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 Deposits Invoicing Computation 52

Cloud Accounting Podcast

JULY 7, 2020

I've got follow up on Wirecard, the Ernst & Young audit that apparently did not detect $2 billion in money that was missing. David Leary: [00:04:18] I've got some Wirecard, as well. Blake Oliver: [00:04:19] IRS news, appropriate for Tax Day coming up. Did you know you could be using Synder to automatically do this for you?

Tax 40

Tax Auditing Deposits Accounting 40

AvidXchange

JANUARY 4, 2018

Nearly 75% of companies were targeted in 2016. The advancement of treasury systems will also ease the auditing process with reports, data, and easy tracking of all accounts. Real-time payments are generally deposited immediately. The statistics of the B2B payment methods are alarming.

Budgeting 40

Budgeting Deposits Reconciling Accounts Payable 40

Cloud Accounting Podcast

AUGUST 11, 2020

Blake Oliver: [00:21:59] So, all this real-time deposits thing is getting bigger and bigger because we were just talking about this last episode. They were taken private by Apollo Global Management in 2016 - a deal valued at $4.3 They started at $21 on Tuesday, and they fell down to $16.85 on Wednesday.

QuickBooks 40

QuickBooks Microsoft Excel Billing Payroll 40

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

JUNE 23, 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. I [00:35:00] don't know the audit process.

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

MAY 18, 2020

What he did, is he- somewhere along the line, he crossed the line, and he rerouted payroll direct deposit money that was supposed to go into employees' bank accounts, and the money to pay taxes. David Leary: [00:25:01] I mean, the trouble here is you have to have the cash to deposit in people's accounts. That's what I'm not following.

Payroll 40

Payroll Billing Deposits Accounting 40