Topic: Payments
Early payment discount: what is it & how and when to use it?
In today's fast-paced business environment, managing cash flow effectively is crucial for maintaining...
What are accounts receivable vs accounts payable?
In the world of finance, two crucial concepts that play a significant role in managing a company's cash flow...
8 payment reminder emails to get you paid faster
The sad fact is that87% of businesses report that their invoices get paid after the due date. This late...
5 ways to get clients to pay outstanding invoices
At a time when60 percent of all invoices issued are paid late, proactively chasing overdue payments has...
What is bank reconciliation? Overview & quick guide
Bank reconciliation is the process of comparing your bank statement with your own records to ensure that they...
What is a promissory note?
A promissory note is a written agreement between a lender and a borrower that sets out the terms of a loan.
What is an EFT payment?
An Electronic Funds Transfer (EFT) payment is a payment option with unparalleled convenience, efficiency, and...
Are debit card transactions cash or accounts receivable?
Debit card transactions are generally considered cash transactions because the funds are immediately deducted...
What is an ACH payment?
Automated Clearing House (ACH) payments have transformed the landscape of financial transactions, providing a...
Excel sheet to track payments and invoices: Free template
Tracking payments and invoices is crucial for businesses to maintain financial stability and efficient...
Multi-channel payment chasing: The key to improving your cash flow
A shocking 55% of all the invoices issued in the US are paid late. Even worse, 20% of those are only paid...
What is dunning in accounts receivables, and how to optimize it
Dunning is the process of asking your customers for the money they owe you. This might seem like a simple...