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 >ACCOUNTING
Accounting software
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 >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 >Book value
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 >Chart of accounts
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 >Days payable outstanding (DPO)
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 >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 >Notes payable
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
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 number s that’s designed to identify an individual bank account and its owner. Learn more with BILL.
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 >American Bankers Association (ABA)
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 >Bank draft
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 >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 >BIC/SWIFT code
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 >Business bank statement
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 banking services
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 >FDIC (Federal Deposit Insurance Corporation)
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 >Financial institutions
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 >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
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 >SWIFT payments
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 >Wire transfer
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 >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 >Operational efficiency
Operational efficiency is an accounting metric that compares profits to operational costs. Learn how to measure and improve your operational efficiency.
Learn More >Purchase requisition
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 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 in procurement? Learn how spend analysis can streamline your budget, control costs, and maximize profits. Read our comprehensive guide!
Learn More >INVOICES
Invoice
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
Invoice coding is the process of embedding additional information into an invoice using a unique system of codes.
Learn More >Invoice factoring
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 >Invoice financing
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
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 >Net terms
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 >Order-to-cash (O2C) process
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 >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 >Procure-to-pay (P2P) cycle
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 >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
B2B payments
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 >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
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 >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) 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 >Electronic billing
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
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 >Payment automation
Why is payment automation important? Benefits of payment automation includes streamlined payment processes, reduced errors, and saved time and money. Read more.
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 >Payment rails
What are payment rails, and how do they work? Learn more about the infrastructure that enables non-cash payments.
Learn More >Positive pay
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 >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.
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.
Learn More >TAXES
Employer identification number (EIN)
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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