Perficient - Accounts Receivable

JULY 27, 2017

Good day and welcome to my blog. Each and every company who has a customer base has a need for accounts receivable/collections personnel. For smaller companies, one person may wear many hats including the accounts receivable or collections department hat. Once issues are identified, a logical process is essential.

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Cevinio

FEBRUARY 1, 2024

What is Accounts Receivable Automation, and how can you leverage it for your business? Introduction The efficiency and accuracy of your financial processes play a pivotal role in the success of your business. One such critical aspect is managing Accounts Receivable (AR). What is Accounts Receivable Automation?

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Xero

AUGUST 29, 2023

This guest blog post was written by the team at financial management app, Expensify. Finding the right balance between automation and compliance in any business process can be challenging. For example, when it comes to managing expenses, manual expense tracking and paper-based processes can lead to errors, delays, and inefficiencies.

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Expense Reports XERO Data Entry General Ledger 216

Xero

OCTOBER 3, 2023

How to recognise new contact predictions in Xero You’re probably already familiar with our existing bank reconciliation predictions, where we display existing contact and account codes in italics. The post Our new AI-powered contact predictions have arrived appeared first on Xero Blog.

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Bank Reconciliation XERO Reconciling Accounting 271

SAP Accounts Payable

JANUARY 4, 2024

The purpose of the blog is to solve the confusing situation of the business process where goods are received (MIGO) without the invoice. Also, where invoices are issued in advance (MIRO) before the goods were received. The accounting treatment of WE is of an asset, whereas for RE is of liability. Then run F.13

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Invoicing Tax Accounting Accounting 115

Xero

NOVEMBER 13, 2023

While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK. What is eInvoicing?

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Xero

JUNE 21, 2023

You win, or you learn – that’s one of Tennick Accountants’ internal mottos, and one that encouraged the firm to put themselves in the running and enter the 2023 Xero Awards UK & Ireland. Regardless of how our application was received, it made all of the team proud just taking a step back and reflecting.”

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Xero

MARCH 13, 2024

Any employees who meet the criteria will need to be processed and reported to HMRC under the new category letters. Xero has included these new category letters for you to select and apply to eligible employees, to receive the employers NI relief available within the scheme. You can also share P60s with your employees through Xero Me.

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Xero

MARCH 13, 2024

Get on top of your outstanding payments & invoices Got any outstanding bills to pay, or money to receive? Save time on sending invoices and reminders in the new year by using an accounting software that does it for you. You can do this online, with accounting software or through your myIR account with Inland Revenue.

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Outsourced Bookeeping

MAY 14, 2024

However, in today’s world, you can hire a freelance accountant or a bookkeeper to help you focus on developing other aspects of your business. Focus on Consistency Stability is of prime importance in bookkeeping, be it with you or the business process outsourcing services you hire.

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Xero

OCTOBER 3, 2022

This is a guest blog post attributed to Jin Lee, Digital Strategy Specialist at W.L.P For example, SMEs looking for ways to improve their accounting processes can adopt cloud-based accounting tools, like Xero, for real-time visibility into their financial data. Get a quotation for Xero from your accounting partner.

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Xero

OCTOBER 9, 2022

At Xero, we are committed to helping Singapore small businesses simplify their accounting processes. And this is why we are thrilled to announce that you can now submit your GST F5 returns quickly and directly from Xero to IRAS in one click, making the filing process simpler.

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Xero

AUGUST 17, 2022

This guest blog post is written by Satya Tammareddy. Each one of these tasks can be time-consuming and labour-intensive — and even more so if your customers are among the 40% of companies in the US that still mail paper checks, further slowing down the invoicing process 1. At Stripe, we’re no stranger to these common challenges.

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Xero

NOVEMBER 21, 2022

We’re incredibly excited to share that Baker Tilly Canada has achieved Xero’s Platinum Partner status, which demonstrates the audit, tax and advisory network is helping to lead the way with the future of cloud accounting in Canada. Learn more about Baker Tilly Advantage’s next-level cloud accounting here.

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Invoicera

APRIL 28, 2024

Too many unpaid bills or Accounts Payable can weigh a company down and eat its profits. And on average, 48% of businesses make 68% fewer profits because of issues with unattended accounts payable. “ There are likely areas where you can improve your payment processes. What Are Accounts Payable? So, how to do this?

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Xero

JULY 17, 2022

It’s also a useful time to make changes or upgrades, especially to systems and processes, so things will be smooth-running well into the future. So, what processes can you make even better in FY23? However, a new government initiative can make this whole process easier: eInvoicing. Here’s a few we suggest: 1.

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Cevinio

MARCH 21, 2024

Transform your Accounts Receivable processes with the right automation solution. Learn how to choose the best AR automation tool to boost efficiency, accelerate payments, and optimize cash flow. […]

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Accounts Receivable Accounts Receivable Account Receivables AR 100

Outsourced Bookeeping

FEBRUARY 29, 2024

As businesses are evolving and aiming to be the best, new accounting methods are rapidly taking over the old. Since necessity is the mother of all inventions, the concept largely applies to the accounts receivable processes as well. This piece seeks to explore the advantages of outsourcing accounts receivable.

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Xero

OCTOBER 11, 2022

You may have recently received an email from HMRC explaining that VAT-registered businesses will no longer be able to use this gateway to file monthly or quarterly VAT returns. My first piece of advice would be to speak to your accountant, who can offer vital guidance and counsel as to how to make this change with a minimum of fuss.

