Spenmo

NOVEMBER 2, 2022

Virtual corporate cards offer various benefits. In addition, the cards come with exciting rewards. But how do you apply for a virtual corporate card? Read on to learn the step-by-step process of getting a virtual credit card and its benefits. For example, card use may apply to specific merchants only.

Budgeting 52

Budgeting Collections Tax Accounting 52

Accounting Tools

JANUARY 30, 2024

What is a Ghost Card? A ghost card is a credit card number that is specific to each company department, for use by anyone in that department. Purchases made on each of these cards are then charged back to the department to which the card was issued. A ghost card can even be issued to selected suppliers.

Data Entry 40

Data Entry Accounts Payable Accounts Payable Accounting 40

Counto

JUNE 12, 2023

FX currencies Send & receive payments to 70+ countries Send & receive payments to 50+ countries Send & receive payments to 40+ countries Virtual &/or physical corporate cards available? Yes No Yes FX services Yes Yes Yes FX fees markup From 0.43% From 0.7% Both available Both available Both available What is Wise?

Accounting 52

Accounting Accounting Customer Service Financial Operations 52

Accounting Tools

NOVEMBER 7, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What are Short Term Sources of Funds? Use Credit Cards Credit cards have very expensive interest rates , and funds are generally only available in modest amounts.

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Corporate Finance 75

Accounting Tools

JUNE 19, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Cash Reconciliation? Using individual cash and receipts in the cash register, summarize on the form the amount of receipts by cash, check, coupon, and credit cards. Credit cards collected 308.20

Bank Reconciliation 75

Bank Reconciliation Cash Collection Reconciling Collections 75

Xero

JULY 6, 2022

Whether it’s help with payments, reporting, time tracking or document management, there’s something for everyone. The GoCardless global bank payment network and technology platform takes the pain out of getting paid for 70,000 businesses worldwide, from multinational corporations to small businesses.

XERO 223

XERO Invoicing Collections Accounts Payable 223

Spenmo

NOVEMBER 1, 2022

Many companies rely on credit cards to facilitate business transactions because they are faster and easier to use than physical cash or checks. However, exposing the company's credit card details online or to suppliers may invite fraud that can take a toll on the company's coffers.

Petty cash 52

Petty cash Budgeting Expense Reports Financial Reporting 52

Xero

AUGUST 16, 2022

Expensify is a payments app that helps individuals and businesses manage their money. More than 12 million people use Expensify’s free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app. You can also get Ignition from the Xero App Store.

XERO 175

XERO Invoicing Collections Billing 175

Xero

SEPTEMBER 27, 2022

From POS systems to inventory management to payroll, Xero connects with over 1,000 apps as well as 300 banks and financial institutions across the globe. Aspire brings together multiple offerings under one roof including business accounts, corporate cards, systems solutions for spend management, receivables management and business credit.

XERO 166

XERO Payroll Purchase Order Accounts Payable 166

Counto

JANUARY 28, 2024

Cost-effective Shipping: The platform provides cost-effective shipping solutions and a centralised order tracking system, making it easier for sellers to manage their logistics. There are two types of sellers on Lazada — individual or corporate. You’ll also need a recent bank or credit card statement for verification.

Bookkeeping Services 52

Bookkeeping Services Payroll Budgeting Bookkeeping 52

Accounting Tools

AUGUST 30, 2023

Related Courses Cost Management Guidebook How to Audit Procurement Purchasing Guidebook What is Spend Management? A spend management system is used to reduce the total expenditures of a business. Use Supplier Credit Cards Obtain credit cards from preferred suppliers and issue them to employees.

Accounts Payable 40

Accounts Payable Accounts Payable Auditing Accounting 40

Accounting Tools

APRIL 24, 2024

Note that all of the following types of cash fraud are perpetrated by corporate insiders. This can be prevented by switching from petty cash to the use of procurement cards. Since cash is essentially untraceable once stolen, someone intent on stealing assets will be particularly focused on this type of asset.

Petty cash 74

Petty cash Deposits Auditing Billing 74

Nanonets

MARCH 22, 2024

Data management 5 4 Multi-language and multi-format processing 5 4 Supplier payment data validation 4 5 Compliance capabilities 3 5 Payment processing 3 5 Matching and approvals 4 4.5 For advanced tiers, you may require consultation with account managers to determine your actual costs. Automated workflows 4.5 Supports up to 10 users.

