AvidXchange

OCTOBER 16, 2023

In 2023, I’m getting paid for services rendered in 2020 and 2021. There’s no credit check required, and suppliers can work with a dedicated team focused on facilitating payments and supporting the accounts receivable (AR) process. Reconciling my books faster is such a relief.” But neither is rapid payment.

Invoicing

MineralTree

NOVEMBER 10, 2022

In fact, 58% of accounts payable teams were targeted via email scams in 2021. Your vendor’s AR team must also spend time getting the money back to your company in the form of a credit. Since duplicate payments cause more work for your vendor’s AR team, this mistake can strain vendor relationships. Strained Vendor Relationships.

AP

Cloud Accounting Podcast

APRIL 28, 2020

So, collaboration starts to become a really, really big issue because there's just not a solution built to, for example, have a centralized checklist in the cloud, where when my AR team would finish a certain process, they could have signed off on it. I could have gotten an alert that I knew it was my turn to start doing my work.

Auditing

Cloud Accounting Podcast

JUNE 28, 2020

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. It's not that complicated.

Bookkeeping