Nanonets

FEBRUARY 14, 2024

In the world of business, keeping track of money matters is crucial, and that's where General Ledger Codes, or GL Codes, come into play. GL Codes are not just about keeping things neat; they're about making smarter financial decisions, simplifying tax time, and ensuring your business runs smoothly.

General Ledger 52

General Ledger Accounts Payable Accounts Payable Accounting Software 52

Jetpack Workflow

FEBRUARY 16, 2023

Chart of Accounts In this section, you’ll list the company’s general ledger account names and numbers. This written record enables you to easily assign and maintain the company’s chart of accounts, which helps you eliminate duplicates while controlling a large volume of accounts.

General Ledger 52

General Ledger Accounting Accounting Budgeting 52

Nanonets

JULY 14, 2024

Many businesses face challenges with invoice processing —from data entry errors to delayed payments. Automatically update financial records in the balance sheet, general ledger , PnL, and more. Automate manual data entry processes using a workflow management system.

Invoicing 52

Invoicing AP Invoice Processing Data Entry 52

Nanonets

FEBRUARY 19, 2024

In this blog, we will explore the essential task of filling out receipt books, a foundational element of financial record-keeping for both small and large businesses. We will also delve into the benefits of automating your receipt books and how platforms like Nanonets can transform your approach to financial record-keeping.

Record Keeping 52

Record Keeping Financial Records Tax General Ledger 52

Nanonets

MARCH 12, 2024

This might include confirming all invoices have been issued and paid, expenses recorded, and necessary accruals made. Operating without an ERP or dedicated accounting software requires meticulous record-keeping and a strong grasp of accounting fundamentals.

Financial Reporting 52

Financial Reporting Accounting Software Financial Statements Collections 52

Nanonets

JUNE 29, 2023

AI algorithms ensure data accuracy and readiness for review Seamless integration of transaction information from diverse sources into the ERP, facilitating accurate and timely payments. Automated expense recognition and classification, reducing manual data entry and GL coding efforts. Simplified setup for small organizations.

Budgeting 52

Budgeting Expense Reports Data Entry Invoicing 52

Nanonets

MARCH 4, 2024

Digital Receipts and Invoices : Encourage digital record-keeping by storing scans or photos of receipts and invoices. GL Coding After categorization, the expense is assigned the correct General Ledger (GL) code, minimizing manual work and potential coding errors.

Budgeting 52

Budgeting Tax General Ledger Payroll 52