Gaviti

MAY 30, 2023

Accounts receivable is one of the most critical roles in your business. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software.

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Accounts Receivable Account Receivables Accounts Receivable Collections 98

Gaviti

MARCH 21, 2023

Proper accounts receivable management is vital if you want to operate a healthy business. While it may not be the most exciting part of your business, good accounts receivable (A/R) practices will make your other business operations much smoother. Do you need help overcoming accounts receivable challenges in your company?

Accounts Receivable 78

Accounts Receivable Account Receivables Accounts Receivable Accounting 78

Outsourced Bookeeping

FEBRUARY 29, 2024

Since necessity is the mother of all inventions, the concept largely applies to the accounts receivable processes as well. This piece seeks to explore the advantages of outsourcing accounts receivable. Why Outsourcing Account Receivable Make Sense What is outsourcing account receivable?

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Accounts Receivable Account Receivables Accounts Receivable Outsourced Bookkeeping 52

Xero

SEPTEMBER 23, 2024

As a busy accountant or bookkeeper, we know you don’t always have time to go through each client’s books to proactively identify issues or opportunities.

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XERO Bank Reconciliation Accounts Payable Accounts Payable 246

5 Minute Bookkeeping

MARCH 25, 2021

As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books ! Check out my video linked below: Using journal entries in a QBO cleanup without messing up the books.

Bank Reconciliation 98

Bank Reconciliation QuickBooks Accounts Payable Accounts Payable 98

Invoicera

APRIL 2, 2024

The accounts receivables and payables management records have a unique significance in the business world. Let’s dive into detailed information about Accounts Payable and Receivable Management and their importance. What is Accounts Payable Management?

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable Accounts Payable 52

Invoicera

JANUARY 9, 2024

There’s a solution: creating a foolproof accounts receivable workflow. What Is the Accounts Receivable Process? Accounts Receivable (AR) is the lifeline of a business, detailing the money owed by customers for products or services rendered. But fear not! Now, there comes a question: how to create it?

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Accounts Receivable Accounts Receivable Account Receivables AR 52

Nanonets

MAY 8, 2023

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. In other words, accounts receivable is the money a company expects to receive in the future from its customers.

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Accounts Receivable Account Receivables Accounts Receivable AR 52

Gaviti

OCTOBER 27, 2022

An accounts receivable (A/R) analysis report is a tool used to assess your A/R in aggregate, giving you a better understanding of cash flows. A complete accounts receivable analysis cannot be achieved with one method, so teams will need to combine several techniques. Creating an Accounts Receivable Analysis Report.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable Collections 52

Gaviti

MARCH 4, 2024

Once an invoice hits accounts receivable (A/R), it enters what’s called the average collection period. Other common names include “days sales in accounts receivable,” “average receivables collection period,” or “ days sales outstanding (DSO).” What Is an Accounts Receivable Average Collection Period?

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Accounts Receivable Account Receivables Accounts Receivable Collections 52

Gaviti

JUNE 15, 2025

That’s where accounts receivable insurance (also known as credit insurance) comes into play. It offers a safety net, protecting your business from potential losses tied to unpaid receivables. This guide explores every facet of insurance for accounts receivable, from benefits and drawbacks to cost analysis and how to get started.

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AR Accounts Receivable Accounts Receivable Account Receivables 52

Gaviti

JULY 11, 2024

The traditional accounts receivable process is full of manual processes that are prone to error. As a result, many businesses turn to accounts receivable automation solutions. The post 7 Best Accounts Receivable (A/R) Automation Software Vendors appeared first on Gaviti. Schedule a demo to learn more.

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Account Receivables Accounts Receivable Accounts Receivable Bank Reconciliation 52

Gaviti

FEBRUARY 13, 2023

The start of a new year means new opportunities for your business to improve, and one area that is often overlooked is your company’s accounts receivable process. This is why many companies consider using third party partners to take care of their accounts receivable process.

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Accounts Receivable Account Receivables Accounts Receivable Accounting 52

Gaviti

FEBRUARY 20, 2023

An accounts receivable balance refers to a company’s outstanding invoices that customers have not yet settled. In other words, it is the amount of money owed to a business by its customers for goods or services provided but for which it has not received payment. For example, a customer might choose to pay when he orders.

