Accounting Tools

MAY 11, 2023

The direct method requires an organization to present cash flow information that is directly associated with the items triggering cash flows, such as: Cash collected from customers Interest and dividends received Cash paid to employees Cash paid to suppliers Interest paid Income taxes paid The Indirect Method Few organization collect information as (..)

Financial Statements 40

Financial Statements Cash Collection Collections Payroll 40

Accounting Tools

MARCH 2, 2024

Operating cash flow is the net amount of cash that an organization generates from its operating activities. This information is used to determine the viability of the core operations of a business, since positive cash flow is needed to maintain and grow a firm’s operations over time.

Financial Statements 40

Financial Statements Accounts Payable Accounts Payable Account Receivables 40

Nanonets

APRIL 14, 2024

With the ability to manage all outstanding bills and extract vendor payment information from invoices, this Sage integration transforms expense management. Versapay’s integration with Sage Intacct improves cash collection timeframes and provides a two-way connection between the two platforms. Schedule a Demo

AR 52

AR Payroll Data Entry Accounts Payable 52

Nanonets

SEPTEMBER 22, 2023

Better Financial Visibility: Integrated order management systems provide real-time visibility into order status, inventory levels, and payment collection, enabling businesses to make informed financial decisions. This helps businesses assess the creditworthiness of their customers and make informed decisions regarding credit limits.

Revenue Cycle Management 40

Revenue Cycle Management Revenue Cycle Collections Invoicing 40

Nanonets

FEBRUARY 21, 2024

Cash reconciliation aids in ensuring these documents accurately represent the company’s cash position, supporting informed decision-making and trust. Adjust Records Accordingly : Upon identifying the reasons for discrepancies, update the records to reflect accurate information.

Financial Statements 52

Financial Statements Collections Financial Records Reconciling 52

Jetpack Workflow

JUNE 27, 2023

Also, be sure all employees are adequately trained and informed on new regulations and guidelines, especially those that directly impact the firm and its clients. However, you have to be responsive to clients and active on their accounts, providing in-depth insights and regular updates to help them make informed business decisions.

Accounting 52

Accounting Accounting Financial Reporting Cash Collection 52

Nanonets

SEPTEMBER 22, 2023

Another critical aspect of  accounts receivable management  is efficient payment collection strategies. Offering multiple payment options, sending proactive payment reminders, and following up on overdue payments can help expedite the cash collection process.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable AR 40