AvidXchange

DECEMBER 20, 2024

The 1099-NEC form replaced a section ofthe 1099-MISCform in 2020 for non-employee compensation, according to TurboTax. Improved Data Accuracy AP automation can reduce manual data entry errors by automatically extracting payment details and vendor information. What is the 1099-NEC Form?

AP 52

AP Data Entry Accounts Payable Accounts Payable 52

Nanonets

MAY 7, 2023

Billion in 2020 only for North American regions. It's important to reconcile your credit card statements because it helps you make sure that: When it arrives, you have enough money in your checking account to pay the amount due on your statement. Why is reconciling credit cards difficult? You can download it as an excel.

Bank Reconciliation 52

Bank Reconciliation General Ledger Reconciling Accounts Receivable 52

AvidXchange

SEPTEMBER 29, 2021

Companies need to pay employees, for example, to produce, upload and reconcile ACH payment files. More than 80 percent of organizations reported being targets of an attempted or actual payments fraud attack in 2020, the second highest percentage on record since 2009. Sounds simple. And it usually is. Don’t buy into that.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Nanonets

NOVEMBER 9, 2023

A 2020 McKinsey survey found that automation reduced costs by 10-15% and cut order processing time from 2-3 days to 1-2 hours. How does order entry automation work? Order entry automation combines OCR, AI, APIs and integrations, and predefined workflows to automate the entire order entry process.

Data Entry 59

Data Entry Invoicing Customer Service Purchase Order 59

AvidXchange

AUGUST 31, 2020

In 2020, the accounts payable profession continues to gain momentum and impact business operations and results in an increasingly strategic way. This includes the check stock, envelopes, stamps and the time consumed with writing, mailing, collecting and reconciling payments. What does is invoice coding and data entry.

Accounts Payable 40

Accounts Payable Accounts Payable AP Invoicing 40

Nanonets

APRIL 16, 2023

MS-Word documents), data entry files (e.g., MS-Word documents), data entry files (e.g., MS-Excel files), structured XML documents from Electronic Data Interchange (EDI), PDFs and image files, and sometimes as hard copy documents.

Purchase Order 52

Purchase Order Accounts Payable Accounts Payable Invoicing 52

Nanonets

FEBRUARY 14, 2024

Regular Reconciliation: At month-end, reconcile the accounts payable to ensure that all purchases, including the office supplies, are accurately accounted for and that the payment liabilities are clear. The accounts payable and office supplies expense accounts are updated accordingly without manual data entry.

General Ledger 52

General Ledger Accounts Payable Accounts Payable Accounting Software 52