oAppsNet

DECEMBER 10, 2024

In vendor fraud, a fraudster may set up a fake vendor account to submit fraudulent invoices. Alternatively, they might collude with an existing vendor to submit inflated invoices or bills for goods and services that were never delivered. Invoice Fraud Invoice fraud occurs when fraudulent or altered invoices are submitted for payment.

Accounts Payable

Counto

NOVEMBER 10, 2024

Documentation and Record-Keeping Proper documentation and record-keeping are essential for GST compliance: Invoices and Receipts : Keep all invoices, receipts, and records of taxable transactions. This invoice must be kept for filing GST returns and to claim the input GST.

Record Keeping

oAppsNet

DECEMBER 31, 2024

This can involve unauthorized payments, false invoices, duplicate payments, or kickbacks. Fraudsters may create fake vendors to submit false invoices and siphon funds. Fraudsters may submit multiple invoices for the same service or product, hoping the organizations internal controls miss the duplicate transaction.

Accounts Payable

oAppsNet

DECEMBER 17, 2024

Gather Relevant Documents Collect all the necessary documents required for the audit, including vendor invoices, purchase orders, payment records, contracts, and approval documents. Access Controls : Verify that only authorized personnel can access the AP system and financial records.

AP

Counto

NOVEMBER 10, 2024

Example: Keeping all receipts and invoices for equipment purchases and renovations can ensure you can support claims under the capital allowances and renovation schemes. What to track: Maintain a well-organised filing system for receipts, invoices, and other financial documents to back up your claims.

Tax

Counto

JANUARY 9, 2025

Record Keeping : It’s important to keep track of all your invoices for digital services that include GST. These records will be necessary when filing your GST returns and claiming input tax credits. This ensures that the tax doesnt unnecessarily eat into your profits.

Tax

Nanonets

NOVEMBER 18, 2024

Pre-built extractors : Provides specialized tools for documents like invoices , receipts, purchase orders, bank statements, and more. Veryfi Veryfi is an AI-driven document and receipt scanning solution designed to automate data extraction from receipts , invoices, and other financial documents. Why choose Veryfi over others?

Invoicing

Counto

NOVEMBER 3, 2024

Cash Basis Accounting Here, transactions are recorded only when cash changes hands, often resulting in delayed or misleading financial statements that do not account for unpaid invoices or future liabilities. Although simpler, this method lacks essential details that can create issues in the future.

Accruals

Counto

FEBRUARY 22, 2025

Clear Payment Terms: Set clear payment terms and actively follow up on outstanding invoices. Automation Tools: Implement automated invoicing and payment tracking to streamline financial operations and ensure steady cash flow. Poor record-keeping, lack of budgeting, and financial missteps can jeopardise business operations.

Record Keeping

AvidXchange

FEBRUARY 7, 2025

Using accounting APIs in your organization can help your finance and accounting teams work more efficiently, improve accuracy, and enable better reporting and record-keeping. For example, an API between your AP software and accounting system may allow your team to see pending invoices and project monthly spending more accurately.

Accounting

Gaviti

MAY 18, 2025

Regulatory Compliance: Evolving regulations around debt collection practices require meticulous documentation and consistent application of policiesareas where AI excels through standardization and detailed record-keeping. Mitigating Risk: There is no shortage of things that can go wrong when it comes ot A/R.

Collections

Counto

FEBRUARY 22, 2025

Digital accounting tools assist with invoicing, expense tracking, and reconciliation, providing real-time financial insights. Maintain Detailed Financial Records Keeping meticulous records of all business transactions is essential for tax filing and compliance with Singapore’s Inland Revenue Authority (IRAS) regulations.

Budgeting

Accounting Today

JULY 22, 2025

Sovos ( [link] ): Part 2 of the blog series with KPMG continues to look at global e-invoicing. Commissioner provides a stark reminder of the record-keeping required to preserve these deductions. No more: a look at sales tax and streaming services. Taxjar ( [link] ): Why manual sales tax tools dont always scale.

Corporation Tax

CapActix

FEBRUARY 7, 2025

The list of documents that are often misplaced by companies are receipts, bank statements, and invoices, causing confusion during tax season. The Solution You must start by maintaining a digital or physical record-keeping or bookkeeping system if you are not using professional services for bookkeeping.

Tax

Counto

MARCH 23, 2025

Accurate Record-Keeping Consistent tracking of income, expenses, and transactions provides a reliable overview of your financial position. Automation of Routine Tasks Automated invoicing, expense tracking, and bank reconciliations save time and reduce errors.

Accounting

Invoicera

FEBRUARY 19, 2025

Integration with Banks & Accounting Tools Ensure the software integrates with your bank accounts and accounting tools to keep records synced and reduce data entry. Receipt Scanning & Digital Storage Opt for software that allows receipt scanning and securely stores them digitally, making record-keeping easy and organized.

Budgeting

Jetpack Workflow

JUNE 19, 2025

Processing accounts receivable including sending out invoices and statements as needed. Our work consists of recording keeping, and we do not provide any auditing or fraud detection. Additionally, we will follow up monthly with your clients who have outstanding balances. We look forward to working with you.

Bookkeeping

Invoicera

JANUARY 19, 2025

With a number of invoices, pending payments, and a lot of reconciliations, it can really stress you more than anything else. Companies in this region have already begun to reap benefits with timely invoice processing, enhanced cash flow and reduced errors. It is expected to grow at a rapid CAGR of 12.9% from 2024 to 2030.

