Accounting software
Accounting software is any computer program designed to assist accountants, bookkeepers, and business owners in their efforts to record financial transactions.
Learn More >ACCOUNTING
Accounts payable
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 >Accounts payable turnover
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
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 >Chart of accounts
A chart of accounts makes it easier to understand where money is coming from and where it's going. Chart of accounts is like the general ledger's contact list.
Learn More >General ledger
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 >Payroll
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
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 >Trial balance
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 >Variable expense ratio
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 >BANKING
Account number
A bank account number is a string of numerals (and sometimes letters) that’s designed to identify an individual bank account and its owner.
Learn More >ACH check
ACH (Automated Clearing House) checks are essentially electronic checks (sometimes called e-checks), or paperless checks.
Learn More >ACH payment
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 >ACH processing
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 >ACH transfers
An ACH transfer is a specific category of electronic funds transfer. There are two types: ACH debit and ACH credit.
Learn More >Bank draft
What is a bank draft? Learn how to make and accept this secure form of payment.
Learn More >Bank identification number (BIN)
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
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 >International bank account number (IBAN)
An international bank account number (IBAN) identifies an international or overseas bank account according to a standardized international numbering system.
Learn More >International wire transfer
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
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 >Promissory note
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 >Routing number
A routing number is a nine-digit sequence of numbers that’s used to identify and send funds to specific banking institutions in the United States.
Learn More >SWIFT payments
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) Payment Network is an international money transfer network established in the 1970s.
Learn More >Wire transfer
A wire transfer is a direct transfer of funds completed electronically, managed through one bank or financial institution and sent to a desired recipient.
Learn More >BUSINESS-BASICS
Business model
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)
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 >Manage vendor relationships
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 >Requisition number
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
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 >CAPITAL
Liquidity ratio
A liquidity ratio measures your ability to cover existing debts. Here's how to calculate the liquidity ratio for your business.
Learn More >Solvency ratio
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 >EXPENSE-MANAGEMENT
Spend analysis
What is spend analysis, how can it benefit your business, and how can an organization ensure an efficient spend analysis implementation? Find out more here.
Learn More >INVOICES
Invoice
An invoice is a document sent from a business to a customer or client requesting payment after a good or service has been delivered.
Learn More >Invoice coding
Invoice coding is the process of embedding additional information into an invoice using a unique system of codes.
Learn More >Invoice processing
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
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 >Pro forma invoice
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 >Purchase order
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 >Three-way matching
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 >Two-way matching
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 >PAYMENTS
Billing cycle
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 >Clearing House Interbank Payments System (CHIPS)
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 >Digital wallet
Learn how consumers use digital wallets and how your business can benefit from them.
Learn More >Duplicate payments
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 >eCheck
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 payment
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 >EFT payment
An electronic funds transfer (EFT) payment is the process of moving money from one account to another, electronically.
Learn More >Electronic billing
Electronic billing, or e-billing, is the general term for the process and infrastructure associated with paying, processing, and receiving payments online.
Learn More >Online bill pay
Online bill pay is a service offered by a range of financial institutions and businesses for paying bills online.
Learn More >Payment automation
Payment automation is any tool a business uses in order to automate their process of paying vendors.
Learn More >Payment facilitator (PayFac)
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
Payment management software is any software designed to support a business in the process of payment management.
Learn More >Positive pay
Positive pay is a system for detecting check fraud that compares checks presented at a bank to a list of approved checks provided by the issuer.
Learn More >Prorated
Prorating can help you charge a fair, flexible price. But what does prorated mean, and how does it impact your customer base?
Learn More >Remittance advice
Sending remittance advice to give information about your payment is an accounting best practice and courtesy to your suppliers and vendors. Find out more!
Learn More >Virtual card
A virtual credit card (also known as a virtual card) is a temporary digital card number that is used for online transactions.
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