Xero

JANUARY 24, 2024

Late filing: if you’re late to file your GST, the penalty is $50 if you’re on the payments basis, and $250 if you’re on the invoice or hybrid basis Late payments: if you’re late to pay the amount you owe by one day, you’ll receive a penalty charge of 1% of the GST amount owed. Depending on the reason, the fines can be steep.

XERO 241

XERO Record Keeping Invoicing Bookkeeping 241

Outsourced Bookeeping

JUNE 19, 2023

One of the most significant elements of managing a successful business is effective invoice handling. Many companies use QuickBooks , a well-known accounting programme that provides an array of tools to simplify invoice administration, to address these issues.

QuickBooks 52

QuickBooks Invoicing Outsourced Bookkeeping Bookkeeping Services 52

Xero

DECEMBER 1, 2022

Recent research by our partner Airwallex shows that 70% of UK SMEs plan to expand into foreign markets in 2023. You can use it to: Send invoices, quotes and purchase orders. Collect, hold and send funds from your account while avoiding FX fees. . Receive bills and payments. Set up foreign exchange bank accounts and bank feeds.

XERO 238

XERO Reconciling Purchase Order Invoicing 238

Gaviti

FEBRUARY 13, 2023

While your company may do a good job collecting the money that is owed to you, the time it takes to collect along with the effort you have to put in can greatly impact your company’s efficiency. Looking to collect your payments sooner rather than later? Offer some kind of incentive or reinforcement for early invoice payments.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

Gaviti

OCTOBER 23, 2023

From cash flow issues to inefficient payment processes and the inability to choose from a variety of payment methods, B2B companies face a number of challenges with regards to the timely payments of invoices. The post Top 5 Credit Bureau Companies for B2B in 2023 appeared first on Gaviti. Get a demo today.

Budgeting 97

Budgeting Collections Accounts Receivable Accounts Receivable 97

Invoicera

JULY 3, 2023

dollars by 2023, surpassing its record peak in 2019. With such a giant industry, organizations in this niche need to have reliable invoicing systems to ensure timely payments & streamlined operations. In this blog, we’ll take a closer look at: What are custom invoices? trillion U.S.

Invoicing 52

Invoicing Billing Invoice Processing Collections 52

Counto

FEBRUARY 5, 2024

The GST rate for transactions spanning a rate hike is determined by the payment date or the date of services performed/goods delivered, rather than the invoice date (or posting date in the respect of a reverse charge). For goods imported into Singapore on or after 1st January 2024, the Singapore Customs will collect GST at the new rate of 9%.

Invoicing 98

Invoicing Tax Payroll Collections 98

Outsourced Bookeeping

OCTOBER 5, 2023

The process carried out by companies and individuals alike to reconcile both credit card statements with internal records, like your receipts, invoices, etc., The 2023 Guide to Credit Card Reconciliation Collecting Documentation: The first step would be to gather all relevant documentation. is called credit card reconciliation.

Outsourced Bookkeeping 52

Outsourced Bookkeeping Reconciling Bookkeeping Financial Software 52

Billing Platform

MARCH 24, 2023

The popularity of subscription management in 2023 touches virtually every industry that sells services and/or physical or software products – think coffee, snacks, makeup, shaving supplies, health and wellness, pet supplies, software-as-a-service (SaaS), device-as-a-service (DaaS) – virtually everything!

Billing 52

Billing Collections Vendor Management Invoicing 52

Nanonets

JUNE 22, 2023

One important aspect of financial management is invoice reconciliation. Whether you are a small business or a large enterprise, reconciling invoices is an essential process to ensure accuracy, identify discrepancies, and maintain strong financial controls. What is invoice reconciliation? Why is invoice reconciliation Important?

Invoicing 52

Invoicing Reconciling General Ledger Data Entry 52

Nanonets

APRIL 4, 2023

Input The first phase of mailroom automation involves the collection of incoming documents captured through various input channels, including mail, email, mobile, and MFPs. When data is not readily available, you cannot act fast, whether we talk about dealing with a complaining customer or processing a vendor’s invoice.

Data Entry 52

Data Entry Purchase Order Invoicing Collections 52

AvidXchange

DECEMBER 4, 2023

Businesses prefer RTPs because they accelerate cash flow and reduce the administrative burden of collecting and reconciling payments. How Do Real-Time Payments Work? We found that 49% of organizations used real-time payments to pay suppliers and vendors in 2023. It launched in July 2023.

