Billing Platform

SEPTEMBER 25, 2023

Consisting of a series of steps, the accounts receivable process refers to the money owed to a business for the purchase and delivery of goods or services. Accounts receivable (AR) provides the critical link between making the sale and receiving payment.

Accounts Receivable 98

Accounts Receivable Accounts Receivable Account Receivables AR 98

Invoicera

JANUARY 19, 2025

Statistics say that in 2023 alone, the global accounts receivable automation market was valued at $3.81 Managing your business Accounts receivable and payable is tough! It is expected to grow at a rapid CAGR of 12.9% from 2024 to 2030. Cost and Time Savings As the old saying goes: “Time is money.”

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables AR 40

Gaviti

FEBRUARY 27, 2025

While there are many conferences for finance professionals , there are no conferences exclusively dedicated to Accounts Receivable (A/R), several events heavily feature this topic, attracting numerous A/R professionals. Plus, these events provide opportunities to network, learn and innovate.

Accounts Receivable 66

Accounts Receivable Accounts Receivable Account Receivables Invoicing 66

Accounting Today

JUNE 5, 2025

Trifilo worked in compliance for several large accounting and finance firms and recently was managing director at a tax firm where he specialized in transaction structuring and advisory service, tax compliance and tax due diligence. All rights reserved.

Tax 147

Tax Corporation Tax Auditing Accounting Software 147

Gaviti

JANUARY 6, 2025

Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. 2) Take a proactive approach A/R and financial teams tend to send payment reminders too late, when the account is already past due or if they are in immediate need for cash.

Collections 92

Collections Invoicing Accounts Receivable Account Receivables 92

Xero

SEPTEMBER 27, 2022

Close to 400 small businesses across Singapore have tapped on Xero’s all-in-one solution to digitalise their accounting function through the DBS Start Digital Package to date. Built by progressive accountants, for progressive accountants, it is the preferred choice of the Big Four and leading progressive accounting firms around the world.

XERO 244

XERO Payroll Purchase Order Accounts Payable 244

Jetpack Workflow

JUNE 19, 2025

That’s why an engagement letter is a crucial piece of any new bookkeeping or accounting project. What is an Accounting or Bookkeeping Engagement Letter? What is an Accounting or Bookkeeping Engagement Letter? An accounting or bookkeeping engagement letter sets the tone and scope of the project.

Bookkeeping 52

Bookkeeping Bookkeeping Services Accounting Accounting 52

AvidXchange

JUNE 6, 2022

Accounts receivable (AR) refers to the outstanding invoices a company has or the money it is owed from its clients. In your personal life, an example of Accounts Receivable would be buying a ticket to a concert or sporting event for a friend with the understanding that they will pay you back later.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

AvidXchange

JUNE 6, 2022

Accounts receivable (AR) refers to the outstanding invoices a company has or the money it is owed from its clients. In your personal life, an example of Accounts Receivable would be buying a ticket to a concert or sporting event for a friend with the understanding that they will pay you back later.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable AR 52

Nanonets

MAY 21, 2024

Accounts receivable reconciliation is a crucial process within accounting and financial management practices undertaken regularly by a business. As transactions with customers and clients occur, businesses generate accounts receivable, which represent amounts owed to them for goods and services sold or rendered.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables General Ledger 52

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (A/R) aging report. What Is an Accounts Receivable Aging Report?

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable AR Collections 52

Nanonets

MAY 8, 2023

Looking to automate accounting processes? Try Nanonets accounting automation software to streamline all your accounting receivable processes. Start your free trial Accounts receivable (AR) is an asset on a company's balance sheet. What is accounts receivable?

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Accounting Tools

MAY 15, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Accounts Receivable Pledging? Accounts receivable pledging occurs when a business uses its accounts receivable asset as collateral on a loan , usually a line of credit. Selling Accounts Receivable to Fund a Business

Accounts Receivable 40

Accounts Receivable Account Receivables Accounts Receivable Accounting 40

Accounting Tools

JULY 24, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. First, what do we mean by "financial" accounting? Accounts receivable.

