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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.

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Understanding Accounts Receivable (AR) for businesses with examples

Nanonets

Another option to access capital would be to use accounts receivable financing in another way. Some companies may choose to sell their accounts receivable to a third party at a discount. The third party then becomes responsible for collecting payment from the client. How to automate accounts receivable?

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Everything You Need to Know About an Audit Trail

Nanonets

Audit trails should include key information such as what, who, when, where, and how to document each step of a transaction or event. An audit trail is a date and time for a transaction, event, project, or entry. This information should be collected and documented chronologically to outline what transpired.

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7 Steps to Create a Company Expense Reimbursement Policy

Spenmo

Employees will occasionally spend their own money to pay for work-related expenses—office supplies, sales calls, and meals and lodging during business trips and company events, among others. Some receipts get lost or damaged Collecting and submitting several physical receipts from a business-related transaction can be challenging.