Collections 105

Collections Reconciling Invoicing Accounting 105

MineralTree

NOVEMBER 30, 2023

This has been a major hurdle for finance departments in 2023 because many employees have switched jobs and careers due to the Great Resignation. Inflation Inflation and interest rates skyrocketed in 2023, placing additional pressure on finance departments to expand efficiency across their operations.

AP 91

AP Invoicing Budgeting Financial Operations 91

Jetpack Workflow

FEBRUARY 23, 2023

It links different apps, such as invoicing tools, expense tracking software, and financial dashboards, to automate tasks like creating invoices, reconciling accounts, managing payroll and project deadlines, and much more. Two popular invoice automation systems for accounting firms are Zoho Invoice and FreshBooks.

Bank Reconciliation 52

Bank Reconciliation Data Entry Accounting Accounting 52

Nanonets

MAY 10, 2023

Do you also have multiple tabs open while collecting data for analysis before an important meeting? Data entry software facilitates the processing of invoices, completes time-intensive workflows, and generates sales orders. Top data entry software for advanced automation in 2023 #1. In that case, convert, edit, and save.

Data Entry 52

Data Entry Invoicing Computation Customer Service 52

Xero

OCTOBER 25, 2022

And, in April 2023, he will run the London Marathon for another fantastic cause – Mind , a charity that provide s free mental health information, advice and support to those who need it most. . Of the features used most by EOG Accounting, Rhys highlights repeating invoices and collecting monthly subscriptions through GoCardless. .

XERO 246

XERO Accounting Accounting Bookkeeping 246

Jetpack Workflow

JUNE 1, 2023

Some of the main tasks outsourced teams can handle on your behalf include: Invoice management Expense reporting Check processing Order management Collections management Preparation of Financial Statements Outsourced accounting firms can help you prepare financial statements for your clients. How long will onboarding take?

Outsourced Bookkeeping 52

Outsourced Bookkeeping Bookkeeping Services AR / AP Bookkeeping 52

Nanonets

JUNE 15, 2023

Documents come in a myriad of forms such as emails, memos, contracts, invoices, reports, and more. ', had an elaborate manual process for handling accounts payable, especially when it came to invoice and Purchase Order (PO) matching. In some instances, invoices were emailed and then printed out for further processing.

Data Entry 52

Data Entry AP Invoicing Accounts Payable 52

Nanonets

AUGUST 20, 2023

  Nanonets scans and interprets documents to find and collect data in context. Extract data from invoices, identity cards or any document on autopilot! Nanonets integrates with Blue Prism, read our blog on Invoice processing using Blue Prism RPA to find out more.  Want to automate repetitive manual tasks?

Data Entry 52

Data Entry Customer Service Billing Collections 52

Nanonets

APRIL 24, 2024

It involves comparing transaction records from various sources, such as invoices, bank statements , and payment receipts, to identify discrepancies and errors.  billion in 2023 to $3.40 Payment reconciliation is the process of verifying all payment transactions. billion by 2030, at a CAGR of 14.9% during the forecast period.  

Reconciling 52

Reconciling Invoicing Bank Reconciliation XERO 52

Less Accounting

DECEMBER 1, 2023

Wrap 2023 Up in a Bow: Here's Your Year-End Accounting Checklist As you wrap up gifts for loved ones, you might be considering what else needs to be done to wrap up your business for the year. The best way to avoid unpaid invoices is to send invoices promptly, automate reminders, and offer convenient ways to pay.

Accounting 105

Accounting Accounting Bookkeeping Budgeting 105

Billing Platform

AUGUST 14, 2023

It’s estimated that in 2023 IoT devices will increase to 14.4 Doing this requires turning the raw data you collect into intelligent insights. Are invoices a source of friction between the company and your customers? Devices & Data Will Only Increase Business opportunities don’t end there. But don’t just take our word for it.

Billing 52

Billing General Ledger Invoicing Collections 52

Billing Platform

MARCH 22, 2024

In fact, OpenView’s State of Usage-Based Pricing Report determined that in 2023 approximately 61% of SaaS companies adopted usage-based pricing, up from 27% in 2018. Sending timely and accurate invoices is essential for the financial health of your business. May require a significant amount of time and resources to collect needed data.

Billing 52

Billing Collections Invoicing Auditing 52

Invoicera

NOVEMBER 7, 2023

A report by Gartner says 75% of organizations offering services directly to clients would project subscription services by 2023. Additionally, we will introduce you to a subscription-billing software Invoicera, which can effectively help you manage the overall process of recurring invoicing. Are you ready?

