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How to turn your New Year’s resolutions into solutions with apps

Xero

Apps that connect to Xero can help small businesses spend more time on what matters by automating processes like filing documents, reconciling expenses, tracking project costs and even managing employees. With apps, you may even find you have better visibility over your business and improved accuracy.

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Best DocuClipper Alternatives for Document Processing

Nanonets

DocuClipper is an OCR-powered financial document processing tool that converts bank statements, credit card statements, invoices, receipts, and brokerage statements into Excel, CSV, or accounting software-ready formats. Hubdoc Automated document fetching & archiving No Yes Automated fetching, Xero integration Xero/QBO users 4.3

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Hubdoc can now detect credit notes automatically

Xero

Hubdoc is one of our most advanced tools to capture bills and receipts, get the data into Xero and easily reconcile the transaction. Today, we’re excited to share that Hubdoc will now use machine learning to identify when a document may be a credit note and flag it to you for review. How credit note detection works.

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15 Accounting Innovations for Every Accountant

Intuit

From categorizing expenses to reconciling accounts and forecasting trends, artificial intelligence does the heavy lifting at scale and without human error. They want secure, easy access to their documents—anytime, anywhere. Everything can be handled securely and efficiently online, from engagement letters to document uploads.

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How to reconcile an account

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook When you reconcile an account, you are proving that the transactions that sum to the ending account balance for the account are correct. There are two ways to reconcile an account, which are noted below.

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How to reconcile accounts payable

Accounting Tools

However, once all errors have been spotted and corrections made, it is usually relatively easy to update the reconciliation document in subsequent reporting periods. If these numbers do not match, you will have to reconcile earlier periods before attempting to reconcile the current period.

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How to reconcile a bank statement

Accounting Tools

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Reconciling a bank statement involves comparing the bank's records of checking account activity with your own records of activity for the same account. To reconcile a bank statement, follow the steps noted below. If so, adjust your record of the deposit.