Gaviti

JANUARY 24, 2023

At Gaviti we are always looking for ways to improve our platform and provide our users with the tools they need to manage their accounts and optimize their collections efforts. That’s why we are excited to announce the addition of several new metrics to the collections dashboard.

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Invoicera

APRIL 10, 2024

Introduction Are you having trouble managing regional invoicing rules for your business? In this article, we’ll discuss regional invoicing rules and best practices for businesses to manage internal invoicing. Still, you should adhere to the invoicing rules of a client’s country of origin.

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Outsourced Bookeeping

JUNE 19, 2023

One of the most significant elements of managing a successful business is effective invoice handling. Many companies use QuickBooks , a well-known accounting programme that provides an array of tools to simplify invoice administration, to address these issues.

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Invoicera

NOVEMBER 23, 2023

From expense tracking and reporting to invoice generation , this tool provides businesses with a one-stop solution for managing expenses efficiently. Automation Capabilities: Automate recurring invoices and payments, saving time and reducing errors. It can lead to better job satisfaction and better morale.

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Xero

DECEMBER 1, 2022

Recent research by our partner Airwallex shows that 70% of UK SMEs plan to expand into foreign markets in 2023. You can use it to: Send invoices, quotes and purchase orders. Collect, hold and send funds from your account while avoiding FX fees. . Receive bills and payments. Set up foreign exchange bank accounts and bank feeds.

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XERO Reconciling Purchase Order Invoicing 216

Gaviti

FEBRUARY 13, 2023

While your company may do a good job collecting the money that is owed to you, the time it takes to collect along with the effort you have to put in can greatly impact your company’s efficiency. Looking to collect your payments sooner rather than later? Offer some kind of incentive or reinforcement for early invoice payments.

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Gaviti

FEBRUARY 6, 2023

And with the proliferation of AI and machine learning tools in the digital landscape, 2023 is the perfect time for accounts receivable (AR) teams to examine their processes and find areas for improvement through better technologies, tactics, and process management.

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Gaviti

OCTOBER 23, 2023

From cash flow issues to inefficient payment processes and the inability to choose from a variety of payment methods, B2B companies face a number of challenges with regards to the timely payments of invoices. The post Top 5 Credit Bureau Companies for B2B in 2023 appeared first on Gaviti. Get a demo today.

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Budgeting Accounts Receivable Accounts Receivable Account Receivables 97

CapActix

APRIL 30, 2023

Now, you can reduce your exhaustion level by learning a few QuickBooks keyboard shortcuts such as – Ctrl+A – To display the accounts chart window Ctrl+C – To copy the selected part to the clipboard Ctrl+D – To delete anything like an invoice, transaction, check, etc. Thus, you should customize your QuickBooks as per your needs.

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Outsourced Bookeeping

OCTOBER 5, 2023

The process carried out by companies and individuals alike to reconcile both credit card statements with internal records, like your receipts, invoices, etc., The 2023 Guide to Credit Card Reconciliation Collecting Documentation: The first step would be to gather all relevant documentation. is called credit card reconciliation.

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AvidXchange

NOVEMBER 15, 2024

In fact, the United States Postal Service (USPS) issued a warning in 2023 urging Americans to stop mailing checks unless they’re dropped off inside the post office because of rising check fraud. Businesses can get paid faster with ePayments. Additionally, ePayments can be more reliable and secure, making them appealing to businesses.

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Invoicera

JULY 3, 2023

dollars by 2023, surpassing its record peak in 2019. With such a giant industry, organizations in this niche need to have reliable invoicing systems to ensure timely payments & streamlined operations. In this blog, we’ll take a closer look at: What are custom invoices? trillion U.S.

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Billing Platform

MARCH 24, 2023

The popularity of subscription management in 2023 touches virtually every industry that sells services and/or physical or software products – think coffee, snacks, makeup, shaving supplies, health and wellness, pet supplies, software-as-a-service (SaaS), device-as-a-service (DaaS) – virtually everything!

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Nanonets

JUNE 15, 2023

billion in 2023 and is set to grow to USD 16.4 In case you’re short of time, here is a quick comparison of top 5 out of 10 DMS recommendations in 2023: Top 5 Document Management Software in 2023 What is document management? Top 10 Document Management Software in 2023 #1. And it’s growing fast.

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Counto

FEBRUARY 5, 2024

The GST rate for transactions spanning a rate hike is determined by the payment date or the date of services performed/goods delivered, rather than the invoice date (or posting date in the respect of a reverse charge). For goods imported into Singapore on or after 1st January 2024, the Singapore Customs will collect GST at the new rate of 9%.

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Nanonets

APRIL 4, 2023

Input The first phase of mailroom automation involves the collection of incoming documents captured through various input channels, including mail, email, mobile, and MFPs. When data is not readily available, you cannot act fast, whether we talk about dealing with a complaining customer or processing a vendor’s invoice.

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Billing Platform

FEBRUARY 17, 2023

What does 2023 hold in store for subscription-based organizations? According to consumer surveys , the competitive nature of the industry will be at an all-time high in 2023. This type of software automates repetitive tasks such as generating invoices for the subscription plans offered and billing frequency selected by the subscriber.

