Remove 2020 Remove General Ledger Remove Invoicing
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Latest product news — July 2022

Xero

Update overdue bills and invoices in short-term cash flow — Global. In the weeks ahead, you’ll be able to change the planned and expected dates of overdue bills and invoices in bulk within Xero Analytics and Xero Analytics Plus. This automates more manual tasks, giving you back more time in your day. Company accounts tax.

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General Ledger (GL): Definition, Significance, Implementation

Nanonets

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health?

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What is Invoice Processing?

Nanonets

Invoice processing or bill processing is the whole gamut of operations associated with the business-end (pun unintended) of purchasing products/services from a vendor. It encompasses all the steps right from receiving a vendor’s invoice to recording the payment made after appropriate checks & approvals.

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What are GL Codes and how to assign them effectively?

Nanonets

In the world of business, keeping track of money matters is crucial, and that's where General Ledger Codes, or GL Codes, come into play. General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger.

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Credit Card Reconciliation: What It is and How to Do It?

Nanonets

Billion in 2020 only for North American regions. Credit card reconciliation is the process of matching credit card statements with receipts and invoices to ensure that all charges on the credit card are accounted for. The manual reconciliation process matches credit card statements with receipts and invoices.

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ERP Integration: How ERP Systems & AP Automation Tools Work Together

MineralTree

This is because ERPs function as the business’ system of record and store information regarding sales, the general ledger, accounts receivable, accounts payable, and forecasting. Better AP Analytics Teams have historically not been able to use invoice data until it’s been posted to their ERP.

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8 Benefits of Flexible Billing System Architecture

Billing Platform

Billing Engine This component generates invoices based on the charges calculated by the Revenue Engine. Taking it a step further, it calculates price based on a combination of factors, which is then used by billing to create customer invoices. Generate New Revenue Streams. billion devices recorded in 2020.

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