AvidXchange

NOVEMBER 15, 2024

Whether it was a lost package, a delayed delivery, or a stolen piece of mail, it can be frustrating and time-consuming to handle the fallout. Many businesses are starting to realize that trusting critical documents like check payments to arrive securely by mail may not be worth the risk. to $14 per transaction.

Deposits 52

Deposits Invoicing Reconciling Collections 52

Remote Quality Bookkeeping

MAY 15, 2025

Technology has made it easier to track, categorize, and reconcile financial activity with far less effortand far fewer errors. For example, many platforms allow you to upload documents in bulk or sync directly with your bank and vendors rather than entering bills or invoices one at a time. Consistency is key.

Small Business Bookkeeping 52

Small Business Bookkeeping Business Bookkeeping Bookkeeping Outsourced Bookkeeping 52

Remote Quality Bookkeeping

APRIL 14, 2025

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.

Bookkeeping 52

Bookkeeping Small Business Bookkeeping General Ledger Accruals 52

oAppsNet

NOVEMBER 7, 2024

Duplicate Payments or Invoices Duplicate invoices are one of the most common red flags for AP fraud. Fraudsters often exploit this by submitting a fake invoice that mirrors a legitimate one or re-submitting the same invoice more than once. Implement automated tools to flag duplicate invoices before they are processed.

Accounts Payable 52

Accounts Payable Accounts Payable AP Purchase Order 52

Counto

FEBRUARY 19, 2025

Scammers are becoming more sophisticated, using phishing emails, fake invoices, and unauthorised transactions to exploit vulnerabilities in payment processes. Invoice Fraud Fraudsters create fake invoices that appear legitimate and send them to businesses for payment. Reconcile accounts promptly to identify discrepancies.

Billing 52

Billing Invoicing Accounts Payable Accounts Payable 52

Jetpack Workflow

DECEMBER 4, 2024

Reconciling Accounts AI tools can help accountants work more efficiently. 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. This saves accounting firms hours on tedious client setup and standard processes.

General Ledger 52

General Ledger Accounting Accounting Auditing 52

Jetpack Workflow

JUNE 19, 2025

Reconciling banks and credit cards each month. Processing accounts receivable including sending out invoices and statements as needed. Your responsibility for this engagement includes providing access to your accounting system and providing the necessary documentation and information necessary to complete bookkeeping.

Bookkeeping 52

Bookkeeping Accounting Accounting Bookkeeping Services 52

Nanonets

NOVEMBER 19, 2024

Ultimately with SuiteScripts, you can automate a lot of operations around processes like: Sales Orders Purchase Orders Invoices Sending out Automated Emails Approvals Alerts How Does SuiteScript Operate? 🔄 Scheduling nightly tasks to reconcile data across departments. Some Other Practical Use Cases 1. SuiteScript 2.x

Purchase Order 52

Purchase Order Reconciling Invoicing AP 52

Remote Quality Bookkeeping

JUNE 15, 2025

When cash coming in isn’t enough to cover payroll, rent, loan payments, or supplier invoices, it points to deeper operational or revenue issues. Ignoring discrepancies, failing to reconcile accounts, or simply not reviewing reports regularly can hide mounting liabilities or unpaid obligations.

Bookkeeping 52

Bookkeeping Payroll Financial Reporting Data Entry 52

CapActix

MAY 16, 2025

That includes your bank accounts, payroll software, point-of-sale system, and even invoicing platforms. This level of automation helps keep everyone informed while reducing the time you spend compiling documents. You can view income, expenses, unpaid invoices, and forecasts without digging through reports.

Accounting Software 40

Accounting Software Accounting Accounting Bookkeeping 40

NextProcess

JUNE 20, 2025

Tasks like generating purchase orders, reconciling invoices, and processing expense approvals become much faster and more efficient after automation. That means the cost per PO, invoice, or expense goes down dramatically. It can even auto-approve payment for some invoices, depending on your custom settings.

Purchase Order 52

Purchase Order Accounts Payable Accounts Payable Expense Reports 52

Outsourced Bookeeping

JUNE 29, 2025

Details get forgotten, invoices get misplaced, and your cash flow reports become inaccurate. Not Reconciling Bank Accounts Monthly Skipping bank reconciliations is like driving without a dashboard. How to avoid it: Set aside one day a month to reconcile each account. You may be heading for a crash and not even realise it.

