AvidXchange

SEPTEMBER 1, 2017

Invoices must be manually created, printed, and mailed; then you wait for the customer to open the envelope, enter the invoice into his or her own system, process the invoice, print a check, and mail it to your company; then your staff has to open the envelope, deposit the check, and match the payment to the outstanding invoice.

Billing 52

Billing Invoicing Deposits Computation 52

AvidXchange

JANUARY 16, 2023

So Justin was the founder of a company called Strong Room, which we acquired back in the 2015 timeframe. And I thought, what if we could get rid of paper invoices and make it easier on the management company and create a great audit trail? I was actually in Houston last Thursday and had dinner with Justin.

AP 52

AP General Ledger Accounts Payable Accounts Payable 52

Cloud Accounting Podcast

JUNE 28, 2020

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 income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. Cash is easy to audit. They're faking their books."

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40

Cloud Accounting Podcast

MAY 26, 2020

It's amazing how fast - they only started in 2015 - like how fast they've came up to market. Direct deposit volumes are surging three times, up to 14 million customers. Thankfully, during coronavirus, all of that thought leadership about how blockchain is going to eliminate the audit profession has disappeared.

XERO 40

XERO Accounting Accounting QuickBooks 40