AP 52

AP Invoice Processing Invoicing AR 52

accountingfly

APRIL 11, 2024

Client-facing, experienced in client management and development Client niches: medical, dental, and legal practices, small businesses, real estate, entertainers and hospitality, estates, trusts, S Corps, partnerships, and sole proprietorships Tech Stack: Drake, LaCerte, ProSystems Tax and Engagement, QuickBooks, etc.

General Ledger 64

General Ledger Financial Statements Accounting Accounting 64

Spenmo

NOVEMBER 8, 2022

In this article, we address the top 5 accounts payable challenges and how you can overcome them with expense management solutions. Challenge #4: Complex digital payments Digital payments are typically very complicated, and that’s where virtual corporate cards come in to help streamline the process for companies.

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

Accounting Tools

JUNE 12, 2023

Related Courses Corporate Cash Management Corporate Finance What is an Evergreen Loan? Examples of evergreen loans are checking account overdraft arrangements and credit cards. Evergreen loans are especially useful for borrowers that do not have the financial resources to pay down loan balances on a regular basis.

Corporate Finance 40

Corporate Finance Accounting Accounting 40

Counto

MARCH 6, 2024

Creditworthiness Assessment : Consistently paying your bills, invoices, and credit card balances on time is paramount. This helps build a positive credit history and demonstrates your ability to manage credit responsibly. Manage Credit Utilisation: Maintain a healthy balance between credit utilisation and available credit.

Payroll 52

Payroll Tax Billing Invoicing 52

Accounting Tools

SEPTEMBER 21, 2023

At this point, the credit manager is more likely to allow credit for a much larger order. A variation on the concept at the consumer level is for an individual to obtain a credit card, use a consistent payment history to justify a higher credit limit , use all of the credit limit, and then not pay the credit card bill.

Billing 40

Billing Auditing 40

Accounting Tools

OCTOBER 7, 2023

Related Courses Corporate Cash Management Corporate Finance What is a Variable Interest Rate? Variable interest rates are commonly applied to credit card debt and other forms of short-term debt.

Corporate Finance 40

Corporate Finance 40

Xero

JULY 28, 2022

And because we started to work with larger corporate companies it was taking anywhere between 30 and 90 days to get paid. . Customers started to ask if they could pay their deposits or accounts by credit card. We also integrate Xero with the Tradify app to manage our quotes. Cash flow is the biggest stress in a business.

Bookkeeping 193

Bookkeeping XERO Invoicing Financial Services 193

Accounting Tools

APRIL 18, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Petty Cash Fund? Petty cash funds are subject to theft, and so are commonly being replaced by corporate credit cards and employee expense report reimbursement systems.

Petty cash 40

Petty cash Expense Reports Billing Bookkeeping 40

Intuit

MARCH 21, 2023

Cedric graduated college, earned an MBA, and got a corporate job. When apartment rental managers said they would run a credit check, he had no idea what they meant. It helped him and Ria understand the difference between hard and soft credit inquiries and the importance of keeping credit card usage to no more than 30%.

Tax 130

Tax 130

Accounting Tools

MAY 21, 2023

Authorization may be given verbally, via a signature, by the use of a key or key card, and so forth. First, a payables manager authorizes the expenditure of funds. Second, a human resources manager authorizes the hiring of an employee. Third, a materials manager authorizes the issuance of materials to the shop floor.

Computation 40

Computation Accounting Accounting 40

Accounting Tools

JULY 20, 2023

Related Courses Corporate Cash Management Payables Management What is an Electronic Check? Further, the transaction charge associated with an electronic check is typically much lower than the rate associated with a credit card payment. Payments are made from the payer's bank account.

Deposits 40

Deposits Payroll Accounting Accounting 40

Accounting Tools

FEBRUARY 15, 2024

The term can also be applied to a situation where an individual attempts to make a purchase with a debit card, and there are not sufficient funds in the underlying bank account to pay for the transaction. Another prevention option is to use a credit card instead of checks, thereby reducing the number of deductions from your checking account.

