Xero

JUNE 2, 2022

Based on the findings from Xero’s latest report, Where opportunity lies: Australia’s new small business boom , created in partnership with Accenture, we dug deep into what’s next for small businesses and advisors, from growth industries to how more and more firms are embracing digitalisation. . appeared first on Xero Blog.

XERO 222

XERO Payroll Bookkeeping Auditing 222

LedgerDocs

MAY 26, 2023

ML-powered bookkeeping and document management systems have the ability to transform raw financial data into valuable reports that help drive more informed decision-making. In this blog post, we explore how using machine learning in bookkeeping can empower businesses to gain deeper financial insights and make strategic choices.

Bookkeeping 67

Bookkeeping Data Entry Budgeting 67

Outsourced Bookeeping

FEBRUARY 28, 2023

Let us find out in this blog here. Aging A/R : DSO gives a concrete reflection of consolidated AR performance, but is there a way to gauge the performance in real time? Aging AR is the answer. The Aging AR report shows the outstanding balances of Accounts Receivable based on their aging schedule (by dates).

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Outsourced Bookeeping

FEBRUARY 28, 2023

Let us find out in this blog here. Aging A/R : DSO gives a concrete reflection of consolidated AR performance, but is there a way to gauge the performance in real time? Aging AR is the answer. The Aging AR report shows the outstanding balances of Accounts Receivable based on their aging schedule (by dates).

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Counto

APRIL 15, 2024

CPF contribution rates Employee's age By employer (% of wage) By employee (% of wage) Total (% of wage) 55 and below 17 20 37 Above 55 to 60 15 16 31 Above 60 to 65 11.5 Apply the appropriate CPF contribution rates based on the employee’s age and total wages. 22 Above 65 to 70 9 7.5 Above 70 7.5 Late payments may incur a 1.5%

Payroll 98

Payroll Billing 98

Outsourced Bookeeping

APRIL 26, 2024

This is a crucial yet challenging process, compelling you to prepare budgets, create various financial reports, perform audits, monitor cash flows, and file taxes. So, to effectively avoid common decision-making errors, this blog explores those common pitfalls and also helps you rectify them to avoid them in the future.

Bookkeeping 52

Bookkeeping Outsourced Bookkeeping Budgeting Bookkeeping Services 52

Outsourced Bookeeping

FEBRUARY 8, 2023

This blog will provide an overview of accounts receivable trends in 2023 and discuss ways businesses can take advantage of outsourced bookkeeping services to ensure efficient accounts receivable management. This can help businesses reduce accounts ageing and increase cash flow.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

Outsourced Bookeeping

FEBRUARY 8, 2023

Accounts Receivable and Business Collections Trends for 2023 This blog will provide an overview of accounts receivable trends in 2023 and discuss ways businesses can take advantage of outsourced bookkeeping services to ensure efficient accounts receivable management. This can help businesses reduce accounts ageing and increase cash flow.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

Counto

FEBRUARY 3, 2024

In this blog post, we’ll explore practical steps to help you minimise payment delays and maintain a healthy financial position. Maintain an accurate Accounts Receivable (AR) aging report to identify clients who consistently fail to meet payment terms and decide whether you want to continue doing business with them.

AR 52

AR Invoicing Collections Financial Operations 52

Billah and Associates

JULY 19, 2023

These principles lay the foundation for accurate record-keeping and financial reporting. It helps organize financial transactions and facilitates reporting and analysis. Understanding the difference is vital for accurate financial reporting. Here are some key concepts about bookkeeping basics: 1. Some key benefits include: 1.

Bookkeeping 52

Bookkeeping Financial Statements Accruals Bank Reconciliation 52

SSI Healthcare Rev Cycle Solutions

OCTOBER 30, 2023

Employing claims analytics and reporting tools to gain insight into payers that are taking the most time to pay, aiding in improving speed to payment. The answer may be simpler than one might think—partner with experts. Accelerating payment times through the adoption of electronic attachments.

Revenue Cycle Management 97

Revenue Cycle Management Revenue Cycle Billing Customer Service 97

SSI Healthcare Rev Cycle Solutions

JULY 13, 2023

In this blog post, we will explore the significance of edits and the various types that can be employed to maximize efficiency and financial outcomes. According to a recent MGMA Stat poll, 76 percent of medical practices reported making operational changes in response to staffing challenges.

