Counto

SEPTEMBER 24, 2024

Direct Bank Transfers Seamless Payments: Automated payroll systems facilitate direct deposits into employees’ bank accounts, streamlining the payment process and eliminating the need for manual cheque handling. Reduced Administrative Work: Simplifies the management of financial records. Enhanced Data Security 6.1 Learn more !

Payroll

Less Accounting

JUNE 15, 2023

In this article, we will guide you through the basics of bookkeeping for electricians. By the end of this article, you will have a solid understanding of bookkeeping best practices that will help you manage your finances with confidence. Establishing a record-keeping system for tracking income and expenses is essential.

Bookkeeping

Nanonets

MAY 21, 2024

At the core of accounts management lies account reconciliation, the process of comparing various financial documents to ensure accuracy and accountability.      In this article, we shall explore the fundamentals of accounts reconciliation , discussing its importance, processes , and best practices.  

Account Reconciliation

Nanonets

JUNE 21, 2023

This article will provide a comprehensive guide to reconciling payments, its importance, challenges faced, best practices, and the role of automation in enhancing the process. This process helps identify any missing or unmatched payments, duplicate transactions, or other errors that may impact the financial records.

Reconciling

Jetpack Workflow

MARCH 30, 2023

In this article, we’ll discuss what an accounts payable template is, the line items it should have, and alternatives to using a manual template. It helps to have several payment columns to help record different dates of payments. Balance due column : Here, you’ll see how much you have left to pay the vendor.

Accounts Payable

Nanonets

APRIL 24, 2023

 Banks use OCR for converting customer information into digital records, signature comparison, customer onboarding, etc. In the rest of the article, we will see how OCR can be used by the customer and other non-bank enterprises, especially to extract data from bank statements.

Deposits

Nanonets

SEPTEMBER 17, 2024

From forging bank statements in job and loan applications to issuing fake bank statements for visa processing and insurance claims, these fake documents seriously threaten individuals, businesses, and financial institutions.    In this article, we’ll explore the world of fake bank statements and learn how to spot them.

Reconciling

Nanonets

JUNE 17, 2023

Account reconciliation is a critical process in accounting, which ensures that financial records are accurate and consistent. This article will provide an in-depth understanding of account reconciliation, its benefits, and how businesses can leverage technology to automate the process.

Account Reconciliation

Nanonets

MAY 8, 2023

If a customer calls you and asks about their payment, can you see the date it was received and deposited? 💡 Key Takeaways Every business can benefit from implementing audit trails to ensure transparency and accuracy in financial records. Book a free call Read more Accounting Articles: What is accounts payable process?

Auditing

Nanonets

MARCH 4, 2024

The goal of an expense reimbursement process is not just to ensure that employees are compensated in a timely and fair manner but also to maintain accurate financial records and comply with tax laws and regulations. Read the article below. However, managing this process is fraught with challenges.

Expense Reports

Nanonets

SEPTEMBER 25, 2024

In this article, we’ll explore applications of AI and automation for bank statement processing. Reconciliation This step involves matching the extracted data with the company’s internal records. Traditional manual processing and reconciling, which consumes an average of 10-12 hours per week , is no longer an option.

Financial Reporting

Nanonets

JULY 21, 2023

In this article, we look at some of the leading reconciliation software or reconciliation tools and also cover how Nanonets can automate reconciliations. Reconciliation software is a specialized application that automates and streamlines the financial closing process for businesses. What is reconciliation software?

General Ledger

Cloud Accounting Podcast

AUGUST 3, 2020

David Leary: [00:10:18] There was an article about more fraud in the in the disaster loan program, not PPP program. The thing to take away from this article for me - it was in The Washington Post - was they're indicating there's widespread fraud. The article also talks about how they were overwhelmed. continue your article.

QuickBooks

Counto

APRIL 13, 2025

You still need: Monthly bank reconciliations Proper financial records for IRAS and ACRA Proof of transactions for audit trails Choose a digital bank that offers clear documentation, downloadable statements, and multi-user access, so you can stay audit-ready and compliant. Automate your financial processes with our intelligent AI.

Bank Reconciliation