Bank Reconciliation 40

Bank Reconciliation Deposits Reconciling Collections 40

Spenmo

NOVEMBER 1, 2022

Businesses traditionally relied on manual expense reporting for expense report compliance and managing company spending. This article will discuss the challenges of traditional expense reporting and how an automated expense management system helps address these issues and ensure expense report compliance.

Expense Reports 52

Expense Reports Account Reconciliation Budgeting Billing 52

Spenmo

NOVEMBER 3, 2022

Employees must file their reimbursements one by one and wait for their manager and the finance team to review and approve their claims. Determine what counts as reimbursable expenses Create a detailed list of acceptable reimbursable expenses not covered by your corporate card. Here’s how to achieve that.

Expense Reports 52

Expense Reports Budgeting Account Reconciliation Deposits 52

Future Firm

SEPTEMBER 1, 2023

Invoicing, bank reconciliations, bank and credit card feeds, financial reporting, managing accounts payable and accounts receivable, multi-currency, and the ability to connect to 100’s of 3rd party apps to help small businesses automate all parts of the accounting process. Their web-based product is packed full of accounting features.

Accounting Software 98

Accounting Software XERO QuickBooks Accounting 98

AP Association

JANUARY 21, 2020

For example, the Procurement/Sourcing should have a separate policy since their focus may be items such as vendor risk management, identifying strategic partners, and reducing costs. A great example is that many companies will not setup hotels as a vendor, but rather require the use of Corporate Cards to cover meeting or conference costs.

General Ledger 130

General Ledger AP AR Purchase Order 130

Nanonets

APRIL 3, 2024

Business credit functions very similarly to personal credit; as businesses continue to get access to credit in the forms of trade accounts, loans, or business credit cards, their credit score will move up and down. Create a legal business entity such as an LLC or a corporation. Secure a business credit card.

AP 52

AP Invoicing Accounts Payable Accounts Payable 52

Billah and Associates

JANUARY 27, 2021

Corporate tax deadlines are a little different than personal tax deadlines. For tax purposes, corporations can have year-ends that are not December 31st. Corporate tax return filings are due 6 months after the year-end For eg, a December 31, 2022 year-end would have a June 30, 2023, due date.

Tax 52

Tax Corporation Tax Financial Statements Bookkeeping 52

Accounting Tools

APRIL 14, 2023

In some organizations, the department manager must also sign the purchase requisitions being created by his staff, to indicate that they have been authorized. Ideally, their use can be concentrated on more expensive purchases, with lesser items being acquired with corporate purchasing cards.

Purchase Order 40

Purchase Order Auditing 40

Nanonets

JANUARY 17, 2024

In this short guide, we will inform you of all the expense reports you can make to record all your business expenditures and solve your expense management. Additionally, because employees document every aspect of their spending along with the invoices, it is simpler for finance managers to determine whether or not the expenses are accurate.

Expense Reports 52

Expense Reports Budgeting Account Reconciliation Accounts Payable 52

Accounting Tools

JULY 27, 2023

Related Courses Credit and Collection Guidebook Bookkeeping Guidebook Budgeting CFO Guidebook Cost Accounting Fundamentals New Controller Guidebook Payables Management Payroll Management Project Accounting Someone wanting to enter the accounting field can choose to train for a number of possible positions.

General Ledger 40

General Ledger Accounting Accounting Payroll 40

Accounting Tools

MARCH 25, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Imprest System? The imprest system is an accounting system for paying out and subsequently replenishing petty cash.

Petty cash 40

Petty cash General Ledger Bookkeeping Auditing 40

Nanonets

APRIL 14, 2024

These tools range from accounts payable platforms to inventory management solutions and everything in between. With the ability to manage all outstanding bills and extract vendor payment information from invoices, this Sage integration transforms expense management.

AR 52

AR Payroll Data Entry Accounts Payable 52

oAppsNet

MARCH 14, 2024

Instead, individuals and businesses alike can easily manage their bills and fees, all from the comfort of their own homes or offices. Whether you’re a small business owner, a large corporation, or an individual consumer, EBPP provides a convenient and efficient way to manage your finances.

Billing 52

Billing Invoicing 52