Accounting Tools

OCTOBER 11, 2023

Key transactions are: Purchase materials and services. Requires the issuance of purchase orders and the payment of supplier invoices. Requires the creation of an invoice to be sent to each customer, documenting the amount owed by the customer. Requires matching received cash to open invoices. Pay employees.

Accounting

Accounting Tools

NOVEMBER 2, 2023

Examples of Business Process Reengineering Examples of successful BPR transformations are as follows: Cost accounting. A company painfully compiles the cost of finished goods based on each item included in a production run. Prices paid are based on the authorizing purchase order. Payroll.

Purchase Order

Nanonets

NOVEMBER 16, 2023

From receiving invoices to managing approvals, fulfilling payments, and ensuring proper accounting practices, each step in the AP process can be optimized through automation. What is Accounts Payable Automation? Invoice Processing After invoices are received, they need to be processed.

AP

Nanonets

SEPTEMBER 29, 2023

”  Tracking the performance of the Accounts Payable department of your company requires way more effort than just tracking the number of invoices that are past their due date!  For example: Average time taken to approve an invoice and Days payable outstanding.  Example: Average revenue per user. 

Accounts Payable