Understanding accounting errors and how to prevent them

Understanding accounting errors and how to prevent them

Accurate accounting is crucial for a business’s financial health and growth. If you want to save money, you need your accounting to be meticulous.
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Tips
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Finance
The future of B2B payments lies in embedded finance

The future of B2B payments lies in embedded finance

The business-to-business payments market lags behind its B2C counterpart and is only just beginning to embrace embedded finance.
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Finance
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Payments
Bookkeeping 101: What’s invoice management?

Bookkeeping 101: What’s invoice management?

In this article, we’ll cover how businesses need to handle incoming invoices, the process’s main pains for small businesses, and how online AP tools can help.
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Finance
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Payments
The best holiday gifts: small business edition

The best holiday gifts: small business edition

Picking holiday gifts for loved ones shouldn't be a chore. Check out our holiday gift guide to find curated gift recommendations for everyone on your list!
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News
7 tips and tricks to build a perfect small business budget

7 tips and tricks to build a perfect small business budget

When you’re a business owner, the unexpected can happen. Having a budget is vital to guarantee things run smoothly. Check out these tips for creating a budget.
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Tips
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Finance
Bookkeeping 101: What’s the difference between 1099-NEC and 1099-MISC?

Bookkeeping 101: What’s the difference between 1099-NEC and 1099-MISC?

Learn how Form 1099-NEC and Form 1099-MISC differ, when they’re due, which to use for contractor payments, and which for other annual business expenses.
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Finance
Should you outsource your accounts payable?

Should you outsource your accounts payable?

There are many reasons to outsource your accounts payable. We’re here to help you understand the pros and cons of using a third-party vendor to manage your AP.
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Payments
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Finance
7 Melio features to help you pay and get paid faster

7 Melio features to help you pay and get paid faster

In this article, we discuss Melio’s top features from 2022. Learn about each feature and how you can pay the bills easier.
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Product
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Tips
Melio’s new affiliate program: How much money can I make?

Melio’s new affiliate program: How much money can I make?

Make money at any time, from anywhere — even while you sleep. How? Melio’s new affiliate program allows you to cash in BIG with every referral you sign up.
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News
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Finance
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Tips
6 small business experts you should be following

6 small business experts you should be following

It's always a good idea to learn from those who've walked in your shoes. Here are six small business experts you’ll want to keep an eye on through social media.
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Tips
Give your vendors the gift of not waiting for checks in the mail

Give your vendors the gift of not waiting for checks in the mail

On top of cheer, the holiday season brings USPS delays, putting you at risk of late payments if you’re still mailing checks. Here are four ways to avoid that.
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Payments
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Tips
10 tips for managing your small business finances

10 tips for managing your small business finances

Most companies’ downfall results from poor financial management. Lyle Solomon of Oak View Law Group explains how SMBs can do it right.
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Finance
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Tips
Bookkeeping 101: What’s ACH withdrawal?

Bookkeeping 101: What’s ACH withdrawal?

For businesses, ACH withdrawal is a great way to pay vendors they have an ongoing relationship with and require periodical payments of varying sums.
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Finance
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Payments
Is it time to hire an accountant for your small business?

Is it time to hire an accountant for your small business?

There comes a time in every small business’ life when an accountant is needed. How to know you’re ready? Here are a few signs.
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Finance
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Tips
How to write a professional estimate: a guide for small businesses

How to write a professional estimate: a guide for small businesses

Work estimation is a key skill but not always the easiest to master. Here’s how to create an effective professional estimate and set yourself up to get paid.
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Finance
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Tips
Bookkeeping 101: What’s an EFT payment?

Bookkeeping 101: What’s an EFT payment?

If your business is trying to move past paper-based payment methods, you’ve probably already used electronic fund transfers without even knowing it.
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Finance
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Payments
Holiday marketing ideas for businesses on a low budget

Holiday marketing ideas for businesses on a low budget

Many businesses had to cut marketing costs in light of tough economic times. These tips help tackle holiday marketing on a tight budget.
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Tips
Bookkeeping 101: Are bills the same as invoices?

Bookkeeping 101: Are bills the same as invoices?

Bills and invoices are often used interchangeably, but, if you’re running a business, it’s crucial to make the distinction.
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Finance
The ultimate guide to ACH transfers and how they work

The ultimate guide to ACH transfers and how they work

Want to speed up your payment processing? With ACH, it's never been easier. Learn everything you need to know in this comprehensive guide.
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Tips
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Finance
6 tips to help your small business prepare for the holiday rush

6 tips to help your small business prepare for the holiday rush

Preparing for the holiday season can be overwhelming and time-consuming for small businesses. Here are some strategies to help get you all set up in time.
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Tips
4 ways to prevent cash flow issues in the construction industry

4 ways to prevent cash flow issues in the construction industry

The construction industry deals with fragile supply chains and rising material costs, making it hard to maintain a healthy cash flow. These methods can help.
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Tips
Bookkeeping 101: Is ACH the same as SWIFT?

Bookkeeping 101: Is ACH the same as SWIFT?

