Amanda Devos 
A solopreneur and a business with 100 employees might both fit the definition of a small or medium-sized business (SMB), but their needs couldn’t be more different, and accounting is one area where this becomes glaringly obvious as you grow. There’s no universal definition of a “medium-sized business,” with much of it coming down to … Read more
While it’s not the most widely-used payment processor on the market, Payline Data generally receives positive reviews from businesses. Payline’s willingness to work with merchants operating in high-risk industries, its competitive interchange-plus pricing model, and its reliable customer support team all contribute to its strong reputation. But despite its benefits, there are still some reasons … Read more
Lately, Rillet has been making a lot of waves across accounting, and for good reason. It’s a powerful, AI-native ERP that uses agents within the ledger to generate journal entries and schedules, streamlining month-end close. Plus, it can automate AP and AR management, perform bank reconciliations, and work with complex revenue recognition models, with multi-entity … Read more
When you’re counting on spreadsheets to manage invoice due dates, approvals, and payment methods, it gets complicated fast, and you’re pretty much guaranteeing that something will eventually fall through the cracks. It’s worth investing in a dedicated bill pay platform that both tracks payments and sends them out, a couple of popular options being Forwardly … Read more
It’s easy to get confused by your merchant statement, especially if you’re just starting out. And if you ignore the parts you’re not sure of, you could be missing out on valuable data. What if your payment processor is overcharging you? If you gloss over the parts of the statement that don’t make sense, you … Read more
AI is increasingly being used to make accounting simpler for firms and businesses. While the tech was initially limited to AI assistants that answer simple questions based on the limited data they’re trained on, newer AI agents go far beyond this, reasoning and making decisions on their own without requiring humans. But while there’s a … Read more
Your business might be profitable on paper, but if you don’t have enough cash on hand to pay your suppliers, you’re going to wind up in a tight spot. There are healthy cash management practices that every business can follow to keep a strong cash flow, like strategically utilizing credit or speeding up payment collection. … Read more
Payment gateways and payment processors might sound similar, but each plays a distinct role in the payment collection process. If you’re collecting card payments from customers, you already have both systems in place, even if you’re unaware of it. Here’s what you need to know. Bottom Line Up Front If you want the short version, … Read more
If your marketing agency is shopping around for a new bill pay tool, you shouldn’t overlook the unique quirks of the industry. For example, you might need to pay international contractors or freelancers, so you need global payment options. Or maybe you like using credit for cash flow management. The best platforms will let you … Read more
Many e-commerce sellers use Merchant One for credit card processing without any issue. However, others find that the company’s fee transparency is lacking, and the costs often run higher than intended. Even though the site lists out qualifying rates and monthly fees, the fine print states that your merchant processing agreement overrides the published rates, … Read more
A credit card is often a business owner’s payment method of choice. You can save money with generous points and cashback rewards, and they offer distinct advantages for your overall cash flow strategy, like float — the time between making a purchase and the funds leaving your bank account. Also, paying with a card is … Read more
If you’ve been using Gravity Payments for a while but are looking to switch to a different processor, you’re not alone. While it works for many small business owners, you may encounter hiccups that prompt you to seek another solution. Gravity Payments’s integrations are limited and complex, its pricing transparency is lacking (particularly for online … Read more
Magento has been a mainstay in e-commerce for a long time. Whether you’ve been around since before Magento Commerce rebranded to Adobe Commerce, use Magento Open Source, or are new to the platform entirely, you’re in good company — particularly with larger enterprises desiring personalization and scalability. But the choice of storefront is only one … Read more
Cash flow is a constant worry at small businesses. Even if you’re maintaining a cash buffer and smartly using credit for purchases, there’s only so long that these strategies will work on their own. It’s common sense, but if you want your business to survive, you’ll need to collect payment from your customers. Of course, … Read more
If you’ve spent any amount of time curating the optimal finance stack for your business, you’ve probably come across both Melio and Relay. Relay is mostly known for its bank accounts and credit card, but it can also take care of a lot of the basics on the AP and AR sides. Melio isn’t a … Read more
In August 2024, Google Ads made a drastic policy change: certain high-growth accounts were suddenly no longer permitted to pay with a credit card. Unfortunately, this was the preferred payment method for many due to the ability to earn points and rewards. When you’re spending hundreds of thousands on ads each year, rewards add up … Read more