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Financial accounting basics

Accounting Tools

Transactions A "transaction" is a business event that has a monetary impact, such as selling goods to a customer or buying supplies from a supplier. In financial accounting, a transaction triggers the recording of information about the money involved in the event. The General Ledger The accounts are stored in the general ledger.

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How to set up NetSuite Invoice Approval Workflow?

Nanonets

NetSuite users with SuiteFlow can set up and test their workflows without programming by indicating Basic Properties and stages, conditions, and event triggers for actions with field data entry and a workflow diagram, using the NetSuite Customization menu for Workflows.    Why are NetSuite workflows so convenient? 

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Automating expense claim processing: A guide for businesses

Nanonets

According to this Global Business Travel Association report , processing an expense report for a single-night hotel stay costs an average of $58 and takes 20 minutes! No matter how stellar your business model is or how great your sales numbers are, leaky expense claim processes can be a slow, silent killer for your finances.

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45 Business Expense Categories for Businesses and Startups

Nanonets

Casualty and Theft Losses : Losses from theft, vandalism, fire, storm, or similar events. Document Everything : Maintain meticulous records of all expenses, including receipts and invoices. Documentation is crucial for substantiating deductions and can be invaluable in the event of an audit. Fully deductible.

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Choosing The Best Online Invoice Generator: A Comprehensive Comparison Guide

Invoicera

Beyond Invoicing: Additional Features in Invoicera While Invoicera shines in invoice generation, it offers a comprehensive suite of features to manage your entire financial workflow: Expense Reports: Simplify the tracking of expenses by taking receipts in and creating reports for easy expense management.

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Interview: Year-End Best Practices in a Paper-Based Process with Bill Schiffli

AvidXchange

This live event, Tips & Tricks to Prepare for Year-End Close , will take place on September 21 at our new corporate campus located at the AvidXchange Music Factory. In preparation for the event, we sat down with panelist Bill Schiffli, Partner at Scale Finance, LLC. , Roll forward fixed assets: prepaid, expense accruals, etc.

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