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Accounts Receivable Accounts Receivable Account Receivables Reconciling 52

Gaviti

MARCH 3, 2024

Many of these organizations focus on implementing RPA in the financial and accounts receivable department, where employees are burdened with repetitive manual tasks. What is Robotic Process Automation (RPA) in Accounts Receivable? Benefits of accounts receivable automation include: It’s more efficient.

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Accounts Receivable Account Receivables Accounts Receivable Accounting 52

Jetpack Workflow

MARCH 23, 2023

In most cases, you’ll find yourself delivering the product or service first, along with an invoice, and receiving payment later. This process is why an accounts receivable (AR) ledger is your best friend. You may have made a sale, but the transaction isn’t complete until the money is in your bank account.

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Account Receivables Accounts Receivable Accounts Receivable AR 52

Gaviti

FEBRUARY 6, 2023

And with the proliferation of AI and machine learning tools in the digital landscape, 2023 is the perfect time for accounts receivable (AR) teams to examine their processes and find areas for improvement through better technologies, tactics, and process management. Accounts receivable is no exception.

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Accounts Receivable Accounts Receivable Account Receivables AR 52

Gaviti

NOVEMBER 27, 2023

Disputes within account receivables can lead to delayed payments, strained customer relationships and unforeseen cash flow problems. Here are the usual steps: Receiving the dispute: The accounts receivable team identifies a customer’s invoice or payment discrepancy and is given to an A/R analyst.

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Accounts Receivable Account Receivables Accounts Receivable Collections 52

Accounting Tools

MARCH 24, 2023

Related Courses Bookkeeping Guidebook Credit and Collection Guidebook How to Audit Receivables What is the Accounts Receivable Ledger? The accounts receivable ledger is a subledger in which is recorded all credit sales made by a business.

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Accounts Receivable Account Receivables Accounts Receivable General Ledger 40

Accounting Tools

JANUARY 26, 2025

For example, managers could have created false sales , which require that corresponding accounts receivable also be stated on the books. A big bath can be employed to write off these receivables. A big bath may also be taken when a management team wants to write off assets that have over-inflated or fraudulent values.

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Financial Statements Accounts Receivable Account Receivables Accounts Receivable 75

Gaviti

NOVEMBER 16, 2023

It might seem like a silly question to ask in a blog dedicated to topics about accounts receivables, but there actually is no standard consensus on exactly when an account is categorized as delinquent. Want to see if Gaviti can reduce the number of overdue invoices in accounts receivable and significantly improve your cash flow?

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accounting 52

SAP Accounts Payable

DECEMBER 31, 2022

It’s time to present the next Remote Function Adapters (RFA) delivered by SAP Profitability and Performance Management (PaPM), namely the RFA Finance Accounts Payable (RFA FI-AP) and RFA Finance Accounts Receivable (RFA FI-AR). Configuration of RFA Finance Accounts Payable and RFA Finance Account Receivable.

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Accounts Payable Accounts Payable Invoicing AR 103

Gaviti

MAY 8, 2025

Real-Time Processing With AI, transactions are processed in real time, which accelerates the accounts receivable (AR) cycle and supports timely financial reporting. Accurate cash application results in cleaner financial books and fewer disputes with customers. This reduces the backlog of unapplied cash.

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AR Data Entry Invoicing Accounts Receivable 86

AvidXchange

MAY 9, 2023

She can match her books to the supplier portal to ensure invoices are paid in full and on time. Now, Doron Contracting’s books are balanced thanks to the comprehensive payment information provided in the supplier portal. Doron also checks the portal to assist with invoice reconciliation. It really does help you. I’m very, very happy.”

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Reconciling 52

Nanonets

APRIL 12, 2024

Bank Reconciliation Vs. Book Reconciliation In accounting and financial management, we encounter the terms "Book Reconciliation" and " Bank Reconciliation " These terms are often used interchangeably, leading to ambiguity regarding their meanings. What Is Book Reconciliation? What Is Bank Reconciliation?

