Resources on basic accounting and payment terms business owners must know.
Learn everything you need to know about the 1099 Form and its importance at tax time. Discover how to streamline your financial reporting with Bill.com.
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 >Learn how to apply the accounting equation (Assets = Liabilities + Equity) to your bookkeeping and never lose track of your finances!
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 >Learn about what accrued revenue is and why it is important to businesses. Find out how BILL's intuitive accounts receivable system helps track accrued revenue.
LEARN MORE >Get an in-depth overview of acid test ratio, with tips on how you can use it to measure your business's financial health. Learn more with BILL.
LEARN MORE >Accounts payable and accounts receivable aging reports help businesses maintain a healthy cash flow. Learn what aging reports are and how to use them.
LEARN MORE >Amortization can help better manage monthly debt payments while still increasing your revenue. Learn how amortization can help your business.
LEARN MORE >A balance sheet is a financial statement that provides insight into assets, liabilities, and equity of a company. Create and manage your own.
LEARN MORE >What exactly are accounting principles—and how can you use them to benefit your business?
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 >Break even analysis helps businesses understand how many units they need to sell before they stop losing money.
LEARN MORE >The break even point is a number you can use for everything from smarter price setting to goal creation. Find out how to calculate the break even point.
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 >Business forecasting helps companies understand what the future holds for your business. Learn forecasting methods and types to analyze data.
LEARN MORE >Discover the capital asset pricing model and what capital assets are. This guide from Bill.com explores how the CAPM helps investors make informed decisions.
LEARN MORE >Learn the importance of cash flow statements in financial reporting & how it tracks cash inflows and outflows, aiding in cash management and decision-making.
LEARN MORE >Learn the ins and outs of cash basis accounting in our guide. Discover its benefits, limitations, and how it differs from accrual accounting.
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 cost-benefit analysis is an essential decision-making tool that helps you measure risk vs. reward for business projects.
LEARN MORE >Decode the days cash on hand formula: Measure liquidity & resilience. Learn the formula, components, and impact. Optimize cash flow with BILL's financial tools
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 >Learn the basics of double-entry accounting and why your business needs it! Find out how to streamline payroll for small businesses with BILL.
LEARN MORE >Discover the power of finance automation! Learn how this technology streamlines processes, optimizes efficiency, and enhances accuracy in managing finances.
LEARN MORE >Financial accounting allows you to measure the financial well-being of your company by tracking every transaction made within your business.
LEARN MORE >Financial reporting is important not only to show your company's current financial health, but to plan for financial growth. Learn how to leverage reporting.
LEARN MORE >Measuring your company’s financial health is critical to current and future business activity. Learn the importance of financial statements.
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 >Grow your sales and stock evaluation by automating financial reporting based on generally accepted accounting principles.
LEARN MORE >Income statements are essential to understanding if your company is performing well and gives you a glimpse of your company’s profitability.
LEARN MORE >Calculating your net worth can help financial clarity and make informed decisions. You can calculate net worth and improve financial management with BILL.
LEARN MORE >What does netting mean? Discover the power of payment netting in finance with our comprehensive guide.
LEARN MORE >Learn what you need to know about payroll taxes for your business including how to calculate them. Stay compliant and save time with our comprehensive guide.
LEARN MORE >A profit and loss (P&L) statement details the revenue, expenses, and costs from a specific time period in order to show net profits.
LEARN MORE >What are retained earnings & where do they fit on a balance sheet? Learn what retained earnings are, and how to report them.
LEARN MORE >Learn how to calculate retained earnings using the retained earnings formula to ensure your business is on track.
LEARN MORE >Master payroll fundamentals with our step-by-step guide. Set up correctly, save money, avoid costly mistakes. Get excited about it with BILL.
LEARN MORE >How to you do your business taxes? What are the basic principles of accounting?Learn about tax compliance and more with tips from BILL.
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 >What is value added tax (VAT): Understand how it works, its advantages, refunds, and efficient management in BILL’s ultimate VAT guide.
LEARN MORE >Virtual bookkeeping refers to digital bookkeeping services that perform financial operations for businesses. These services will interface with you virtually.
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 >Accounts payable turnover is a metric that compares the payments you made on your accounts payable (AP) to your average AP balance.
LEARN MORE >All business owners should know the difference between accounts payable and accounts receivable. Find out everything you should know about AP vs. AR.
LEARN MORE >Discover effective business finance planning in this guide on the accounts payable workflow process from BILL. Try our AP/AR system for your business today!
LEARN MORE >Invoice capture is the first step in processing invoices. Here's how to speed up the process with automation.
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 >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 >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 >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 >How can you ensure your vendors and suppliers are helping your business reach its goals? Learn more about vendor scorecards today.
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 >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 >The term "net 30" describes 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 >Activity based budgeting can help your business accomplish its short-term goals by assigning costs to activities which lead to success.
LEARN MORE >Need to manage your business finances? Use these budget management strategies to build a strong financial plan and a more profitable business.
LEARN MORE >A budget surplus occurs when you spend less money than you take in. Learn how budget surpluses affect business and how to manage the funds.
LEARN MORE >Choosing a business budgeting method is complicated! Read on to learn more about these five ways to plan your business budget and find the best option for you.
LEARN MORE >Cash flow is one of the most important financial metrics business owners track. Find out what cash flow is and how to prepare a cash flow statement.
LEARN MORE >A cash flow budget ensures your business will have enough money from week to week as it only focuses on cash payments and money available.
