article thumbnail

Criteria for a capital lease

Accounting Tools

This results in the recordation of the asset as the lessee's property in its general ledger , as a fixed asset. Note: The capital lease concept was replaced in Accounting Standards Update 2016-02 (released in 2016 and in effect as of 2019) with the concept of a finance lease.

article thumbnail

Takeaways from Intacct Advantage, David joins AutoEntry, results from Intuit’s annual rate survey, and more

Cloud Accounting Podcast

Show Notes Sage Intacct delivers quadruple win for Finance teams — Enterprise Times — Sage Intacct announced new features at its annual conference, including Sage Intacct Budgeting and Planning, an Interactive Custom Report Writer, and General Ledger Allocations.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

An Overview of Netsuite AP Automation

Nanonets

and later acquired by Oracle Corporation in 2016. Accounts Receivable Automation In the accounts receivable process, NetSuite automates tasks such as invoice generation, payment reminders, and cash application. This ensures that financial data is accurately recorded in the appropriate ledger accounts without manual intervention.

AP 52
article thumbnail

Construction Industry Payment Automation Q&A: Jim Campbell  — Part I

AvidXchange

In 2010, CIS was acquired by Viewpoint Construction Software, where he served as Channel Sales Manager for North America until joining AvidXchange as Vice President of Construction Sales in March of 2016. They have three children and four grandchildren. It was really all about construction accounting. It was quite the paper shuffle.

article thumbnail

Cloud M&A, get paid to move to Vermont to work remotely, & app updates galore

Cloud Accounting Podcast

This is a noticeable increase from 2016, when only 23% had made the jump. Top 10 Accounting Firm IT Survey Surprises — CPA Practice Advisor — An IT survey reports that more than half of midsize and large accounting firms (51%) have outsourced their entire IT infrastructure to the cloud.

article thumbnail

Miraculous Accounts Payable (AP) Process Improvement Ideas in 2024

Invoicera

Manage approval assignments, general ledger posting, workflow, approval and review or notifications. #Tip 3: Streamline workflow with the automation of Approval Quickly approve/get approved received invoices to streamline payments. Quick approvals and payments avoid late payments.

article thumbnail

Electronic Payment Systems: The Complete Guide

AvidXchange

According to Statista, the United States had over $322 billion in e-commerce sales in 2016, of which Amazon alone accounted for $46.7 trillion for 2016. This means every payment is automatically recorded on the general ledger. Plus, it brings every product and service to a global audience rather than just a local one.

Billing 52