Jetpack Workflow

DECEMBER 4, 2024

Put it into practice: Adopt AI-powered accounting or bookkeeping software that empowers non-tax and accounting employees to produce “ready-to-review” work for CPAs and senior accountants.

General Ledger

Nanonets

DECEMBER 29, 2023

For example, accounts payable department employees need to visually determine that invoices are correct through manual verification processes and obtain approvals.  Nanonets matches invoices with supporting documents, including purchase orders (POs) and goods receipts when applicable. 

Accounts Payable

Nanonets

JULY 21, 2023

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures.

General Ledger

Nanonets

JANUARY 17, 2024

How to automate Reconciliation processes with Reconciliation Software? What is Accounts Reconciliation, and how to automate it? Everything You Need to Know About an Audit Trail Credit Card Reconciliation: What It is and How to Do It? What is Payroll Accounting & How to automate it?

Expense Reports

Nanonets

JUNE 26, 2024

How to perform a Bank Reconciliation? Here are the steps involved in performing bank reconciliation. Step #1 Collect your bank statement for the current period and compare it to your bookkeeping records or your company's cash account records from the accounting system.

Bank Reconciliation

Nanonets

APRIL 30, 2023

The payroll liability account will include every expense associated with the payroll, including employer taxes and garnishments. Is payroll bookkeeping or accounting? Payroll is considered bookkeeping. Bookkeeping, accounting, and payroll are intertwined in the job duties. What is double entry for payroll?

Payroll

Nanonets

MAY 8, 2023

The audit trail for a laptop purchase would include the following steps: The hiring manager requests a laptop purchase from the finance department. The finance department submits the purchase order to the laptop company and records the cost, shipping time, product purchased, location, and date purchased.

Auditing