Nanonets

DECEMBER 26, 2024

Automation has revolutionized the way finance teams operate, with accounts payable (AP) automation being the go-to first step for businesses looking to improve efficiency and cut costs. Automating invoice approvals to streamline workflows. The Rise of AP Automation AP automation has transformed how businesses handle outgoing payments.

AP

Gaviti

DECEMBER 18, 2024

The financial industry is experiencing a technological transformation that is reshaping accounts receivable management. These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for businesses.

Accounts Receivable

AvidXchange

DECEMBER 3, 2024

Ghost cards are usually tied to a specific bank account and can be used for online or recurring transactions. Businesses often use these cards to handle specific types of payments, such as supplier invoices, subscriptions, or employee purchases. The term “ghost” refers to the fact that these are not typical tangible credit cards.

Reconciling

Accounting Today

JULY 18, 2025

Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. Users can accept contactless cards and digital wallets; and automatically reconcile payments in Sage Accounting. All rights reserved.

Corporation Tax

Nanonets

NOVEMBER 5, 2024

DocuClipper is an OCR-powered financial document processing tool that converts bank statements, credit card statements, invoices, receipts, and brokerage statements into Excel, CSV, or accounting software-ready formats. AutoEntry Automated data entry for accounting No Yes Ease of use, accounting integration SMBs, accounting firms 3.8

Data Entry

Analytix Finance & Accounting

MAY 7, 2025

The difference often comes down to one unsexy but critical decision: their accounting method. Your accounting method isn’t just some administrative choice, it’s the foundation of your financial decision-making system. Step-by-step decision framework to choose your perfect accounting approach. Think about it.

Accruals

Counto

FEBRUARY 22, 2025

Multi-Channel Sales Accounting: How to Track Revenue Across Multiple Platforms Expanding your business across multiple sales channels can boost revenue, but it also brings accounting challenges. Set Up a Centralised Accounting System Using a cloud-based accounting system helps consolidate all sales data in one place.

Reconciling

CapActix

MARCH 12, 2025

With continuous cash flow activity, various payment channels, and expenses from all directions, using reliable accounting services for ecommerce business has become as essential as marketing and customer support activities and investment. Also Read: 6 Reasons why cloud accounting is good for your business and how it helps you grow 2.

Accounting

Gaviti

DECEMBER 5, 2024

Many businesses can significantly improve their cash flow by implementing more effective strategies for collections, including adopting more strategic approaches to accelerate B2B payment of invoices. Some businesses wait until close to the due date to send invoices and some even wait until the invoices are actually due!

Collections

oAppsNet

OCTOBER 29, 2024

Many companies struggle to reconcile incoming payments, match them to the correct customer accounts, and ensure everything is accounted for in real-time. Cash application is the process of matching incoming payments to the correct customer accounts and invoices. The result? But here’s how to fix it.

Data Entry

Gaviti

NOVEMBER 24, 2024

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. That means your accounts receivable team will want to do everything in its power to increase cash flow and reduce your DSO. Make it easy for customers to pay invoices.

Collections

Jetpack Workflow

DECEMBER 4, 2024

There are two main schools of thought regarding artificial intelligence (AI) among accountants: those who believe AI might replace their jobs and others who are excited about how much more productive and effective it can help their firm become.

General Ledger

Counto

DECEMBER 16, 2024

Whether youre handling accounting services , managing your team, or overseeing operations, time is always of the essence. How it helps: Helps prioritise accounting and financial tasks based on urgency and importance, such as tax filing dates or financial reporting deadlines. At Counto, we prioritise your bottom line.

Financial Reporting

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

Gaviti

JULY 27, 2025

Short payments, where a customer pays less than the stated invoiced amount, can disrupt your cash flow, cause reconciliation headaches, and strain business relationships. Short payments, also known as short pays, occur when a customer remits less than the invoiced amount.

Invoicing

AvidXchange

NOVEMBER 15, 2024

Our B2B Payment Security study with the Institute of Finance & Management (IOFM), found that checks account for the largest share of financial loss due to fraud, ranging from less than $50,000 to more than $1 million. Cost-Savings According to Mastercard , ePayments via v irtual cards can drive cost savings of $0.50

Deposits

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. Technology has made it easier to track, categorize, and reconcile financial activity with far less effortand far fewer errors.

Small Business Bookkeeping

Nanonets

MAY 28, 2025

Accounting work has always been tedious. We are forced to manually enter data, reconcile transactions, and sift through files trying to locate financial information we need.  Xero, one of the leading cloud accounting platforms, has integrated AI features that are streamlining these daily tasks. Let's break them down.

XERO

AvidXchange

NOVEMBER 13, 2024

Managing ad budgets can be difficult for agencies due to the complexity and variability of campaigns across different client accounts. Spend management software can help agencies more effectively track, control, and optimize their ad budgets across multiple clients, projects, and campaigns.

Budgeting

Gaviti

FEBRUARY 2, 2025

Understanding and improving the processes that influence your business operating cycleespecially accounts receivable (AR) managementcan significantly enhance financial performance. Understanding the operating cycle accounting principles behind this calculation can help identify inefficiencies and areas for improvement.

Accounts Receivable

Gaviti

JANUARY 20, 2025

In todays fast-paced business environment, achieving financial accuracy is critical for maintaining stakeholder trust and ensuring compliance with accounting standards. One cornerstone of accurate financial reporting is the matching principle in accounting, a concept that ensures revenues and expenses are recorded in the same period.

