the need for physical checks or cash. Learn more with BILL.
Learn More >What is an e-Bill? Learn about electronic billing (e-Billing) a modern method of generating and sending invoices online. Discover the benefits and how it works.
Learn More >Online bill pay services are offered by a range of financial institutions and businesses to help customers pay bills online easier and more efficiently.
Learn More >Why is payment automation important? Benefits of payment automation includes streamlined payment processes, reduced errors, and saved time and money. Read more.
Learn More >What is a PayFac? A payment facilitator enables you to accept a variety of non-cash payments. Here's how it works and what features to look for.
Learn More >Payment management software is any software designed to support a business in the process of payment management.
Learn More >What are payment rails, and how do they work? Learn more about the infrastructure that enables non-cash payments.
Learn More >Learn how to protect your business finances with Positive Pay. Verify every check against pre-approved payments to prevent fraud and gain control over transactions. Learn more with BILL.
Learn More >Prorating can help you charge a fair, flexible price. But what does prorated mean, and how does it impact your customer base?
Learn More >Sending remittance advice to give information about your payment is an accounting best practice and courtesy to your suppliers and vendors.
Learn More >A virtual credit card (also known as a virtual card) is a temporary digital card number that is used for online transactions.
Learn More >An employer identification number (EIN) is a unique number that the IRS associates with your business. Learn how to apply for one and how to look up an EIN.
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