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Xero

APRIL 16, 2023

Build new automated workflows Complex layers of approval processes can hold up your accounts payable and receivable, no matter how large your business is. The auto-approvals feature means you can add rules to specific workflows, ensuring they get the automated all-clear without onerous sign offs and review processes.

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Cevinio

JANUARY 3, 2024

Building your accounts payable e-invoicing strategy Developing an e-invoicing strategy not only brings you closer to embracing digital transformation but is also essential for businesses aiming to stay competitive; it has transitioned from an option to a strategic imperative.

Accounts Payable 100

Accounts Payable Accounts Payable Invoicing AP 100

Xero

DECEMBER 1, 2023

Simplified submission processes and requirements Quarterly updates are central to MTD for ITSA. Note – your clients will still be able to use three-line accounts with the new MTD rules in place. For example, clients could work with one practice for day-to-day bookkeeping and accounting, and another for ITSA submissions.

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Xero

JUNE 16, 2022

Taking time at the beginning of the new financial year to set up your systems and processes can save considerable time in the long run. Streamline your workflow by automating your financial approval processes. Complex approval processes can hold up your accounts payable and receivable.

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Nanonets

APRIL 12, 2024

Sage Intacct makes the entire process simple. It creates professional invoices for your accounts receivables and helps process invoices as part of your accounts payables. The detailed process is similar to Sage offerings like Sage 50 and 100.  Here, you'll create and manage all your invoices.

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Gaviti

JANUARY 2, 2024

Cash flow metrics are the standards by which CFOs measure cash flow health and accounts receivable performance. They are used in nearly every financial function, including accounts receivable, payable, cash flow reporting, and more. If you need help with this, check out how to calculate DSO.

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Xero

FEBRUARY 5, 2023

It’s likely many small businesses have a lot of capital tied up in receivables and inventory that they could turn into cash, something Waddle , a Xero company, and Commonwealth Bank of Australia (CommBank) are solving with Stream Working Capita l. Cash flow is king again and freeing up cash could be the difference for many in the year ahead.

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Invoicera

APRIL 2, 2024

The accounts receivables and payables management records have a unique significance in the business world. Let’s dive into detailed information about Accounts Payable and Receivable Management and their importance. What is Accounts Payable Management? Let’s first understand, what are Accounts Payable.

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Xero

DECEMBER 11, 2022

Love your accounts receivable. Remember that revenue isn’t truly revenue, until it’s money in the bank, so ensure that you have a clear process to confidently get what’s owed to you, deposited on time. Utilise your accountant and/or an independent, qualified advisor. Know your numbers.

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Xero

JUNE 7, 2022

Take our word for it; a trusted accountant or bookkeeper will become your best friend at tax time. Save yourself and your advisor the trouble by setting up a regular reconciliation process.” . Accounting software like Xero can streamline everything from income and expenses to assets and liabilities. . The best way to do this?

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Reconciling XERO Tax Bookkeeping 264

Nanonets

MAY 16, 2024

The advent of AI and automated workflows in recent years have paved the way for procure to pay software - and these tools have completely streamlined the cumbersome processes associated with the procure to pay cycle. Receive Requisition Approval: The requisition is sent to her department head and the finance team for approval.

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AvidXchange

MAY 16, 2024

As the workplace evolves, the shift towards electronic invoicing represents more than a technological upgrade; electronic invoicing and payments transform how businesses manage their financial processes. Once an e-invoice is received, the recipient can process it electronically without the need for manual intervention.

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Xero

MAY 9, 2022

We’re thrilled to announce Baker Tilly RSG as the first platinum partner in the Baker Tilly (BT) Canada Network, one of the country’s largest independent accounting networks, and also the first platinum partner in the Edmonton region. . To learn more about Baker Tilly Advantage, next-level cloud accounting, visit [link].

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Invoicera

MARCH 26, 2024

You need to know the ins and outs of the invoice payment process to make the most of them. In this blog post, we will guide you through invoice payment details while deep-diving into the essential elements of invoices. The purpose of an invoice is to communicate transactions and facilitate the payment process effectively.

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Xero

AUGUST 30, 2023

The Xero Beautiful Business Fund has officially been open for one week and we’ve received an incredible response so far! Tip: Make sure you’re ready to fill out this form immediately after uploading your video so you can complete the application process in one go. Now give yourself a pat on the back and get back down to business.

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Xero

SEPTEMBER 27, 2022

Close to 400 small businesses across Singapore have tapped on Xero’s all-in-one solution to digitalise their accounting function through the DBS Start Digital Package to date. Built by progressive accountants, for progressive accountants, it is the preferred choice of the Big Four and leading progressive accounting firms around the world.

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Xero

OCTOBER 19, 2022

When Lucy Johnson won the 2022 Xero Award for Sole Practitioner of the Year, her practice – Simplex Accounting (formally known as Isle Book-keep) – was just 12 months old. Lucy started Simplex Accounting after being made redundant from her job doing the books for a beauty company. From paper-mess to paperless. Driving digital.

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Billing Platform

FEBRUARY 1, 2024

Common among subscription-based software-as-a-service (SaaS) businesses, unbilled receivables is revenue the company has earned, with invoices sent in arrears. Simply put, unbilled receivables equates to the amount of revenue that is billable. Let’s look at some of the most common reasons your business may have unbilled receivables.

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