AvidXchange

JANUARY 16, 2024

Artificial Intelligence (AI) is revolutionizing the construction industry, bringing positive impacts to areas like administration, logistics and project management to name a few. Project Management AI can help keep projects on track by optimizing scheduling and using data to allocate resources effectively.

AP 52

AP Invoice Processing Invoicing Accounts Payable 52

Invoicera

MARCH 22, 2024

Introduction You might be overwhelmed by a lot of paperwork and hours spent on manual invoicing! Bringing automated invoicing into your business can be really helpful and increase your productivity. You will also be introduced to a few real-world examples of companies that have transformed the invoicing process with Invoicera.

Billing 52

Billing Invoicing Invoice Processing QuickBooks 52

Invoicera

MARCH 29, 2024

Introduction Small businesses offering professional services must invoice their clients frequently to get paid faster. 61% of invoice late payments are the result of incorrect invoicing. Source: Amalto A service invoice must include all the necessary details to make a self-explanatory invoice. Did you know?

Invoicing 52

Invoicing Billing Record Keeping Tax 52

Invoicera

DECEMBER 31, 2023

Introduction The demand for precision, speed, and efficiency in financial management is more critical than ever. This is where accounting automation comes into the picture. Accounting automation tools have made a significant place in today’s digital world. Why Need Accounting Automation? Let’s get started!

Data Entry 59

Data Entry Purchase Order Accounting Accounting 59

Invoicera

DECEMBER 12, 2023

Introduction Choosing the right accounting software is a cornerstone for business success. But, a myriad of options available can make this a daunting task for entrepreneurs and financial managers. Recurring Billing Bid farewell to the hassle of repetitive invoicing tasks with Invoicera’s automated recurring billing feature.

QuickBooks 59

QuickBooks Invoicing Payroll Billing 59

MineralTree

JUNE 15, 2023

As a business grows and expands, its financial management needs often grow increasingly complex. Enterprise resource planning (ERP) systems like NetSuite can help organizations manage these obligations, while also facilitating collaboration. What is NetSuite? As an ERP tool, Netsuite’s goal is to support the entire business.

AP 75

AP Accounts Payable Accounts Payable Invoicing 75

Nanonets

NOVEMBER 15, 2023

Switching to paperless  accounts payable  is intimidating. For large enterprises, the main issue is that most invoices arrive in paper form, with 60% experiencing this difficulty. Based on the numbers, it is evident that a transition to a paperless accounts payable system is necessary. The cherry on top?

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Invoicera

FEBRUARY 27, 2024

Summary Online invoicing platforms are playing a crucial role in shaping financial management this year. Introduction Are you tired of spending endless hours dealing with stacks of paper invoices and chasing payments? Nowadays, online invoicing software has become increasingly popular for various reasons.

Invoicing 52

Invoicing Billing Invoice Processing XERO 52

Nanonets

FEBRUARY 28, 2024

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. We'll unravel the Chart of Accounts, the backbone of the GL, detailing how transactions are organized and recorded. What is a General Ledger?

General Ledger 52

General Ledger Data Entry Invoicing Accounts Payable 52

Invoicera

FEBRUARY 20, 2024

This blog post will discuss: What Is Profit Planning? How many projects do I need to complete? Introduction Sometimes, you want your company to make a certain amount of money. To do this, you plan actions to reach that goal. This is called profit planning. It is beneficial, especially for architecture and engineering companies.

Budgeting 52

Budgeting AR / AP Invoicing AR 52

Future Firm

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

Data Entry 96

Data Entry Accounting Accounting Invoice Processing 96

AvidXchange

OCTOBER 19, 2021

Success can be tricky to define, especially in financial functions including accounts payable (AP) departments. Accounts payable success is largely tied to hard numbers — invoices processed per month, cost per invoice, outstanding payments, turnover ratio, etc. But true success goes beyond the metrics.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Nanonets

SEPTEMBER 29, 2023

According to the American Productivity and Quality Center (APQC), the world’s top performing organizations receive an invoice and schedule payment in 2.8 This in turn reflects not just a company’s process excellence and collaboration, but also its cash flow management and financial health. days or faster.