Management Accounting 52

Management Accounting Deposits Accounting Accounting 52

Xero

JULY 14, 2025

From collecting documents to automating government obligations, it takes the manual hassle out of the process. Paidnice takes invoice reminders a step further by offering automated payment reminders via SMS, and even the option to apply prompt payment discounts or late payment fees directly through Xero.

XERO 146

XERO Purchase Order Invoicing Payroll 146

Accounting Today

JULY 11, 2025

The Abacus platform, which just went through its first tax season, automates data collection by pulling from client documents, past returns and standard forms—without a 7216 consent form required—and classifies, reconciles and pushes data directly into CPA workflows for review and filing. Abacus announces $6.6

Auditing 162

Auditing Corporation Tax Accounting Software Tax 162

Outsourced Bookeeping

JUNE 20, 2025

Set Up a Monthly Reconciliation Process Each month, reconcile your bank accounts, credit card statements, and property software data. Save and Back Up Every Document Keep digital copies of every invoice, lease, receipt, repair bill, and bank statement. Attach documents to entries within your software if possible.

Bookkeeping 59

Bookkeeping Auditing Bookkeeping Services Deposits 59

Xero

APRIL 16, 2023

When we look at a technology that has massive future potential, while already sitting firmly in the here and now, it’s hard to go past e-invoicing. The ability to send and receive invoices directly between accounting systems (and eliminate the need for manual, error-prone PDFs sent via email) offers some very exciting benefits.

Invoicing 279

Invoicing XERO Invoice Processing Reconciling 279

Xero

NOVEMBER 30, 2022

The invoice list in the Xero Accounting app (Android only) is being refreshed, making it easier for you to view and find information about your business. Hubdoc will use machine learning to identify when a document may be a credit note and flag it to you for review. New customers default to new invoicing — Global.

XERO 247

XERO Payroll Bank Reconciliation Invoicing 247

LedgerDocs

SEPTEMBER 20, 2023

The efficiency in organizing financial documents, such as tax records, invoices, receipts, bank statements, and reports can make a significant difference on their own efficiency and success and the organization’s compliance. Implementing and maintaining a folder structure to file these documents can feel overwhelming.

Data Entry 105

Data Entry Invoicing Bookkeeping Financial Reporting 105

Xero

MAY 24, 2023

This means you can reconcile multiple records faster while minimising errors in manual data entry. Make sure your advisor knows that you’re using the file library so they can also find and share documents. EOFY 2023).

XERO 278

XERO Bank Reconciliation Data Entry Reconciling 278

Accounting Tools

JUNE 8, 2023

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook How to Conduct an Audit Engagement Records Management What are Source Documents? Source documents are the physical basis upon which business transactions are recorded. A source document does not have to be a paper document.

Petty cash 76

Petty cash Invoicing Bookkeeping Reconciling 76

Nanonets

JULY 14, 2023

This post is mostly going to focus on invoice OCR and invoice information extraction using OCR and deep learning. We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. Want to automate invoice processing ? Why digitize invoices?

Invoice Processing 98

Invoice Processing Invoicing Data Entry Computation 98

Xero

MARCH 26, 2023

For example, if you’re managing paper bills and invoices in Xero, AI is quietly at work for you every time you upload a new document — thanks to intelligent form filling and credit note detection. Even as you’re busy reconciling your bank statements, AI is right there suggesting the best matches from your contacts and accounts.

XERO 279

XERO Reconciling Computation Billing 279

oAppsNet

JANUARY 18, 2024

Meticulously Gathering Vendor Statements and Internal Records: Laying the Groundwork Embarking on the vendor statement reconciliation journey begins with the meticulous gathering of essential documentation. Simultaneously, compile internal records such as purchase orders, invoices, and payment receipts.

Reconciling 52

Reconciling Purchase Order Vendor Management Invoicing 52

Nanonets

JUNE 22, 2023

One important aspect of financial management is invoice reconciliation. Whether you are a small business or a large enterprise, reconciling invoices is an essential process to ensure accuracy, identify discrepancies, and maintain strong financial controls. What is invoice reconciliation? billion in 2023 to $3.40

Invoicing 52

Invoicing Reconciling General Ledger Data Entry 52

Nanonets

MAY 31, 2023

One significant activity in Accounts Payable (AP) processes is Invoice Matching. Using innovative technologies and automated toolsets can optimize invoice matching to provide extra leverage and value to a business. What is Invoice Matching? The vendor then raises the invoice for payment clearance. What is a Deviation?

