Accounting Tools

JULY 30, 2023

As another example, inquiries can be made with management and third parties to see if the client has additional obligations that have not been recognized in the financial statements. For example, inquiries can be made to see if inventory is actually owned by the client, or if it is instead being held on consignment from a third party.

Auditing 75

Auditing Financial Statements Invoicing Accounting 75

MineralTree

JANUARY 25, 2024

Vendor relationships and payment inquiries drive payment automation adoption Critical supply chain disruptions in the last two years placed increased focus on strategic vendor relationships, which are only growing in importance. AP teams are prime targets for these scams because of their access to sensitive payment account details.

Accounts Payable 69

Accounts Payable Accounts Payable AP Accounting 69

Accounting Tools

APRIL 14, 2023

A positive confirmation is an inquiry made by an auditor to a third party that requires a response. The inquiry is in regard to whether the third party's records match those that the auditor is examining. Even if there is a match, with no exceptions, the auditor still requests a response.

Auditing 40

Auditing 40

Nanonets

NOVEMBER 22, 2023

This approach efficiently addresses common inquiries like FAQs, confirms email receipts, and provides information such as business hours. This is particularly useful for common inquiries or when you are away from your inbox, allowing you to focus on other tasks without leaving emails unacknowledged.

QuickBooks 52

QuickBooks Invoicing Customer Service Record Keeping 52

Nanonets

NOVEMBER 23, 2023

For Repetitive Tasks and Common Inquiries Automating responses for repetitive tasks is a smart way to handle emails efficiently. Dealing with Unique or Custom Inquiries Some emails require unique responses that automated systems cannot provide. "how to reset a password? Here's an overview of the benefits they offer: 1.

QuickBooks 59

QuickBooks Invoicing Customer Service Record Keeping 59

Accounting Tools

OCTOBER 6, 2023

A better alternative for the buyer is to make inquiries about any invoices that are listed on the statement, and obtain more detailed information before issuing a payment.

Invoicing 76

Invoicing Billing Collections Bookkeeping 76

Counto

MARCH 19, 2024

Proper record-keeping is crucial for accurate tax reporting and to navigate audits or inquiries by the Inland Revenue Authority of Singapore (IRAS). Record Keeping Maintain meticulous financial records, including income statements, receipts, invoices, and expense records.

Record Keeping 52

Record Keeping Financial Records Accruals Corporation Tax 52

Jetpack Workflow

MARCH 14, 2024

He has instilled a culture of relentless focus on customer service, ensuring that his team responds to client inquiries with impressive speed and efficiency. Cirrus Payroll prides itself on an average response time of about 20 minutes to client inquiries, a stark improvement over the days-long waits some clients endure with larger providers.

Payroll 59

Payroll Customer Service Bookkeeping Accounting 59

Accounting Tools

JULY 30, 2023

Another benefit is easy access to information for compliance audits , regulatory audits, and lawsuit-related inquiries. By engaging in records management, a business will experience smoother business processes that are not delayed by missing documents. Related Articles Financial Records Incomplete Records Internal Document

Financial Records 40

Financial Records Auditing Record Keeping 40

Intuit

MARCH 21, 2023

It helped him and Ria understand the difference between hard and soft credit inquiries and the importance of keeping credit card usage to no more than 30%. When apartment rental managers said they would run a credit check, he had no idea what they meant. Learning to use financial products like Credit Karma from Intuit was a game-changer.

Tax 130

Tax 130

MineralTree

MAY 4, 2023

How to Respond to Vendor Inquiries with AP Automation & Payment Services Not having enough time is the bane of every AP team. On top of all this, vendor inquiries continually interrupt AP teams throughout the day. On the flip side, payment inquiries are also a sore spot for suppliers. But it doesn’t have to be that way.

AP 82

AP Invoicing Invoice Processing Reconciling 82

AvidXchange

SEPTEMBER 1, 2023

The already lean team spent significant time fielding inquiries from suppliers on the status of payments. Visibility across credit card acceptors was also an issue as the finance team would mark something as paid, but the vendor may have not yet charged the card.