Revenue Cycle 52

Revenue Cycle Revenue Cycle Management Billing AR 52

SSI Healthcare Rev Cycle Solutions

JULY 13, 2023

In this blog post, we will explore the significance of edits and the various types that can be employed to maximize efficiency and financial outcomes. According to a recent MGMA Stat poll, 76 percent of medical practices reported making operational changes in response to staffing challenges.

Revenue Cycle 52

Revenue Cycle Revenue Cycle Management Billing Accounts Receivable 52

Counto

MARCH 6, 2024

Establish Business Credit Accounts: Open business credit accounts with suppliers and vendors who report to credit bureaus. Monitor Your Credit Reports: Regularly review your business credit reports from major credit bureaus like Dun & Bradstreet.

Payroll 52

Payroll Tax Billing Invoicing 52

Nanonets

MARCH 4, 2024

AI technologies offer promising solutions to these age-old problems, automating mundane tasks, enhancing accuracy, and streamlining processes. This capability streamlines expense reporting and reimbursement processes, minimizing errors and fraud. Leveraging Generative AI 6. Read it by clicking the link below.

Data Entry 52

Data Entry Expense Reports Invoicing General Ledger 52

MineralTree

FEBRUARY 23, 2023

In this blog post, we will discuss the importance of cash flow forecasting and how businesses can better manage their cash flow through AP analytics and better data management. Leverage Digital Transformation for Better Information and Reports Digital transformation can play a significant role in improving cash flow forecasting.

AP 88

AP AR Data Entry Invoicing 88

Nanonets

MARCH 4, 2024

Inaccuracies in Expense Reporting Manual Data Entry Errors Mistakes in receipts and expense reports due to human error. Lack of Mobile Solutions In today’s digital age, the absence of mobile-friendly solutions for expense submission and tracking can be a significant drawback.

Expense Reports 52

Expense Reports Record Keeping Budgeting Data Entry 52

Invoicera

OCTOBER 3, 2023

Whether you have a startup idea or are already running a business and want to improve your finance management, this blog post will be an insightful read for you. A report by CB Insights says that 38% of businesses fail because they run out of cash.

Budgeting 59

Budgeting Tax Computation Financial Reporting 59

LedgerDocs

APRIL 12, 2023

Tax Slips T4 ( A statement of remuneration paid by an employer to an employee for the year) T3 (Used by the Canada Revenue Agency to report income from investments held in a registered retirement savings plan (RRSP)) T5 (Used to report investment income that includes interest, dividends, and other income from investments.)

Collections 52

Collections Tax Billing Accounting 52

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Home / November 17, 2023 In the digital age, innovation often means mastering the fundamentals. The solution delivers robust reports that allow for performance comparisons over time, along with industry benchmarking.

AR 59

AR Billing Revenue Cycle Revenue Cycle Management 59

Invoicera

AUGUST 27, 2023

This blog post discusses the top 11 billing software that can integrate with your legacy system to deliver optimal solutions. Incompatible Reporting Producing thorough financial reports in real-time using legacy systems can be challenging. The systems may become challenging to manage due to dependency.

Billing 52

Billing XERO Data Entry Invoicing 52

Invoicera

OCTOBER 3, 2023

Whether you have a startup idea or are already running a business and want to improve your finance management, this blog post will be an insightful read for you. A report by CB Insights says that 38% of businesses fail because they run out of cash.

Budgeting 52

Budgeting Tax Computation Financial Reporting 52

Invoicera

JULY 18, 2023

We are living in the age of technology, where you can automate invoicing process to positively impact the bottom line. Improves Monitoring: Monitor invoice statuses, track payments, and gain valuable insights into your business’s financial health with features like detailed reporting and tracking.

Billing 52

Billing Invoicing Invoice Processing 52

Invoicera

JANUARY 2, 2024

Instead of just taking an average, you calculate a weighted average based on your accounts receivable aging. It involves bucketing your outstanding invoices by age and multiplying the days outstanding by the amount due in each bucket. Invoicera simplifies access to various reporting functionalities in this section.

Collections 52

Collections Accounts Receivable Accounts Receivable Account Receivables 52

Nanonets

JULY 13, 2023

In the digital age, businesses rely on efficient expense management processes to maintain accurate financial records and ensure smooth operations. In this blog post, we will delve into the world of duplicate receipt detection with OCR software, exploring its benefits and best practices. What are Duplicate Receipts?

