article thumbnail

Why are Real Estate Firms Turning to AP Automation to Weather a Potential Recession?

AvidXchange

When the 2008 financial crisis struck, real estate management firms were largely operating as they had been for decades. Bills for services and supplies are sent to individual buildings and property managers must make sense of them, reconciling what was billed with what was ordered and actually delivered.

AP 52
article thumbnail

Tax Day is July 15. Still

Cloud Accounting Podcast

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get the income, and fees recorded correctly so the deposit amounts match the bank statement, so you can reconcile. Blake Oliver: [00:29:11] Right.

Tax 40
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is PPP Failing? We Get Answers from the AICPA

Cloud Accounting Podcast

Then, slightly more- the remainder of that, more than the folks who got the money, said they had their applications rejected. [00:11:18] I can't reconcile that number of five percent or so to anything official from the SBA, or from the administration, except for a few posts that came out. We learned this in the 2008 stimulus package.

Payroll 40
article thumbnail

Coronavirus is Faster Than the Stimulus

Cloud Accounting Podcast

David Leary: [00:13:21] I was listening to a podcast with somebody who worked in the 2008 banking crisis, and he was in charge of rolling out the stimulus money for that. David Leary: [00:33:00] Not even then because it wasn't fully reconciled, because I was like, oh, she's in New York. There's not an easy way to do it.

Payroll 40