AP 52

AP Accounting Accounting Accounts Payable 52

Accounting Tools

JULY 16, 2023

It is extremely easy to locate information pertinent to an accounting inquiry in the general ledger, which makes it the primary source of accounting information. The source may be a subsidiary ledger, such as the sales journal or cash disbursements journal , or it may be a journal entry.

General Ledger 40

General Ledger Bookkeeping Reconciling Financial Statements 40

MineralTree

NOVEMBER 17, 2022

This process is costly and creates payment delays, increasing vendor inquiries and further burdening AP staff. More time spent responding to inquiries. Retail AP teams are getting more bogged down addressing vendor inquiries, with 18.07% spending 11-20 hours each month, about ten percentage points higher than non-retailers (8.63%).

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Cloud Accounting Podcast

JANUARY 19, 2024

[link] Plans to legislate for resolution of Post Office accounting scandal [link] Post Office under criminal investigation for potential fraud over Horizon scandal [link] Some 86 people have seen their convictions for false accounting and theft overturned [link] UK police launch fraud inquiry over post office IT scandal [link] How the Post (..)

CPA 60

CPA Auditing Computation Accounting Software 60

Accounting Tools

APRIL 26, 2023

In a review engagement, the auditor conducts analytical procedures and makes inquiries to ascertain whether the information contained within the financial statements is correct. The result is a limited level of assurance that the financial statements being presented do not require any material modifications.

Auditing 76

Auditing Financial Statements Accounting Accounting 76

Xero

DECEMBER 13, 2023

The ability for chatbots to have real-time conversations in any language to customers 24/7 and perform certain tasks at their request will unlock new opportunities for small businesses looking to handle customer inquiries or expand into new markets.

XERO 217

XERO Computation Billing Financial Services 217

oAppsNet

APRIL 5, 2024

By giving suppliers real-time visibility into payment status and transaction history, AP departments can improve transparency and trust, reducing inquiries and disputes. Collaboration platforms enable seamless communication, document sharing, and dispute resolution between AP departments and suppliers.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Accounting Tools

APRIL 27, 2023

This involves such tasks as making inquiries with management about the purpose of the supplementary information, understanding how the information was prepared, and reconciling it to the underlying records.

Financial Statements 40

Financial Statements Reconciling 40

Accounting Tools

NOVEMBER 8, 2023

The bank balance can also be derived at any time when an inquiry is made regarding the bank's record of the cash balance in an account. Related Courses Bank Reconciliation Essentials How to Audit Cash Optimal Accounting for Cash What is a Bank Balance?

Bank Reconciliation 40

Bank Reconciliation Deposits Auditing Accounting 40

AvidXchange

JANUARY 17, 2024

Customer Service AI-powered chatbots and virtual assistants can handle customer inquiries 24/7 , providing support and answering questions about accounts and transactions. These algorithms can execute trades autonomously, leveraging machine learning to optimize portfolio management. 3.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

Accounting Tools

NOVEMBER 4, 2023

Related Articles Fixed Asset Procedures The Fixed Asset Schedule The Proper Classification of Fixed Assets

Accounting Software 40

Accounting Software Auditing Tax Accounting 40

Accounting Tools

AUGUST 23, 2023

Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries. Recommend to management whether fixed assets should be disposed of. Conduct analyses related to fixed assets as requested by management. Prepare property tax returns. Represent the company during any audits by a government that involve fixed assets.

General Ledger 40

General Ledger Accounting Accounting Reconciling 40

AvidXchange

APRIL 11, 2024

select “Invoice and Payment Status Inquiry.” • The chat will send you to the AvidXchange Status Lookup Tool. The status is displayed on each summary page and additional details are available if you select a transaction. How Do I Track an Invoice Payment with AvidXchange?

