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Everything You Need to Know About an Audit Trail

Nanonets

If not, it may be time to rework your current accounting policies to implement audit trails. Despite what many business owners believe, audit trails aren’t reserved only for companies that receive an audit. Audit trails can prevent fraud, aid in disaster recovery, and ensure compliance with regulatory agencies.

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Understanding Accounts Receivable (AR) for businesses with examples

Nanonets

Accounts receivable can be used to offset income taxes owed, which can reduce a company's tax liability. Accounts receivable can also be used as a source of cash in the event of an emergency. If a company needs to raise cash quickly, it can do so by selling its accounts receivable to a third party.

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The next frontier in accounting: Autonomous AI agents

Accounting Today

EDT 4 Min Read Facebook Twitter LinkedIn Email AI agents are rightly tipped as the next big stage in artificial intelligence, set to transform several industries, especially accounting. Beyond invoice handling, AI agents can significantly ease tasks such as account reconciliations, audit preparation, fraud detection and cash flow forecasting.