Financial Accounting 75

Financial Accounting General Ledger Accounting Accounting 75

Accounting Tools

MARCH 29, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is an Accounting Transaction? An accounting transaction is a business event having a monetary impact on the financial statements of a business. It is recorded in the accounting records of the business.

Accounting 75

Accounting Accounting Financial Statements Accounts Receivable 75

Accounting Tools

JULY 25, 2023

Related Courses Sales and Use Tax Accounting Overview of Sales Taxes Customers must be charged a sales tax on some sales transactions if the seller has nexus in the territory of the government entity that charges the tax. This remittance may take place before the customer has paid the related invoice.

Tax 74

Tax Accounting Accounting Accounts Receivable 74

Enterprise Recovery: Accounts Receivable

MAY 19, 2023

With the "unprecedented" events of the past few years, businesses are looking to become more efficient in all areas of their organizations. An area that is often overlooked due to its manual processes is accounts receivable. Here's how accounts receivable automation helps with cash flow.

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Accounting 75

AP Association

MAY 1, 2019

Accounts Payable and Accounts Receivable should be friends for at least a week in our specially-dedicated AP week. The best frenemy selfie wins an I ❤️ Accounts Payable Mug – don’t forget to tag us so we see the once-in-a-year masterpiece! Friday 16 th May It’s ninja time! Why not, in our special week!

AP 100

AP Accounts Payable Accounts Payable Accounts Receivable 100

Accounting Tools

FEBRUARY 13, 2024

This journal entry needs to record three events, which are the recordation of a sale , the recordation of a reduction in the inventory that has been sold to the customer, and the recordation of a sales tax liability. The revenue account is increased to record the sale. What is the Sales Journal Entry? credit] Revenue.

Accounts Receivable 98

Accounts Receivable Accounts Receivable Account Receivables Tax 98

oAppsNet

JANUARY 7, 2025

If your DSO is high, you might feel forced to put off certain expenses, like buying new equipment, joining trade events, or hiring more staff. You also find out the total of your accounts receivable at the end of that period. Remember that this figure can change based on seasonality or one-time events.

Invoicing 40

Invoicing Billing Accounts Receivable Account Receivables 40

Gaviti

JANUARY 10, 2023

Stress testing is a technique used by financial institutions to determine how they would fare financially in the event of an economic downturn or another emergency. Scenario-based planning is a method of cash flow management that focuses on preparing for future events. Accounts payable aging. Current accounts receivable.

Budgeting 98

Budgeting Accounts Receivable Account Receivables Accounts Receivable 98

Trade Credit & Liquidity Management

JUNE 23, 2025

Credit Decisions Can Make or Break Your Cash Flow According to Dun & Bradstreet, poor credit decisions account for over 30% of the bad debt incurred by B2B companies. Without access to credit data, they may offer discounts too early or skip tightening terms for risky accounts, which can reduce margins and increase risks.

Collections 52

Collections Revenue Cycle Data Entry Accounts Receivable 52

Gaviti

DECEMBER 12, 2023

Accounts payable teams also refer to this as the net operating cash cycle or just “the cash cycle.” When businesses waste resources and the accounts receivable departments drag their feet on securing payments, they tend to experience longer cash conversion cycles.

Accounts Receivable 98

Accounts Receivable Accounts Receivable Account Receivables Invoicing 98

Gaviti

JULY 18, 2024

Accountants can also easily integrate short-term projections into long-term cash flow forecasts. Additionally, it allows accountants to ascertain whether they need to adjust credit strategies. Its modules include: Accounts Receivable Analytics. What are our long-term financing needs? Requires more time and resources.

Invoicing 95

Invoicing Accounts Receivable Accounts Receivable Account Receivables 95

Nolan Accounting Center

FEBRUARY 15, 2024

As renowned investor Warren Buffet has stated, “Accounting is the language of business.” What is the Accounting Equation The accounting equation is simply that a company’s assets are equal to the sum of its liabilities (including contingent liabilities) plus shareholders’ equity. appeared first on Nolan Accounting Center.

