Resources on basic accounting and payment terms business owners must know.
What is a DUNS Number and why does your business need one? Learn how this 9-digit identifier impacts your business credit, credibility, and partnerships.
What is an ACH hold and how long does it last? Learn why banks restrict funds, common triggers like large deposits, and how to prevent cash flow disruptions.
Learn what are virtual credit cards and how do they enhance online security, set spending limits, prevent fraud, and manage business expenses with ease.
BIN numbers allow merchants to evaluate and assess payment card transactions. Here's how BINs work and how they impact your business.
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.
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.
