LedgerDocs

JULY 6, 2023

But collecting and organizing these documents can be a daunting task. The post Bookkeeping Document Checklist: Collect and Organize Your Financial Documents appeared first on LedgerDocs. It also provides your bookkeeper with all of the information they require to effectively manage your finances.

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Collections Bookkeeping Petty cash Purchase Order 98

Accounting Today

JUNE 12, 2025

He failed to collect, account for and pay over payroll taxes to the IRS on behalf of each of these companies from 2014 to 2022, a total of at least $3.5 Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here. million payroll tax scheme.

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Tax Auditing Corporation Tax Accounting Software 213

Accounting Today

JUNE 19, 2025

In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. Mellinger and a co-conspirator, who was a relative, collectively earned approximately $3 million in fees from the scheme. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here.

Tax 147

Tax Deposits Corporation Tax Auditing 147

Xero

JUNE 25, 2025

Over the coming months, we’ll collect feedback from our beta users to refine the experience. We’re updating all our education materials, including YouTube videos and Xero Central articles. Once testing is complete, the new experience will gradually roll out to all of you.

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Accounting Today

JUNE 25, 2025

and combine Xeros accounting capabilities with Melios accounts payable and receivable solutions to create comprehensive product offerings for our collective, valued customer base." Chris Gaetano Technology Editor, Accounting Today linkedin For reprint and licensing requests for this article, click here.

XERO 147

XERO Corporation Tax Auditing Accounts Payable 147

Gaviti

OCTOBER 30, 2023

In this article, we explore the advantages of autonomous finance, especially as it relates to accounts receivable, and at what point your company should consider employing them, so you can decide if it’s a worthwhile investment for your business. What are the Benefits of Autonomous Finance in A/R Collections?

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Collections Invoicing Bank Reconciliation Accounts Receivable 75

Trade Credit & Liquidity Management

JUNE 23, 2025

Yet in many organizations, AR collections remain reactive, fragmented, or overly dependent on customer goodwill. And although your sales team may be focused on revenue, it's your collections team that determines when, or if, that revenue turns into usable cash. 🔐 Tip: Use credit tools (e.g.,

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AR AR Collections Collections Invoicing 52

Xero

AUGUST 22, 2023

Businesses can choose to include future invoice and bill payments, collectively or individually, within their cash flow forecast. Collectively, our products are already saving customers a huge amount of time each year. Experimenting with generative AI to improve customer support AI already powers a range of products across Xero.

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FinOps Foundation

DECEMBER 11, 2024

This article outlines our experience building the FOCUS Sandbox with real FOCUS datasets, and provides some key tips and links to get you started on your own FOCUS journey. We collected and anonymized real FinOps data for AWS, GCP, and OCI. Sample Microsoft data was obtained from their FinOps toolkit and merged with real data.

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Counto

DECEMBER 15, 2024

Collect Relevant Information ChatGPT can gather financial reports, previous meeting notes, and other necessary documents, ensuring participants are prepared. Example : Before a tax filing meeting, ChatGPT can collect and summarise previous filings and current tax information. No more scrambling for documents last minute!

Budgeting 52

Budgeting Collections Financial Statements Expense Reports 52

Accounting Today

JUNE 26, 2025

From the second quarter of 2017 through the fourth quarter of 2020, he collected but did not pay over or report similar taxes to the IRS. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here. They instead spent the money on country club memberships and season tickets to the San Jose Sharks.

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Tax CPA Corporation Tax Auditing 165

Gaviti

APRIL 22, 2025

This article talks about the significance of SMART goals in A/R, outlines the top A/R objectives for 2025, explores essential technologies driving business accounts receivable transformation, and examines how automation is reshaping A/R teams. Data-Driven Decision Making: Utilizing insights to inform credit policies and collection strategies.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable Collections 52

oAppsNet

MAY 14, 2024

Streamlining accounts receivable collections is a strategic imperative for businesses to enhance their cash flow and operational efficiency. Efficient collection processes improve a company’s financial health and strengthen customer relationships by ensuring transparency and consistency.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable Collections 52

Xero

APRIL 26, 2023

Wellbeing gets a lot of attention, with no shortage of articles and reports telling us how we should be better balancing our lives. That’s what we set out to find out in our new report released today: The global state of small business owner wellbeing. Specialists in this area have also improved how to measure wellbeing.