Financial Operations 52

Financial Operations Financial Operations Data Entry Invoicing 52

AvidXchange

SEPTEMBER 28, 2022

Companies that pay suppliers abroad can leverage accounts payable (AP) automation to complete both domestic and cross-border payments in one place, decreasing the time and money spent on payment processing. Benefits of using AP automation to manage cross-border payments 1. What are cross-border payments?

AP 52

AP Purchase Order Reconciling Accounts Payable 52

Nanonets

MARCH 4, 2024

However, managing this process is fraught with challenges. The landscape of expense reimbursement is intricate, blending financial management with the delicate dynamics of employee satisfaction and organizational trust. fostering a culture that values transparency, accountability, and continuous improvement.

Expense Reports 52

Expense Reports Record Keeping Budgeting Data Entry 52

AvidXchange

OCTOBER 12, 2021

Automating your accounts payable (AP) processes can have a big impact on your bottom line. While the costs can vary, Goldman Sachs estimates total costs (processing and labor costs) for AP staff involved in manually processing a single invoice equaled $16.00 per invoice. to process one invoice. The good news?

AP 52

AP Invoicing Invoice Processing Accounts Payable 52

Future Firm

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. In this guide, you’ll learn: How to set up a strategic business plan.

Bookkeeping 98

Bookkeeping Bookkeeping Services XERO QuickBooks 98

Nanonets

FEBRUARY 13, 2024

This guide seeks to demystify the enigma of creating and implementing a business expense policy that doesn’t just sit pretty in a company handbook but actually works. A well-crafted expense policy is like a trusty guide for your employees, helping them navigate through their spending decisions. Welcome to Expense Policy 101!

Expense Reports 52

Expense Reports Record Keeping Budgeting Invoicing 52

AvidXchange

JULY 29, 2021

There are several misconceptions about robotic process automation (RPA), how it works and why it’s important in the context of accounts payable (AP) automation. This workforce should be assessed based on, for example, how many invoices it can process in one day and how much time and money that saves your business.

AP 40

AP Accounts Payable Accounts Payable Invoice Processing 40

Invoicera

NOVEMBER 13, 2023

Whether you are an experienced entrepreneur improving your strategies or a beginner who wants a successful business journey, this blog post is your guide to growth. A strong business strategy is like the game of chess, where KPIs make every move easy. No doubt, in this competitive world, standing out is difficult.

Microsoft Excel 59

Microsoft Excel Accounting Software Financial Reporting AR 59

AvidXchange

FEBRUARY 7, 2022

Here’s a look at the state of AP in construction and five construction industry trends predicted to shape its future in 2022 and beyond: CLICK HERE TO DOWNLOAD THE INFOGRAPHIC This handy guide outlines the five trends expected to impact the way construction companies manage their invoices and payments in 2022 and beyond.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

Future Firm

APRIL 10, 2022

In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. This guide will cover trends that are happening at this very moment and specific strategies that you can use right now to better prepare you and your firm for the future.

Accounting 111

Accounting Accounting Bookkeeping XERO 111

AvidXchange

FEBRUARY 11, 2022

Banks’ accounts payable (AP) departments are starting to look a lot different. We’re taking a look at the current state of AP in banks and how key financial services industry trends are predicted to impact the way they manage their invoicing and payments to better serve their business in 2022 and beyond. A lot of work.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

MineralTree

DECEMBER 29, 2022

In this blog, we explore the key issues and trends that CFOs must tackle, and offer practical advice on how to prepare for these challenges in order to capitalize on the opportunities of financial digital transformation. The world continues to digitize at an accelerating pace, pressuring finance departments to follow suit.

AP 52

AP Accruals Financial Operations Financial Operations 52

Cloud Accounting Podcast

APRIL 28, 2021

Interested in sponsoring the Cloud Accounting Podcast? We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser.