LEARN MORE >Discover how small business owners can control their costs and ensure cash flow remains positive with cost management strategies from BILL.
LEARN MORE >Learn about how incremental budgeting can help your business plan for the future by looking at the past. Manage your incremental budget now.
LEARN MORE >Automate business budgets to track spending habits, cash flows and sales performances to reduce costs and build better financial frameworks.
LEARN MORE >Value proposition budgeting involves identifying the business's key value drivers & funding the initiatives that create said value.
LEARN MORE >The zero based budgeting process is relatively new. Learn about the pros and cons of ZBB and how to implement a zero based budgeting methodology with BILL.
LEARN MORE >Automating the financial planning process enables business owners to gain better control over their finances and reduce human error.
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) is a broad term that refers to specific electronic systems that a business uses to manage its day-to-day activities.
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 >Requisition numbers are unique identifiers that allow every requisition to be tracked. Learn about the multiple types of requisitions with BILL.
LEARN MORE >Create a comprehensive risk management plan to stay one step ahead of unexpected events that could harm your business, and unlock the potential for success.
LEARN MORE >Find the answer to "What is Supplier Onboarding?" with help from BILL. In this article, we define supplier onboarding, how to onboard a new supplier, & more.
LEARN MORE >Business capital helps indicate the overall strength of your company. Learn how businesses use capital for short-term and long-term success.
LEARN MORE >Funding is a common tool that businesses use to grow and improve. Learn about the types of business funding and how they can help your business.
LEARN MORE >If you're looking for ways to take advantage of grant funding programs, here's what you need to know about applying for business grants.
LEARN MORE >Business loans offer companies business capital to grow their organization. Learn about the different kinds of loans and how to apply.
LEARN MORE >Are you considering crowdfunding to help fund a business venture? Find out how crowdfunding works and what you need to start a successful campaign.
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 >Understand how the Return on Investment formula works and learn how it can help you make smarter business investments (with less risk!).
LEARN MORE >Revolving credit is an open line of credit you can use whenever you need it. Learn how it works and the impact it has on businesses.
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 >Businesses can use investments to gain funding and to grow their existing capital. BILL will discuss both sides of investments.
LEARN MORE >Every business goes through highs and lows, but what matters is if you're prepared. Learn about what working capital is and how it can affect your business.
LEARN MORE >ACH (Automated Clearing House) checks are essentially electronic checks (sometimes called e-checks), or paperless checks.
LEARN MORE >What is ACH debit? ACH debits are electronic payments made through the ACH network, or Automated Clearing House network.
LEARN MORE >What is ACH credit? ACH credit, also known as direct deposit, is payment that's "pushed" from one bank account to another using a U.S. banking network.
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 >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 >The American Bankers Association (ABA) is a trade association for U.S. banks. It serves as a foundation for everything that’s going on in the banking space.
LEARN MORE >B2B payments are a classification of transactions between two business entities rather than a business and a consumer (or two private individuals).
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 >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 >Learn what a bank transit number is & how to identify one. Discover the difference between a bank transit number vs routing number in this article from BILL.
LEARN MORE >A billing cycle refers to a period from the end of one billing statement date to the next. Learn more on how you can use them to your company's advantage.
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 >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 >Learn the meaning of days sales outstanding and how you can use this crucial liquidity metric to keep your small business afloat with BILL.
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 >EDI, or electronic data interchange, is often confused with ACH and EFT. Find out what EDI payments are and how they differ from other types of payments.
LEARN MORE >An electronic funds transfer (EFT) is a secure and convenient way to electronically transfer money from one bank account to another. 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 >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 >Learn what an intermediary bank is & what an intermediary bank is used for in this article, where we provide in-depth info about financial institutions.
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 >Find out what a MICR number is & why it's important in our banking system even today. Learn about what a MICR number does & more with this article from BILL.
LEARN MORE >As a business owner, you should know what your merchant category code is and how it impacts your business. Find out what an MCC code is.
LEARN MORE >Discover what does OFAC stand for and what does OFAC do for economic and trade sanctions. Learn about OFAC licenses, compliance requirements, and reporting of potential violations.
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 >Discover the magic of payment gateways. Make your business thrive with easy and secure online transactions and best practices.
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 payments.
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 >Prorating can help you charge a fair, flexible price. But what does prorated mean, and how does it impact your customer base?
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 >Unlock the future of instant transactions with Real Time Payments. Learn how to cut your transaction times down to minutes with BILL and the RTP Network.
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 >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 >A virtual credit card (also known as a virtual card) is a temporary digital card number that is used for online transactions.
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 >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 >A bank reconciliation statement is a financial tool that helps businesses ensure that their records match the transactions in their bank accounts. See examples.
LEARN MORE >Travel is a big burden to your bottom line. Learn how to manage your business travel budget and save money with our corporate travel management tips.
LEARN MORE >Control business spending by putting the right policies and procedures in place through an expense management system. Learn more!
LEARN MORE >Discover what an expense report is, its purpose, and how to create and submit one. Read on for a comprehensive overview of expense reporting.
LEARN MORE >Expense tracking is the process used to record everything your business spends money on reporting receipts, credit card statements and more.
LEARN MORE >What’s the difference between overhead costs and operating expenses? We've defined the difference with common examples for business owners.
LEARN MORE >The expense reimbursement process allows employers to pay back their employees who have spent their own money on business-related expenses.
LEARN MORE >Spend analysis, or procurement spend analysis, refers to the process of collecting, organizing, and analyzing your company's spend data.
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 >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.
LEARN MORE >