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Trade Credit & Liquidity Management

JUNE 11, 2025

Understanding Reconciliation: Not About Payoff, But About Proportionality Unlike amortizing loans, MCA contracts structure repayment as a variable share of a business’s receivables — typically 10% to 15% of daily or weekly revenues — until the full “purchased amount” is collected.

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Collections Reconciling Tax Accounting 52

Trade Credit & Liquidity Management

APRIL 16, 2025

The sales team, traditionally seen as the main revenue generators, relationship builders, and market expansion specialists in typical business operations, also plays a crucial role in debt collection. The process of proactive debt collection enables sales professionals to identify warning signs in their customer accounts.

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Collections Customer Service Billing Budgeting 52

oAppsNet

NOVEMBER 1, 2024

This article will explore the essential standards your AR team should embrace to streamline workflows, improve customer relationships, and optimize cash flow. Metrics like Days Sales Outstanding (DSO), average collection period, and the percentage of overdue invoices should be consistently monitored to evaluate the health of your AR process.

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AR Invoicing Collections Account Receivables 52

Xero

SEPTEMBER 1, 2022

Updates include a refreshed design, links to Xero Central articles throughout the employee set-up experience, updated content and labels, as well as new set-up completion notifications, so you know when you’re ready to include employees in a pay run. Use GoCardless Instant Bank Pay to collect one-off payments — UK.

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XERO Payroll Data Entry Tax 264

Trade Credit & Liquidity Management

APRIL 2, 2025

(Photo by Melinda Gimpel on Unsplash ) There is an efficient, inexpensive, and out-of-court option available for resolving and relaunching an insolvent business operation under Article 9 of the Uniform Commercial Code. In an Article 9 scenario, what's good for the lender is good for everyone involved.

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Collections 40

Gaviti

JUNE 30, 2025

This article breaks down why cash flow management strategies matter, which techniques are most effective, and how forward-thinking CFOs are securing their companies’ financial futures with smart planning, and the right tools. Learn how growing businesses like yours streamline collections and reduce DSO with Gaviti’s A/R automation platform.

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Collections Accounts Receivable Account Receivables Accounts Receivable 52

FinOps in Practice

NOVEMBER 15, 2023

In this article, we describe the block of the scheme, devoted to serving and monitoring machine learning models. You might be also interested in our article ‘Key MLOps processes (part 3): Automated machine learning workflow’ → [link]. Please, find the whole scheme, which describes key MLOps processes here.

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Gaviti

JANUARY 20, 2025

This article dives into the intricacies of the matching principle and explores best practices for integrating it with A/R automation tools for optimal financial accuracy. Integrated workflows: Integrated workflows connect the entire revenue processfrom sales order creation to invoice generation, payment collection, and reconciliation.

AR 52

AR Invoicing Financial Statements Collections 52

Intuit

OCTOBER 23, 2024

In this article, we’ll explain how to increase your credit score and keep it high. Take care of any collections debt If you don’t pay your bills on time, they can get sent to collections. When a bill goes to collections, the collection agency will contact you directly for payment. But what is a good credit score?

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Collections Billing Deposits Budgeting 130

Compleatable

JUNE 9, 2025

The Budget Forecast Return (BFR) is a statutory requirement for academy trusts, collecting information on actual and forecasted income, expenditure, and balance positions. Discover how this can shape your BFR in our article: What is GAG Pooling for MATs? What Is the BFR?

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Budgeting Data Entry Collections Accounting 100

Gaviti

JANUARY 26, 2025

A robust customer payment portal streamlines collections, simplifies the act of transferring payments, and eliminates many of the manual tasks that can bog down a companys operations. As you grow, managing invoices, histories, collections, and customer communication in general becomes increasingly unsustainable.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable Collections 52

Accounting Today

JUNE 9, 2025

Nishaad Ruparel President, Ascend For reprint and licensing requests for this article, click here. I have likewise sat in conferences where industry thought leaders proclaim private equity as "the best thing that could happen to young people;" from eyeballing it, the median age in those rooms approached 60!

