Resources on basic accounting and payment terms business owners must know.
Discover how hedge accounting works. We’ll discuss the different types of hedging instruments that can be used, the key principles and benefits associated with hedge accounting, and compliance and disclosure considerations.
Discover what invoice discounting is and how it works. Examine the advantages and disadvantages so you can make an informed decision about whether or not it's right for your business.
Learn effective steps for accurate account reconciliation and achieve financial clarity. Read the article to streamline your reconciliation process today!
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.
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.