Billing 64

Billing Invoicing Collections Customer Service 64

MineralTree

OCTOBER 26, 2023

Without AP technology, manual processes can hinder efficiency and result in costly mistakes like inaccurate invoice capture. These point solutions can include, but are not limited to the following: Invoice Approval Manual invoice approval workflows can be time consuming to manage.

AP 76

AP Accounts Payable Accounts Payable Invoicing 76

Nanonets

NOVEMBER 30, 2023

Companies that establish accounts payable best practices increase the visibility of information, reduce their invoice processing time, save money, strengthen internal controls and cash flow management, reduce fraud and errors, and improve vendor relationships. Use automatic AP invoice approval processes. 

Accounts Payable 52

Accounts Payable Accounts Payable General Ledger Purchase Order 52

Invoicera

NOVEMBER 7, 2023

A report by Gartner says 75% of organizations offering services directly to clients would project subscription services by 2023. Additionally, we will introduce you to a subscription-billing software Invoicera, which can effectively help you manage the overall process of recurring invoicing. Are you ready?

Billing 59

Billing Invoicing Collections Customer Service 59

Nanonets

MAY 31, 2023

These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management. Further, the aggregate potential cost savings for banks from AI applications is estimated at $447 billion by 2023. Use cases of AI in finance.

Data Entry 122

Data Entry Financial Operations Financial Operations Budgeting 122

Counto

JANUARY 8, 2024

Additionally, non-digital services and low-value goods will also fall under the purview of GST, beginning January 1, 2023. The effective date of your GST registration (the date from which you must charge and collect GST on taxable supplies). Do I need to register for GST? under “Notices/Letters.”

Tax 52

Tax Collections Auditing Invoicing 52

Xero

AUGUST 22, 2023

Short-term cash flow in Xero Analytics Plus now includes predictions for recurring invoice and bill payments, giving small businesses a clearer picture of their potential future cash flow. Businesses can choose to include future invoice and bill payments, collectively or individually, within their cash flow forecast.

Bank Reconciliation 229

Bank Reconciliation XERO Data Entry Payroll 229

Nanonets

FEBRUARY 8, 2024

By streamlining the accounts payable cycle with Artificial Intelligence and automation-centric tools, AP teams can reap the benefits of airtight data accuracy, seamless invoice processing , and downstream collaboration with other teams or business processes. Most of these platforms, however, rely on specific invoice formats to be successful.

AP 52

AP Billing AR AR / AP 52

Billing Platform

DECEMBER 3, 2023

credit card debt and other types of revolving loans surpassed $1 trillion in August 2023 , with outstanding balances on bank cards climbing to 18.1% So whether you’re a small and medium-sized business (SMB) or a large enterprise, one thing is certain – collecting unpaid debt is time-consuming and filled with challenges.

Collections 98

Collections AR Invoicing Accounts Receivable 98

Nanonets

NOVEMBER 14, 2023

Although the origin of E-Procurement can be traced to the 1960s with the advent of Electronic Data Interchange (EDI) , it has evolved into a sophisticated process employing online catalogs, bids, purchase orders, and invoices in the 21 st century. Ideal for specific messages like order confirmations or invoices.

Purchase Order 52

Purchase Order Vendor Management Invoicing Collections 52

Xero

FEBRUARY 21, 2023

I’ll also be joined on stage by some special guests – Xero partners Sarah Lawrance of Hot Toast and Zac Hayes of the Business and Wealth Collective. For anyone looking to grow their firm in 2023, this’ll be one session not to miss. The post Xero is heading to Accountex Australia 2023 – join us there!

XERO 223

XERO Payroll Collections Invoicing 223

Invoicera

NOVEMBER 23, 2023

From expense tracking and reporting to invoice generation , this tool provides businesses with a one-stop solution for managing expenses efficiently. Automation Capabilities: Automate recurring invoices and payments, saving time and reducing errors. It can lead to better job satisfaction and better morale.

Expense Reports 99

Expense Reports Auditing Invoicing Budgeting 99

AvidXchange

JULY 29, 2021

This workforce should be assessed based on, for example, how many invoices it can process in one day and how much time and money that saves your business. You’ll see RPA in action doing tasks on your computer screen such as keying in numbers into the amount field of a digital invoice. Here is the attached invoice document.

AP 40

AP Accounts Payable Accounts Payable Invoice Processing 40

AvidXchange

OCTOBER 22, 2020

Diving into this deeper, Deloitte’s research draws a useful comparison between what an accounting specialist within a commercial real estate company would likely be spending time on this year compared with 2023. Currently, they’re collecting and sorting bills and checks, manually entering data and comparing invoices and payments.

Computation 40

Computation Billing Collections Invoicing 40