ACH check
ACH (Automated Clearing House) checks are essentially electronic checks (sometimes called e-checks), or paperless checks.
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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 MoreACH 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 MoreACH transfers
An ACH transfer is a specific category of electronic funds transfer. There are two types: ACH debit and ACH credit.
Learn MoreBANKING
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 MoreInternational 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 MoreInternational 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 MoreRouting 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 MoreSWIFT payments
The Society for Worldwide Interbank Financial Telecommunication, otherwise known as the SWIFT payment Network, is an international money transfer network established in the 1970s.
Learn MoreWire 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 MorePAYMENTS
Accounting software
Accounting software is any computer program designed to assist accountants, bookkeepers, and business owners in their efforts to record financial transactions.
Learn MoreAccounts payable
Accounts payable is an account that includes all of a company’s debt obligations to creditors and suppliers in the short-term.
Learn MoreAccounts receivable
Accounts receivable refers to money that is due to a business or organization in exchange for products or services that have been delivered but which the receiving customer has not yet paid for yet.
Learn MoreAccounts receivable process
Accounts receivable is an integral part of any business. Find out more about how the accounts receivable process works and how you can get started here!
Learn MoreAutomated Invoice Processing
What is automated invoice processing and how can it benefit your business? Find out here and learn how to build an automated invoice processing workflow.
Learn MoreChart of accounts
What is a chart of accounts, why is it important, and what are some best practices to keep in mind as you are trying to create one? Find out more here.
Learn MoreeCheck
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 MoreEDI 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 MoreEFT payment
An electronic funds transfer (EFT) payment is the process of moving money from one account to another, electronically.
Learn MoreElectronic billing
Electronic billing, or e-billing, is the general term for the process and infrastructure associated with paying, processing, and receiving payments online.
Learn MoreInvoice
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 MoreInvoice matching (2 way)
2-way invoice matching is an automated process that checks for discrepancies between purchase orders and invoices before invoices are approved and paid.
Learn MoreInvoice processing
Invoice processing is an integral part of your business’s accounting process, so what is it, why is it important and how does it work? Find out more here.
Learn MoreNet 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 MoreOnline bill pay
Online bill pay is a service offered by a range of financial institutions and businesses for paying bills online.
Learn MorePayment automation
Payment automation is any tool a business uses in order to automate their process of paying vendors.
Learn MorePayment management software
Payment management software is any software designed to support a business in the process of payment management.
Learn MorePayroll
Payroll describes the entirety of a company’s processes, reporting, and standards for paying their employees and withholding proper payroll taxes.
Learn MorePayroll 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 MorePositive 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 MorePro 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 MorePurchase order
A purchase order (PO) is an official document that is sent from a buyer to a seller, documenting the agreement for the sale of specific products and/or services.
Learn MoreRemittance 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 MoreSpend 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 MoreVirtual 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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