Record Keeping 52

Record Keeping Reconciling Auditing Financial Records 52

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Home / November 17, 2023 In the digital age, innovation often means mastering the fundamentals. The solution delivers robust reports that allow for performance comparisons over time, along with industry benchmarking.

AR 52

AR Billing Revenue Cycle Revenue Cycle Management 52

AvidXchange

JULY 14, 2022

Reuters reports that hiring in financial services has dropped considerably as banks and credit unions continue to struggle to find skilled workers. It’s an aging industry, according to U.S. News & World Report. Fintech companies and startups offer alternatives.

Financial Services 52

Financial Services AP Budgeting Accounting 52

SSI Healthcare Rev Cycle Solutions

OCTOBER 30, 2023

Employing claims analytics and reporting tools to gain insight into payers that are taking the most time to pay, aiding in improving speed to payment. The answer may be simpler than one might think—partner with experts. Accelerating payment times through the adoption of electronic attachments. Engage, evolve, and excel with SSI.

Revenue Cycle Management 52

Revenue Cycle Management Revenue Cycle Billing Customer Service 52

AvidXchange

JULY 14, 2023

HubSpot’s 2023 State of Marketing report found that effective marketers are 46% more likely to use automation versus marketers with an ineffective strategy. Leveraging automation tools, marketers can save an average of six hours a day on manual, administrative and operational tasks, according to HubSpot.

AP 52

AP Accounts Payable Accounts Payable Budgeting 52

Counto

JUNE 26, 2023

E-commerce Accounting: Managing Finances for Online Businesses In today’s digital age, e-commerce has become the driving force behind numerous successful businesses. Maintaining organised and precise books goes beyond tax compliance; it sets the stage for efficient inventory management and reliable financial reporting.

Accounting 52

Accounting Accounting Accounting Software Financial Reporting 52

AvidXchange

JULY 14, 2022

As if that’s not enough to handle, a shift to remote work, an aging workforce and a war on talent are making it increasingly difficult for firms to hire top-quality staff in order to stay competitive. With too few people to do the work, current employees are doing the work of multiple people, and they’re feeling the burn.

AP 52

AP Invoicing 52

Invoicera

MARCH 31, 2024

If a task doesn’t seem too complex, you don’t need to spend ages discussing it. Assign and evaluate project reports. With Invoicera, you can quickly pull up a detailed expense report by project or any date range. They keep everyone aligned and headed in the right direction with the project. Log work hours.

Invoicing 52

Invoicing Billing Budgeting Expense Reports 52

AvidXchange

SEPTEMBER 21, 2023

Recent Gallup research underscores this, finding that workers ages 18-24 rate upskilling opportunities more important than paid vacation when evaluating a potential new job. AP professionals are willing and eager to update their skills and embrace technology that makes their jobs easier.

AP 105

AP Accounting Accounting Invoicing 105

Counto

JANUARY 11, 2024

There are several compelling reasons why businesses consider switching their payroll providers: Outdated Technology: In today’s digital age, advanced payroll solutions offer real-time reporting, automation, self-service portals, HR integration, data security, and regular audits. Why Switch Payroll Providers?

Payroll 52

Payroll Budgeting Reconciling Tax 52

Nanonets

JULY 6, 2023

The future of document sorting lies in the integration of AI, and this blog aims to explore that future, examining how AI can transform document sorting, the underlying technologies, its benefits, and its potential for future growth. Nanonets can automatically categorize these documents based on patient ID, type of report, date, etc.

Invoicing 52

Invoicing Invoice Processing Customer Service Billing 52

AvidXchange

OCTOBER 14, 2022

People age regardless of economic factors, and higher occupancy rates result in more work for the back office. In this blog, we’ll take a look at what middle market professionals told us (spoiler: a whopping 88% of survey respondents said they are concerned about the current state of the economy).

AP 52

AP Accounts Payable Accounts Payable Invoice Processing 52

AvidXchange

JULY 14, 2022

It’s largely because construction is an aging industry—more than 1 in 5 construction workers are currently older than 55, according to ABC —and they are retiring or transitioning to other industries. In fact, there’s been an 8% decline in the number of construction workers ages 25-54 over the past decade.

AP 52

AP Billing Invoicing Accounting 52