Bookkeeping 40

Bookkeeping AR XERO Billing 40

Nanonets

DECEMBER 17, 2023

Understanding this, our objective in this blog is to provide a comprehensive guide on leveraging WhatsApp for sending messages via it's API. Understanding this, our objective in this blog is to provide a comprehensive guide on leveraging WhatsApp for sending messages via it's API.

QuickBooks 52

QuickBooks Invoicing Accounting Accounting 52

AvidXchange

APRIL 4, 2019

As a business owner, the last thing you want to do is pay a fraudulent or inaccurate invoice. Three way matching can help safeguard your accounts payable against incorrect or fraudulently submitted invoices. Table of Contents What is a 3-Way Match in Accounts Payable? How Does 3-Way Matching Work?

Accounts Payable 40

Accounts Payable Accounts Payable Purchase Order Invoicing 40

AvidXchange

FEBRUARY 20, 2018

To help alleviate the stress of the April deadline quickly approaching, we’ve compiled a guide to make filing safe and simple. To help alleviate the stress of the April deadline quickly approaching, we’ve compiled a guide to make filing safe and simple. Filing returns can come with havoc and headaches for many finance departments.

Tax 40

Tax Invoicing Accruals Computation 40

AvidXchange

JANUARY 29, 2024

Only 4% of respondents said they have no interest in using AI. Only 4% of respondents said they have no interest in using AI. Download "The Ultimate Guide to AI in Finance" How Are Finance Departments Using AI? Machine learning and deep learning absolutely thrive when you have a lot of data.

Customer Service 52

Customer Service AP Accounts Payable Accounts Payable 52

AvidXchange

APRIL 10, 2019

Tedious as it may seem, every business transaction needs to be recorded in the right account. The problem, however, is that unless you have automated accounts payable software, finding the correct account isn’t always such a simple task. Fortunately, a chart of account can help you with that.

Accounting 40

Accounting Accounting QuickBooks Petty cash 40

AvidXchange

SEPTEMBER 1, 2017

In the old world of payments, your staff likely had to deal with paper checks that tend to be cumbersome, time-consuming, and expensive to process and manage. If you log in to a website to pay from your bank account, you are already using electronic payments. An e-payment system is a computer system used to manage electronic payments.

Billing 52

Billing Deposits Invoicing Computation 52

Nanonets

FEBRUARY 26, 2024

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. We will discuss the following: What is Accounts Payable?

Accounts Payable 52

Accounts Payable Accounts Payable AP Data Entry 52

Nanonets

SEPTEMBER 12, 2023

Growing businesses often struggle to deal with sudden increases in invoices. Throw in manual invoice processing and siloed data and systems, and you've got a recipe for inefficiency and frustration.   In sharp contrast, automated invoice processing could reduce the cost to $1.42 The AP Team at Happy Jewelers.

AP 52

AP QuickBooks Invoicing Data Entry 52

Nanonets

MARCH 27, 2023

One such process is purchase order management. In this blog, we will learn everything you need to create efficient purchase order workflows. P rovide valuable insights into a company's purchasing patterns, which can be used to make informed decisions regarding vendor selection, inventory management, and budget allocation.

Purchase Order 52

Purchase Order Budgeting Invoicing Data Entry 52

Cloud Accounting Podcast

AUGUST 25, 2020

Interested in sponsoring the Cloud Accounting Podcast? DIAL (202) 695-1040 Need Accounting Conference Info? Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. For details, read the prospectus , and NOW, you can see our smiling faces on Instagram !

Accounting 40

Accounting Accounting QuickBooks Tax 40

Nanonets

JANUARY 17, 2024

Expense management , at its core, is the methodical process by which a business tracks, verifies, and processes every financial expense incurred in its operations. In essence, it's the art and science of making sure that every penny spent by your business not only counts but is accounted for. how to implement expense management?

Expense Reports 52

Expense Reports Budgeting Data Entry Auditing 52

Nanonets

JUNE 15, 2023

Document management systems have replaced rooms full of business documents. The document management software market currently stands at USD 5.5 The document management software market currently stands at USD 5.5 Let’s see how you can jump on the trend to optimize your business processes with efficient document management.

Invoicing 52

Invoicing Budgeting Purchase Order Data Entry 52