Accounts Receivable

Counto

MARCH 23, 2025

Key Strategies for Optimising GST Recovery: Track and document your purchases: Keep detailed records of all invoices for purchases made during the expansion. Ensure your vendors are GST-registered: Only businesses that are GST-registered can issue invoices with GST, which you can then claim back.

Invoicing

Counto

MARCH 6, 2025

Mental overload Struggling to decide due to too many competing demands, particularly in managing cash flow, invoices, and regulatory deadlines. Quick tasks like recording an expense, sending an invoice, or approving payroll can pile up if left undone.

Financial Records

Outsourced Bookeeping

JULY 24, 2025

It handles rent invoicing, expense tracking, lease updates, and tenant communication. This is crucial in the United States of America, where tax norms and record-keeping standards are strict. So, instead of managing paperwork, you manage results. It standardises entries and checks figures. Taxes are calculated automatically.

Accounting Software

Remote Quality Bookkeeping

AUGUST 5, 2025

Late payments and unpaid invoices can increase financial stress when income slows. Organized systems for invoicing, banking, and digital record-keeping ensure that financial data remains accurate and easily accessible throughout the year. Revenue peaks during short windows, then drops sharply in the off-season.

Bookkeeping

Nanonets

NOVEMBER 13, 2024

  Nanonets process complex unstructured documents such as invoices , receipts, purchase orders , contracts, claims, and forms , converting them into structured output quickly and efficiently. Best features of Nanonets AI-powered extraction from invoices, receipts , and contracts with high accuracy. Customer Service (out of 10) 9.1

Customer Service

CapActix

MAY 8, 2025

As a result, they are not bogged down by financial record-keeping tasks. The professional bookkeeping services cover everything from record keeping, bank reconciliations, and payroll management to tax preparation, financial reporting, and audit support. However, it is not limited to small and medium scale businesses.

Bookkeeping Services

NextProcess

MAY 16, 2025

Many people worry that digital record-keeping makes private information more vulnerable, but the reality is that software implementation often improves data security. Here at NextProcess, our HIPAA-compliant intake process and software platforms allow you to process invoices without fear of compromising PHI.

Data Entry

Xero

JULY 17, 2022

Pristine record keeping makes life easier for you – and your advisor. Give invoicing and billing a refresh. Managing invoices and bills is essential to running a business. So if you’re part of the 90 per cent of Australian small businesses that still send PDF or paper invoices, it’s time to get on board.

XERO

Xero

JULY 20, 2022

Along with helping sole traders streamline the manual, time-consuming elements of online accounting while being self-employed, Xero Go will empower them with the tools they need to meet digital record keeping requirements as part of the upcoming overhaul of the UK tax system: Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). .

XERO

Outsourced Bookeeping

JUNE 22, 2023

In this piece, we delve into the significance of proper record-keeping for tax-related reasons and discuss the optimal techniques to achieve it. By adhering to effective record-keeping procedures, companies can enhance their tax strategy, guarantee precise monetary recording, and simplify their billing and payment services.

Record Keeping

Counto

JANUARY 10, 2024

Record Keeping Requirements for New Businesses in Singapore For new businesses in Singapore, proper record-keeping is not just a good practice—it’s a legal requirement. What Records Must Be Kept? Refer to this Record Keeping Checklist for a list of the different types of records required.

Record Keeping

Bookkeeping Express

JULY 26, 2023

Among the various financial practices, record-keeping stands out as a fundamental aspect that cannot be overlooked. Accurate and consistent record-keeping is the backbone of any successful business, providing vital insights, facilitating compliance, aiding in decision-making, and fostering growth.

Record Keeping

Cevinio

OCTOBER 31, 2023

The advantages of electronic invoicing for accounts payable Governments around the world continue to encourage digitization and push companies towards adopting financial technologies such as electronic invoicing, or e-invoicing. What is an e-invoice? What is e-invoicing or electronic invoicing?

Accounts Payable

Invoicera

JANUARY 2, 2024

Introduction Have you ever been overwhelmed by stacks of paperwork, especially when sorting through invoices? Picture this: reducing your time on invoicing, eliminating manual/human errors, and getting your payments quicker. Statistics show businesses waste an average of 21 hours every week on manual invoicing processes.

Invoicing

Invoicera

DECEMBER 26, 2023

Introduction Do you know that having the right invoicing software can make a big difference for your business? That’s why it’s essential to pick the right invoicing software. What would make sending invoices and getting paid easier? What would make sending invoices and getting paid easier? That’s a lot!

Invoicing

Xero

SEPTEMBER 7, 2022

This feature helps your clients capture accurate employee timesheets, save time on manual processes for a faster pay run, and support timesheet record-keeping requirements. We also showcased our recently-added start, end and break times functionality in the Xero Me app. Managing Australian payroll in the digital economy.

XERO

Ontrack Bookkeeping

APRIL 28, 2024

Contractor paperwork documentation and procedures If you haven’t already, you should develop documentation and record keeping procedures that are appropriate for your contracting operation or service. This is not only a mark of professionalism but can also help you if you have an insurance or legal claim to deal with.

Record Keeping

Invoicera

MARCH 23, 2024

Invoices play an important role in completing the transactions between two businesses. The market share of online invoices is 20.4%, and it is expected to grow by 80% in 2027. There are two types of invoices: proforma and commercial. If a wrong invoice is chosen, the whole transactional process will be delayed.

Invoicing

Invoicera

JUNE 19, 2023

Invoices are vital to any business transaction as they record the products or services delivered, the payment due, and the payment terms. As a business owner or freelancer, it is crucial to understand the Different types of invoices Their purpose The essential elements that must be included To ensure timely payment and avoid disputes.

Invoicing