Nanonets

SEPTEMBER 22, 2023

It is considered an asset and is recorded in the company's ledger until payment is received. Accounts payable  and  accounts receivable  are both recorded in a company's general ledger as liability and asset accounts, respectively. What is Accounts Payable? What is Accounts Receivable?

Accounts Payable 52

Accounts Payable Accounts Payable General Ledger Account Receivables 52

Nanonets

MARCH 15, 2024

The need for AI in Accounting In traditional accounting operations, companies often rely on manual processes, extensive paperwork, and repetitive tasks to handle their payables function. However, these processes involve spending time (and money). The good news? AI can be trained equally well too!

Data Entry 59

Data Entry Accounting Accounting General Ledger 59

Nanonets

SEPTEMBER 1, 2023

The need for AI in Accounting In traditional accounting operations, companies often rely on manual processes, extensive paperwork, and repetitive tasks to handle their accounting function. The tasks listed above are all manual - someone needs to look at the actual data on the invoice and confirm that it is correct before proceeding further.

AP 52

AP Accounting Accounting General Ledger 52

Nanonets

JUNE 7, 2023

The need for AI in Accounts Payable In traditional AP operations, companies often rely on manual processes, extensive paperwork, and repetitive tasks to handle their payables function. However, these processes involve spending time (and money). The good news? AI can be trained equally well too!

Accounts Payable 52

Accounts Payable Accounts Payable AP General Ledger 52

Billing Platform

FEBRUARY 17, 2023

Continuing on its upwards trajectory, the global market value of the subscription economy reached $292 billion in 2022 – up from $224 billion in 2021. 1) Billing automation While subscription management software features like automation may sound like a given, you need the ability to automate more than just the invoicing process.

Billing 52

Billing General Ledger Invoicing Financial Reporting 52