MineralTree

FEBRUARY 16, 2023

These malicious actors use social engineering tactics such as contacting an AP team and requesting them to update payment information into a fraudulent account or by manipulating victims into providing confidential data, such as bank account numbers and passwords. In 2021, 68% of organizations were targeted with a BEC scam.

AP 52

AP Accounts Payable Accounts Payable Data Entry 52

Nanonets

OCTOBER 15, 2023

When a customer makes a purchase using a credit card, the payment processor forwards the transaction information to the acquiring bank, which then deposits the funds into the merchant’s account. Stripe was founded in 2010 with the goal of making it easy for anyone to accept payments online. What is Stripe?

Invoicing 52

Invoicing Deposits Accounts Payable Accounts Payable 52

AvidXchange

SEPTEMBER 1, 2017

Invoices must be manually created, printed, and mailed; then you wait for the customer to open the envelope, enter the invoice into his or her own system, process the invoice, print a check, and mail it to your company; then your staff has to open the envelope, deposit the check, and match the payment to the outstanding invoice.

Billing 52

Billing Invoicing Deposits Computation 52

AvidXchange

APRIL 10, 2019

Tedious as it may seem, every business transaction needs to be recorded in the right account. The problem, however, is that unless you have automated accounts payable software, finding the correct account isn’t always such a simple task. Fortunately, a chart of account can help you with that.

Accounting 40

Accounting Accounting QuickBooks Petty cash 40