article thumbnail

Why need for account reconciliation services

Nanonets

Accounts Receivable Reconciliation entails reconciling the accounts receivable ledger with customer payments and invoices to ensure that all outstanding receivables are properly accounted for and collected. billion by 2031.  billion in 2022 to USD 8.09

article thumbnail

Leveraging Technology to Overcome the Accounting Shortage

Gaviti

The accounting and finance industry, including accounts receivable teams, have been facing an upheaval in recent years, with the lack of accountants and financial professionals causing firms to compete for talented staff. The main technological changes include: Automation.