Accounting 130

Accounting Accounting CPA Corporation Tax 130

Counto

JANUARY 9, 2025

These returns provide the IRAS with details of the GST you have collected and paid, and they ensure that you remain compliant with Singapores tax laws. Pay GST Due : Based on your GST returns , you will either owe GST to the IRAS or receive a refund, depending on the difference between the GST collected and the GST paid on expenses.

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Collections Tax Corporation Tax Financial Statements 52

Gaviti

FEBRUARY 2, 2025

In this article, we attempt to explain the connection between the operating cycle and A/R, identifying bottlenecks, and implementing strategies to improve efficiency, you can achieve faster cash flow and enhanced financial performance. DSO represents the average time taken to collect payments after a sale.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable AR 52

oAppsNet

JANUARY 2, 2025

This article explores the importance of automating the I2C process, its benefits, and best practices for implementation. Collections Management : Following up on overdue invoices and resolving disputes to ensure timely payments. Cash Application : Matching received payments with corresponding invoices in the accounting system.

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Invoicing Collections Invoice Processing Reconciling 40

Counto

JANUARY 9, 2025

Input Tax Credits : When you’re GST -registered, you can recover the GST you pay on imported digital services by offsetting it against the GST you collect from your customers. If youre GST -registered, youll need to file regular returns and pay the GST you collect, while also claiming back any eligible input tax credits.

Tax 52

Tax Collections Budgeting Record Keeping 52

Counto

DECEMBER 20, 2024

Best Practices for Protecting NRIC Information: Limit Collection : Only collect NRIC information for legitimate business purposes, such as company registration or employee verification. Store Securely : Ensure both physical and digital copies of NRIC details are stored securely to prevent unauthorised access.

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Collections Tax Payroll Financial Services 52

Gaviti

MARCH 5, 2025

This article examines the rising threat of fraudulent activities targeting accounts receivable, the necessity of a robust fraud prevention strategy, common fraud schemes that businesses must be aware of, and actionable steps on how to prevent accounts receivable fraud in 2025.

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Account Receivables Accounts Receivable Accounts Receivable Accounting 80

Counto

MARCH 24, 2025

GST Summary If youre GST-registered in Singapore, a dashboard can show GST collected, paid, and net liability helpful for preparing accurate filings. For example: revenue targets, expense limits, or receivables collection. Supports Goal Tracking Set KPIs (Key Performance Indicators) and use dashboards to monitor progress.

Accounting 52

Accounting Accounting Collections Bookkeeping 52

Trade Credit & Liquidity Management

JUNE 30, 2025

If you are collecting a debt, there are always other options, such as placing the account with a collection agency or forcing them into bankruptcy, if your adversary is uncooperative Please help us grow the Trade Credit & Liquidity Management community by sharing this Article. Share Bottom Line.

Collections 52

Collections Accounting Accounting 52

Counto

FEBRUARY 10, 2025

However, businesses may offer gratuity payments based on contractual agreements, collective agreements, or company policies. Contractual and Voluntary Gratuity Payments Some employers include gratuity as part of employment contracts or collective agreements, making it an enforceable benefit. Ready to get started?

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Payroll Deposits Collections Computation 52

Accounting Tools

JUNE 15, 2023

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is a Dunning Letter? The credit department staff may periodically change the timing or content of these automatically-generated letters, if they feel that some variation will improve the rate of collection.

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Collections Invoicing Accounts Receivable Account Receivables 75

Accounting Tools

NOVEMBER 7, 2023

Related Courses Credit and Collection Guidebook Effective Collections The Interpretation of Financial Statements What is the Altman Z Score? Related Articles Bad Debt Forecast Collection Dispute Cycle Time Collection Effectiveness Index Debtor Days Calculation

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Collections Financial Statements Tax 75