Remove Document Remove General Ledger Remove Invoicing
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Bookkeeping Basics for Small Business: What Every Owner Should Know

Remote Quality Bookkeeping

Familiarize Yourself With Your Bookkeeping System Businesses use two primary methods to document revenue and expenses and report to the IRS: cash basis or accrual. However, it may not reflect outstanding invoices or upcoming expenses, which can lead to an incomplete picture of your financial health.

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Preventing Costly AP Errors: Safeguarding Profitability Through Process Precision

oAppsNet

A lost invoice. oAppsNET Tip: Deploy AP automation solutions that integrate with your ERP system to automate invoice capture, eliminate human error, and ensure accurate coding. Likewise, inconsistent purchase orders and invoice mismatches can cause approval delays or payment rejections. An unchecked approval. The impact?

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8 Unique Ways to Use AI for Accounting Firms

Jetpack Workflow

AI technology can simplify how accountants categorize expenses and update the client’s general ledger with expense data. Users can build custom checklists or customize Jetpack Workflow’s pre-built templates to streamline the collection of required tax documents and files from clients.

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Tech news: Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect

Accounting Today

Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect Wolters Kluwer HQ Wolters Kluwer Tax and Accounting (TAA) announced a pair of new features for its CCH AnswerConnect tax research platform. It also features a secure document repository with access controls and integrations with Google Drive, Dropbox and APIs.

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Sage Intacct AI features guide: Enhance your AP automation workflows

Nanonets

The month-end close can often feel like Groundhog Day, with teams working overtime to process hundreds of invoices, match countless transactions, and catch any unusual entries before they become problems. GL Outlier Assistant It is an AI-powered system that monitors transactions in your general ledger for anomalies and potential errors.

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App partner of the month: EzzyBills

Xero

“Ever since our first customer purchased a subscription in 2015, we’ve supported thousands of businesses looking for a quick and effortless way to import their supplier invoices into Xero with line-item extraction.”. Uploading documents to EzzyBills is done through either email, drag and drop, or via a mobile app. Extracting the data.

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Latest product news — July 2022

Xero

When Hubdoc publishes a document to Xero, it requires a contact name. However, we’ve introduced a new feature that automatically adds the supplier extracted from the document if it’s already a contact in Xero. Update overdue bills and invoices in short-term cash flow — Global. Automatically add Xero contacts in Hubdoc — Global.

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