Resources on basic accounting and payment terms business owners must know.
Learn what cash management is, why it matters, key activities, challenges, and strategies to improve cash management and strengthen business liquidity.
Learn the expense recognition principle, how it works, why it matters, and how to apply the expense recognition principle accurately with modern tools.
Learn what hyperautomation is, how it works, key technologies, benefits, challenges, and real business use cases to improve efficiency and decision-making.
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.
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.
What is a promissory note? Explore promissory note types and examples; and learn more about these documents and how they govern the lending process.
Prorating can help you charge a fair, flexible price. But what does prorated mean, and how does it impact your customer base?
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.
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.
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.
Find out how to improve your business processes and use accounts payable automation software to avoid duplicate payments to your vendors and suppliers.
The term "net 30" describes the deadline for payment of an invoice—in this case, 30 calendar days. Gain clarity on net 30 payment terms.
An ACH payment is a payment sent via the Automated Clearing House network, an electronic network used to send paperless payments between bank accounts in the US.
Notes payable is a liability account where borrowers record their written promises (promissory note) to repay lenders. See an example of notes payable.
Spend analysis, or procurement spend analysis, refers to the process of collecting, organizing, and analyzing your company's spend data.