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Bank Reconciliation General Ledger Reconciling Deposits 52

Billing Platform

FEBRUARY 17, 2025

For businesses operating in dynamic industries, understanding the concept is essential for aligning with Generally Accepted Accounting Principles (GAAP) and maintaining transparency with stakeholders. Revenue accrual is a key principle in accounting that ensures revenue is recognized when earned , not necessarily when cash is received.

Accruals 92

Accruals Accounts Receivable Accounts Receivable Account Receivables 92

Accounting Tools

OCTOBER 22, 2024

Or, if they contain relatively minor balances, they may be aggregated with their paired accounts and presented as a single line item in the balance sheet. In either case, the net amount of the pair of accounts is referred to as the book value of the asset account in question.

Accounts Receivable 97

Accounts Receivable Account Receivables Accounts Receivable Bookkeeping 97

Intuit

JUNE 5, 2025

The Institute of Finance & Management (IOFM) Conference & Expo is a go-to for accounts payable (AP), accounts receivable (AR), and procure-to-pay (P2P) professionals. Both the spring and fall conferences deliver a mix of interactive sessions, expert-led workshops, and extensive networking opportunities.

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Accounting Accounting Tax AR 130

Jetpack Workflow

JUNE 19, 2025

Services included This should detail all services included in the accounting or bookkeeping engagement. Though an accountant cannot avoid liability for negligent work, this language can help if the contract ends under less than ideal circumstances. Processing accounts receivable including sending out invoices and statements as needed.

Bookkeeping 52

Bookkeeping Accounting Bookkeeping Services Accounting 52

Gaviti

JUNE 11, 2025

Customization for Recurring Payments The use of ACH pre-authorized credit allows businesses to collect payments automatically, improving accounts receivable performance. This allows your finance team to close the books faster and with greater accuracy.

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AR Accounts Receivable Accounts Receivable Account Receivables 52

Remote Quality Bookkeeping

MAY 15, 2025

DIY Bookkeeping Without Proper Training Trying to manage your books without understanding basic accounting principles can be more damaging than neglecting them altogether. Failing to Reconcile Bank and Credit Card Statements Reconciliation isnt just a formalityits how you ensure your books reflect your businesss reality.

Small Business Bookkeeping 52

Small Business Bookkeeping Business Bookkeeping Bookkeeping Outsourced Bookkeeping 52

Gaviti

DECEMBER 18, 2022

So, how can account receivable collections and automation help them achieve this? It often consists of cash on hand, accounts receivable, and inventory. How Accounts Receivable Data Can Improve Working Capital. Monitor Accounts Receivable Aging. What Is Working Capital?

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Collections Accounts Receivable Account Receivables Accounts Receivable 98

Remote Quality Bookkeeping

APRIL 14, 2025

Paying Bills and Managing Accounts Payable: Keeping up with due dates and ensuring vendors and suppliers are paid promptly to maintain strong business relationships. Monitoring Accounts Receivable: Tracking outstanding customer payments and following up to collect overdue invoices. Timely collections improve your cash flow.

Bookkeeping 52

Bookkeeping Small Business Bookkeeping General Ledger Accruals 52

Gaviti

JANUARY 10, 2023

These professionals might choose to read books, listen to podcasts, network with other CFOs, and attend workshops that address the core competencies they want to build. Accounts payable aging. Current accounts receivable. Current accounts payable. Focus on Accounts Receivables. Days sales outstanding.

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Budgeting Accounts Receivable Account Receivables Accounts Receivable 98

Gaviti

JANUARY 8, 2023

In accounts receivables, it most commonly manifests as account prioritization. This refers to organizing and categorizing customer accounts according to their creditworthiness and likelihood of payment. Accounts Receivable teams can use prioritization strategies to increase the efficiency of their collections process.

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Collections Accounts Receivable Account Receivables Accounts Receivable 98

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. Book your demo to get started.

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Accounts Receivable Account Receivables Accounts Receivable Invoicing 98

Analytix Finance & Accounting

MAY 7, 2025

What is an Accounting Method? An accounting method is your business’s system for tracking revenue and expenses. It determines WHEN you recognize income and expenses on your books a seemingly small detail that creates massive ripple effects across your financial statements, tax returns, and business decisions.

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Accruals Accounting Accounting Tax 52