AR

Remote Quality Bookkeeping

APRIL 14, 2025

It involves tracking every dollar that goes in and out of your accounts, ensuring your financial records are accurate and up to date. While bookkeeping and accounting are often used interchangeably, they are different. Bookkeeping focuses on recording financial data , while accounting involves interpreting and analyzing that data.

Bookkeeping

oAppsNet

NOVEMBER 7, 2024

Accounts Payable (AP) fraud can sneak into your business like a thief in the night. Duplicate Payments or Invoices Duplicate invoices are one of the most common red flags for AP fraud. Fraudsters often exploit this by submitting a fake invoice that mirrors a legitimate one or re-submitting the same invoice more than once.

Accounts Payable

Counto

DECEMBER 7, 2024

Example: John, a bakery owner in Singapore, only looks at his financials when his accountant sends them for tax season. Our expert accountants deliver comprehensive servicesfrom bookkeeping to tax filingat transparent rates. Explore our all-in accounting plans and keep more of what you earn.

Financial Statements

Nanonets

NOVEMBER 11, 2024

Whereas on the accounting side, NetSuite centralizes financial and operational data - enabling more accurate forecasting, cost control, and resource allocation. Billing and Revenue Recognition : The finalized order in NetSuite generates an invoice, updates revenue records, and initiates billing for the customer.

Data Entry

AvidXchange

DECEMBER 20, 2024

Creating 1099 reporting is one task that can take less time with accounts payable (AP) automation. Time Savings and Efficiency Automating manual AP tasks, such as coding invoices, matching POs, and issuing check payments , allows AP teams to focus on higher-priority tax season tasks. Tax season is a busy time for finance departments.

AP

Counto

FEBRUARY 19, 2025

Scammers are becoming more sophisticated, using phishing emails, fake invoices, and unauthorised transactions to exploit vulnerabilities in payment processes. Invoice Fraud Fraudsters create fake invoices that appear legitimate and send them to businesses for payment. Reconcile accounts promptly to identify discrepancies.

Billing

Gaviti

JUNE 11, 2025

Integration Capabilities: These methods can be integrated with accounting and ERP platforms to streamline the Automated Cash Application Process, ensuring faster recognition and allocation of incoming payments. ACH: Requires bank account details and authorization, which may be slightly more involved but offers better cost-efficiency.

AR

oAppsNet

APRIL 15, 2025

Accounts Payable (AP) departments are no strangers to complexity. Between juggling purchase orders, invoices, vendor agreements, and payment terms, its too easy for costly errors to slip through the cracks. The invoice comes in at $52 per unit, and without a line-by-line match check, the AP team processes itoverpaying by $2,000.

AP

Outsourced Bookeeping

JULY 24, 2025

Real estate accounting is not limited to balancing rent and expenses. It puts real estate accounting on autopilot without losing control. How Property Management Software Simplifies Real Estate Accounting Tasks The Real Challenge of Real Estate Accounting Every property is different. No delays in reconciling accounts.

Accounting Software

CapActix

MAY 16, 2025

The rise of AI in accounting software and the finance management industry is real. Several companies have already shifted to the best AI accounting software, and many are in the transition phase. We all know that paper logs, spreadsheets, and desktop software once defined business accounting. Outsourced accounting is common.

Accounting Software

Remote Quality Bookkeeping

JULY 15, 2025

Warning Signs: Altered Invoices or Duplicate Payments Fraud can appear in financial documents that seem off at first glance. Altered invoices, duplicate payments, or unusual entries often signal deeper problems. Check vendor details, confirm payment history, and reconcile all accounts carefully.

Financial Records

Gaviti

JANUARY 26, 2025

These platforms are no longer a luxury but a necessity, providing businesses with an efficient way to handle their accounts receivable processes. As you grow, managing invoices, histories, collections, and customer communication in general becomes increasingly unsustainable. Schedule a demo to learn more.

Accounts Receivable

Outsourced Bookeeping

JULY 8, 2025

When you are on spreadsheets or general accounting software, the numbers will eventually slip. You can generate reports by property, set up class tracking, automate rent reminders, and reconcile transactions quickly. Every dollar that comes in or goes out is accounted for. QuickBooks comes in there.

QuickBooks

Remote Quality Bookkeeping

JUNE 15, 2025

When cash coming in isn’t enough to cover payroll, rent, loan payments, or supplier invoices, it points to deeper operational or revenue issues. Ignoring discrepancies, failing to reconcile accounts, or simply not reviewing reports regularly can hide mounting liabilities or unpaid obligations.

Bookkeeping

Outsourced Bookeeping

AUGUST 5, 2025

Managing real estate accounting comes with its share of complications. This is where Yardi accounting software makes a clear difference. Let’s look at why Yardi for accounting is a smart move for U.S. Yardi accounting software is part of the larger Yardi property management software ecosystem. It’s not just a tool.

Bank Reconciliation

NextProcess

JUNE 20, 2025

Tasks like generating purchase orders, reconciling invoices, and processing expense approvals become much faster and more efficient after automation. That means the cost per PO, invoice, or expense goes down dramatically. In Accounts Payable, you’ll be able to avoid late fees by always paying on time.

Purchase Order