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General Ledger (GL): Definition, Significance, Implementation

Nanonets

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health?

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Understanding Accounts Payable vs Receivable: A Simple Guide

Nanonets

It is considered an asset and is recorded in the company's ledger until payment is received. Accounts payable  and  accounts receivable  are both recorded in a company's general ledger as liability and asset accounts, respectively. What is Accounts Payable?

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Top Tipalti competitors and alternatives for AP automation

Nanonets

For advanced tiers, you may require consultation with account managers to determine your actual costs. Nanonets’ pricing tiers: Starter ($49 monthly per user OR $199 monthly for 5+ users): Processes up to 30 invoices monthly, including vendor management, standard ERP sync, and payment via bank transfer or credit card.

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Nanonets vs Tipalti: Which AP automation is best?

Nanonets

The platform provides a user-friendly interface and guided onboarding to help businesses optimize their AP processes, save time, reduce errors, and improve financial control. Tipalti is an automation platform that provides a comprehensive suite of solutions to help businesses streamline their financial operations.

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Nanonets vs. Tipalti: Which AP automation is best?

Nanonets

The platform provides a user-friendly interface and guided onboarding to help businesses optimize their AP processes, save time, reduce errors, and improve financial control. Tipalti is an automation platform that provides a comprehensive suite of solutions to help businesses streamline their financial operations.

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The top 15 spend management software in 2023

Nanonets

Features: Flexible intake and approval workflows, Seamless integration with other business systems and with general ledgers, Creation of rules that reflect the company’s specific policies Record keeping of every dollar spent Easy retrieval of documentation for auditing or booking purposes.