Invoicing 52

Invoicing Accounting Accounting Accounts Receivable 52

Accounting Tools

SEPTEMBER 11, 2023

The auditor who conducts a review must perform analytical procedures and make inquiries of the client concerning the financial statements and accompanying footnote disclosures. A review is a reduced form of an audit that provides a reduced level of assurance regarding an entity's financial statements.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Earmark Accounting Podcast

APRIL 29, 2022

He also manages his 33-person firm without timesheets. Learn what he looks at instead of hours to manage scope creep and incentivize his team.

CPA 40

CPA Tax 40

Accounting Tools

OCTOBER 5, 2023

To fulfill these responsibilities, an IRO is involved with the formulation and release of information to outsiders, as well as with the handling of inquiries from members of the investment community.

Accounting 40

Accounting Accounting 40

LedgerDocs

APRIL 11, 2024

You want to position your guide, helping them through the process, promptly following up on inquiries and provide clear and concise information about your services and progress. In this first correspondence, you want to make sure that you are coming across as proactive, professional, and attentive to the client’s needs and concerns.

Bookkeeping 83

Bookkeeping Financial Records Collections Invoicing 83

Counto

FEBRUARY 24, 2024

Contacting IRAS: Utilise the official website or hotline for inquiries and assistance. Connecting with IRAS Individuals and businesses can interact with IRAS through various channels: myTax Portal: Accessible with SingPass ID for individuals and CorpPass ID for businesses.

Collections 52

Collections Tax Financial Reporting Accounting 52

Analytix Finance & Accounting

FEBRUARY 12, 2024

For any inquiries, feel free to email us at sales@analytix.com. The role extends beyond mere financial management, encompassing strategic decision support, risk mitigation, and continuous evaluation to adapt to the dynamic business environment.

Financial Analysis 52

Financial Analysis Accounting Accounting 52

AvidXchange

DECEMBER 19, 2023

Chatbots AI chatbots empower nonprofits by facilitating interactions with donors and beneficiaries , delivering instant, personalized responses , handling routine inquiries and streamlining communication. They enhance engagement, provide timely information and free up human resources for more strategic tasks within the organization.

Computation 52

Computation AP Accounts Payable Accounts Payable 52

AvidXchange

DECEMBER 18, 2023

Administrative Work AI virtual assistants can process routine homeowner inquiries and route them to the appropriate place. Plus, they help community association management businesses save money by reducing the need for human customer service representatives. 3.

AP 52

AP Customer Service Bookkeeping Invoicing 52

Accounting Tools

MARCH 2, 2024

The bank balance can also be derived at any time when an inquiry is made regarding the bank's record of the cash balance in an account. What is a Bank Balance? A bank balance is the ending cash balance appearing on the bank statement for a bank account. What is a Book Balance?

Bank Reconciliation 40

Bank Reconciliation Deposits Reconciling Bookkeeping 40

CapActix

MAY 8, 2023

This can help protect your firm in the event of an audit or other regulatory inquiry. It is important to maintain detailed records of all tax extension filings and communications with clients. This can help protect your firm in the event of an audit or other regulatory inquiry.

CPA 98

CPA Tax Auditing Record Keeping 98

Accounting Tools

JUNE 15, 2023

However, it is still considered a collection tool, since it may result in customer inquiries about invoices that they do not have in their records, and which they therefore would not have paid. The statement is not considered to be harassment, but rather a simple statement of account as of a point in time.

Collections 75

Collections Invoicing Accounts Receivable Accounts Receivable 75

Accounting Tools

APRIL 14, 2023

These inquiries are key to discovering the correct price at which to set a new share offering that satisfies both the investors and the owners of the entity going public.

Accounting 40

Accounting Accounting 40

MineralTree

NOVEMBER 3, 2022

In order to appease strategic vendors, firms should make sure to make timely payments and answer vendor inquiries promptly. Make sure to answer vendor inquiries and optimize your payment timings to alleviate cash flow concerns for both parties. Visibility. Communicate proactively with suppliers.

AP 52

AP Invoice Processing Invoicing Accounts Payable 52