Financial Statements 90

Financial Statements Tax Accounts Receivable Account Receivables 90

Accounting Tools

FEBRUARY 11, 2024

Business transactions are events that have a monetary impact on the financial statements of an organization. When accounting for these transactions, we record numbers in two accounts, where the debit column is on the left and the credit column is on the right. It is used in a double entry accounting system.

Accounts Payable 75

Accounts Payable Accounts Payable Accounts Receivable Account Receivables 75

Trade Credit & Liquidity Management

JUNE 10, 2025

The collectability of your accounts receivable (AR) portfolio also impacts your company’s operational and financial performance as well as borrowing capacity and costs. These accounts will provide the greatest sales growth and profit potential. This requires an efficient accounting or collection software platform.

Collections 52

Collections AR Deposits Invoicing 52

Accounting Tools

JUNE 8, 2023

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook How to Conduct an Audit Engagement Records Management What are Source Documents? Many source documents are also stamped to indicate an approval, or on which to write down the current date or the accounts to be used to record the underlying transaction.

Petty cash 75

Petty cash Invoicing Bookkeeping Reconciling 75

Nanonets

JANUARY 25, 2024

Automating accounts payable (AP) differs from many other enterprise business processes. For that reason, relevant communities and resources for accounts payable extend beyond finance. For that reason, relevant communities and resources for accounts payable extend beyond finance.

Accounts Payable 52

Accounts Payable Accounts Payable AP AR 52

Outsourced Bookeeping

JUNE 22, 2023

We explore the significance of keeping organized financial records , offer advice on effective tax planning, and highlight the advantages of utilizing professional bookkeeping and accounting services. Adequate documentation guarantees adherence to taxation rules and serves as proof in the event of an audit.

Record Keeping 59

Record Keeping Financial Records Tax Outsourced Bookkeeping 59

Accounting Tools

JULY 12, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Accrual Accounting? Accrual accounting is the recording of revenue when earned and expenses when incurred. Thus, economic events are recorded, irrespective of the dates on which any associated cash flows occur.

Accruals 40

Accruals Accounting Accounting Financial Statements 40

Billah and Associates

JULY 19, 2023

In this guide, we will explore the essential accounting principles every small business owner should know. Bookkeeping Basics: An Overview of Essential Accounting Principles for Small Business Owners Understanding the fundamental bookkeeping concepts is crucial to maintaining financial stability and success.

Bookkeeping 52

Bookkeeping Financial Statements Accruals Bank Reconciliation 52

Invoicera

NOVEMBER 13, 2024

Trust Accounting : Essential for handling client funds with care. Trust accounting is streamlined, too, with trust account balances visible right on your invoices. Invoicera Invoicera lets law firms track billable hours with surgical precision, ensuring every minute spent is accounted for.

Invoicing 52

Invoicing Billing Collections AR 52

Gaviti

DECEMBER 6, 2023

What is Accounts Receivable Outsourcing? Accounts receivable outsourcing is when a company uses a third-party service to handle all or part of their accounts receivable operations. When you rely on an accounts receivable outsourcing service, your success is dependent on the processes of the third party.

AR 52

AR Accounts Receivable Accounts Receivable Account Receivables 52

Accounting Tools

OCTOBER 13, 2023

Related Courses How to Conduct an Audit Engagement A scope limitation is a restriction on an audit that is caused by the client, issues beyond the control of the client, or other events that do not allow the auditor to complete all aspects of his or her audit procedures.

Financial Statements 40

Financial Statements Auditing Accounts Receivable Accounts Receivable 40

Gaviti

MAY 9, 2023

Business operations generate copious amounts of data, accounts receivables being no exception. A few decades ago, companies started using ERPs to manage accounting and other business operations. Find out how to unlock the power of analytics and dynamic reporting for your accounts receivable team.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

Invoicera

NOVEMBER 27, 2024

Challenge 4: Lack Of Integration Options Trying to sync invoicing data with your accounting software manually takes a lot of work. Solution Automated invoicing tools integrate seamlessly with accounting software like QuickBooks, Xero, and PayPal, so your financial data stays up-to-date with minimal effort.

Invoicing 40

Invoicing Billing QuickBooks Purchase Order 40