ACH and SWIFT are both types of electronic fund transfers. But, ACH is mostly used for domestic transfers while SWIFT works internationally as well.
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Finance
How to pay business bills on time without hurting cash flow

How to pay business bills on time without hurting cash flow

The way to pay all your bills on time and still keep cash at hand to manage your business is already in your wallet. It’s called a credit card.
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Finance
Top cash flow management strategies and best practices

Top cash flow management strategies and best practices

Want to supercharge your cash flow management? Learn about the best strategies in this comprehensive guide.
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Tips
6 tips to avoid burnout while growing your business

6 tips to avoid burnout while growing your business

Many entrepreneurs suffer from burnout due to prolonged work-related stress. Following these strategies will help you avoid it without neglecting your business.
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Tips
How digital payments can save your business’s cash flow

How digital payments can save your business’s cash flow

SMBs are particularly vulnerable to cash flow issues, especially in today’s volatile market. The good news: embracing digital payments can help.
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Finance
One vendor, multiple bills? Pay them all in one go!

One vendor, multiple bills? Pay them all in one go!

You can now use Melio to pay several bills in a single transaction, making life easier for you and your vendors.
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Product
5 reasons to separate your personal and business finances

5 reasons to separate your personal and business finances

Many entrepreneurs skip opening a separate bank account for the business. But, in the long run, the trip to the bank will be well worth your while.
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Finance
Digital payments help these Denver food and beverage businesses thrive

Digital payments help these Denver food and beverage businesses thrive

Denver’s food and beverage industry faces many challenges, from staff shortages to inflation. Technology can play a major role in overcoming them.
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Payments
How I future-proofed my accounting firm

How I future-proofed my accounting firm

Dave Kersting, the founder of consulting and bookkeeping firm Capovario, explains why today’s challenges call for creativity to attract and retain customers.
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Accountants
How to choose the best payment method for your business

How to choose the best payment method for your business

In this article, we’ll cover the different ways you can pay vendors and business expenses - ACH bank transfer, credit card, debit card, international wire transfers and cash.
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Payments
Bookkeeping 101: Are accounts payable the same as expenses?

Bookkeeping 101: Are accounts payable the same as expenses?

While they both refer to money spent by a company for business purposes, accounts payable and expenses are separate entries in your financial statements.
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Finance
For small firms, embracing technology is key to success

For small firms, embracing technology is key to success

Technology is not a cure-all for business issues, but it can help small companies navigate times of economic instability and uncertainty.
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Accountants
How to work less without hurting your small business

How to work less without hurting your small business

While it makes sense for you to prioritize your business, this doesn’t mean you have to work 24/7 for it to be successful.
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Tips
6 ways businesses can prepare for times of uncertainty

6 ways businesses can prepare for times of uncertainty

Optimizing your expenses and focusing on cash flow can help ensure your company has enough money to stay afloat even if business is slow.
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Tips
5 tips that could've helped me when I owned a food truck

5 tips that could've helped me when I owned a food truck

From the importance of timely payments to why the customer isn’t always right, here’s what Melio employee Rotem Tal learned from running a food business.
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Tips
Why your small business needs to be on TikTok

Why your small business needs to be on TikTok

TikTok today is what Instagram was 10 years ago: a super popular and accessible viral marketing tool. Businesses that don’t use it might get left behind.
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Tips
How Melio helped my family continue my father’s legacy

How Melio helped my family continue my father’s legacy

When my family was struck by tragedy in 2020, digitizing our payments helped us manage the business my father spent a lifetime building.
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Finance
Financial practices every SMB should use to failproof their business

Financial practices every SMB should use to failproof their business

Whether you’re an accounting whiz or the thought of crunching numbers makes you queasy, following these rules for small businesses will make your life easier.
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Tips
Bookkeeping basics: Are accounts receivable assets or liabilities?

Bookkeeping basics: Are accounts receivable assets or liabilities?

In this article, we’ll help you better understand how to fill out your balance sheet, and specifically, where to list AR.
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Finance
Embracing technology enables the supply chain evolution

Embracing technology enables the supply chain evolution

Technology has the potential to dramatically transform the way goods are transported, just as it has transformed how people communicate, travel, and work.
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Finance
Companies should pay faster to keep freelance artists afloat

Companies should pay faster to keep freelance artists afloat

Lauren Kruz, the director of creative studio Radical Womxn, thinks companies have an obligation to support creative professionals through better payment ethics.
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Payments
Bookkeeping basics: accounts payable—asset or liability?

Bookkeeping basics: accounts payable—asset or liability?

Spoiler alert: Accounts payable are a liability on your balance sheet. If you want to know why, keep reading.
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Finance
B2B vs. B2C: meaning, differences, and which is better

B2B vs. B2C: meaning, differences, and which is better

Business-to-business and business-to-consumer are two business models, requiring different strategies for marketing, customer service, and payment processing.
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Finance
What happens when you shop local? A whole lot

What happens when you shop local? A whole lot

Supporting small businesses is more important than ever. Find out why, what happens when you do, and how Melio is leading the charge in 2022 with its "Shop Local" campaign.
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News
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Tips