Invoicing 52

Invoicing Purchase Order AP Invoice Processing 52

MineralTree

OCTOBER 5, 2023

The process involves a series of steps and tasks that are designed to reconcile financial accounts, verify transactions, and produce accurate financial statements. For example, they may reconcile vendor statements with the AP ledger to ensure there are no discrepancies or missed invoices.

AP 76

AP Reconciling Accruals Accounts Payable 76

Less Accounting

DECEMBER 1, 2023

Reconcile Accounts You won’t get far if your books aren’t up to date. Take the time to reconcile bank statements, credit card statements, and any other financial accounts. The best way to avoid unpaid invoices is to send invoices promptly, automate reminders, and offer convenient ways to pay.

Accounting 105

Accounting Accounting Bookkeeping Budgeting 105

LedgerDocs

APRIL 4, 2023

Paperless document management allows you to upload, store, and manage your financial documents in one central location. With LedgerDocs, you can easily upload receipts, invoices, and other financial documents by scanning them or taking a picture with your smartphone. For a 14-Day FREE Trial, click here!

Bookkeeping 97

Bookkeeping Outsourced Bookkeeping Financial Records Data Entry 97

Accounting Tools

JULY 8, 2023

A voucher is an internal document describing and authorizing the payment of a liability to a supplier. A voucher is created following the receipt of an invoice from a supplier. It is stamped "paid" when a check or electronic payment is made to a supplier and is then archived, along with any supporting documents.

Accounts Payable 75

Accounts Payable Accounts Payable Purchase Order Accruals 75

Invoicera

JULY 10, 2023

To streamline this process, businesses are embracing automated invoicing, which facilitates efficient expense management while saving valuable time you would have otherwise spent on manual invoicing. You can manage your multiple invoices and clients through one centralized platform.

Invoicing 52

Invoicing Invoice Processing Budgeting Record Keeping 52

Invoicera

JULY 10, 2023

To streamline this process, businesses are embracing automated invoicing, which facilitates efficient expense management while saving valuable time you would have otherwise spent on manual invoicing. You can manage your multiple invoices and clients through one centralized platform.

Invoicing 52

Invoicing Invoice Processing Budgeting Record Keeping 52

Nanonets

SEPTEMBER 21, 2023

To effectively manage procurement and financial processes, it is crucial to understand the distinction between a  purchase order  and an  invoice. While both documents contain similar information, they serve different purposes in the purchasing process.

Purchase Order 52

Purchase Order Invoicing Financial Records Record Keeping 52

Nanonets

FEBRUARY 20, 2024

In the bustling world of business, managing accounts payable and invoice processing manually is becoming more and more challenging. The Evolution of Invoice Processing The journey of invoice processing from its traditional, manual roots to the digital frontier is a tale of technological evolution.

Invoicing 52

Invoicing Data Entry AP Invoice Processing 52

Nanonets

FEBRUARY 21, 2024

In essence, while QuickBooks provides the foundation for solid financial management, the manual processing of invoices acts as a brake on potential efficiency gains. Real-Time Data Sync with Workflow Automation : OCR and invoice scanning software today synchronize data with QuickBooks and other apps (Slack, Email, Stripe, etc.)

Invoice Processing 52

Invoice Processing Invoicing QuickBooks Data Entry 52

Nanonets

FEBRUARY 20, 2024

Yet, despite its advanced capabilities, managing accounts payable and invoice processing manually in Xero is becoming more and more challenging. The Evolution of Invoice Processing The journey of invoice processing from its traditional, manual roots to the digital frontier is a tale of technological evolution.

XERO 52

XERO Invoicing AP Data Entry 52

Invoicera

AUGUST 16, 2023

Ever Puzzled over an invoice and wondered how it all works? Invoices play a key role in business transactions, ensuring we get paid on time. You need to know the ins and outs of the invoice payment process to make the most of them. Ready to become an invoice pro? What is an invoice? You are in the right place.

Invoicing 52

Invoicing Record Keeping Reconciling Purchase Order 52

Accounting Tools

JUNE 20, 2023

Three-way matching is a payment verification technique for ensuring that a supplier invoice is valid. The purchase order states the quantity and price at which the company agrees to buy the goods or services stated on the supplier's invoice. Related Courses Optimal Accounting for Payables Payables Management What is Three-Way Matching?

Purchase Order 76

Purchase Order Accounts Payable Accounts Payable Invoicing 76