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Nanonets

JUNE 22, 2023

One important aspect of financial management is invoice reconciliation. Whether you are a small business or a large enterprise, reconciling invoices is an essential process to ensure accuracy, identify discrepancies, and maintain strong financial controls. What is invoice reconciliation? Why is invoice reconciliation Important?

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AvidXchange

DECEMBER 4, 2023

Businesses prefer RTPs because they accelerate cash flow and reduce the administrative burden of collecting and reconciling payments. How Do Real-Time Payments Work? We found that 49% of organizations used real-time payments to pay suppliers and vendors in 2023. It launched in July 2023.

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MineralTree

NOVEMBER 30, 2023

This has been a major hurdle for finance departments in 2023 because many employees have switched jobs and careers due to the Great Resignation. Inflation Inflation and interest rates skyrocketed in 2023, placing additional pressure on finance departments to expand efficiency across their operations.

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NextProcess

OCTOBER 8, 2023

This makes it very difficult to track all the purchases across a company and match POs to invoices. When you digitize and automate procurement, you’re also digitizing and automating data collection. The software makes it simple to follow up with suppliers about missing invoices or order errors. This data is easy to access.

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Xero

JANUARY 22, 2023

For instance, suppliers to the public sector agencies in Australia are required to spend significant time getting set up on e-invoicing systems, for no easily apparent added benefit to the business. Sending out invoices generated in Word or Excel makes it harder to get at these valuable insights.

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XERO Payroll Invoicing Accounts Payable 223

Jetpack Workflow

FEBRUARY 23, 2023

It links different apps, such as invoicing tools, expense tracking software, and financial dashboards, to automate tasks like creating invoices, reconciling accounts, managing payroll and project deadlines, and much more. Two popular invoice automation systems for accounting firms are Zoho Invoice and FreshBooks.

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Nanonets

MAY 10, 2023

Do you also have multiple tabs open while collecting data for analysis before an important meeting? Data entry software facilitates the processing of invoices, completes time-intensive workflows, and generates sales orders. Top data entry software for advanced automation in 2023 #1. In that case, convert, edit, and save.

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Nanonets

MARCH 20, 2023

The AP process begins with the receipt of the invoice, passes through various levels of categorization, coding, data matching , and approvals, and ends with the payment of the invoice. Each AP person in the world, on average, is responsible for 139 faulty invoices every year , which can be avoided with the use of AP software.

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Xero

OCTOBER 25, 2022

And, in April 2023, he will run the London Marathon for another fantastic cause – Mind , a charity that provide s free mental health information, advice and support to those who need it most. . Of the features used most by EOG Accounting, Rhys highlights repeating invoices and collecting monthly subscriptions through GoCardless. .

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Counto

SEPTEMBER 12, 2024

Standard GST Rate Current Rate: Employment agencies must charge GST at the standard rate of 8% until December 31, 2023. Keeping Accurate Records Documentation Requirements: To claim input tax, agencies must maintain detailed records such as invoices and receipts that clearly show the GST amount charged. GST on Services Provided 2.1.

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Nanonets

JUNE 15, 2023

Documents come in a myriad of forms such as emails, memos, contracts, invoices, reports, and more. ', had an elaborate manual process for handling accounts payable, especially when it came to invoice and Purchase Order (PO) matching. In some instances, invoices were emailed and then printed out for further processing.

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Xero

SEPTEMBER 1, 2022

Sometimes, there’s a discrepancy between what is received from the bank and the amount on the customer’s bill or invoice. From January 2023, you’ll need to report parental leave and workers’ compensation separately in Xero Payroll. Use GoCardless Instant Bank Pay to collect one-off payments — UK.

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XERO Payroll Data Entry Tax 204

Nanonets

AUGUST 20, 2023

  Nanonets scans and interprets documents to find and collect data in context. Extract data from invoices, identity cards or any document on autopilot! Nanonets integrates with Blue Prism, read our blog on Invoice processing using Blue Prism RPA to find out more.  Want to automate repetitive manual tasks?

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Data Entry Customer Service Billing Collections 52

Nanonets

JUNE 29, 2023

It provides businesses with a centralized platform to capture, categorize, and monitor various types of expenses, such as travel expenses, employee reimbursements, vendor invoices, and more. Nanonets reads transaction information from any source, updates the invoice, and posts to your ERP.

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Less Accounting

DECEMBER 1, 2023

Wrap 2023 Up in a Bow: Here's Your Year-End Accounting Checklist As you wrap up gifts for loved ones, you might be considering what else needs to be done to wrap up your business for the year. The best way to avoid unpaid invoices is to send invoices promptly, automate reminders, and offer convenient ways to pay.

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Billing Platform

AUGUST 14, 2023

It’s estimated that in 2023 IoT devices will increase to 14.4 Doing this requires turning the raw data you collect into intelligent insights. Are invoices a source of friction between the company and your customers? Devices & Data Will Only Increase Business opportunities don’t end there. But don’t just take our word for it.

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MineralTree

MARCH 16, 2023

Despite the fact that organizations around the globe are gearing up for digital transformation , many AP teams still heavily depend upon costly and antiquated systems such as paper invoices and checks. For example, many businesses incorporate AP automation , e-invoicing, and other digital tools to quickly gain an edge over their competitors.

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Nanonets

APRIL 24, 2024

It involves comparing transaction records from various sources, such as invoices, bank statements , and payment receipts, to identify discrepancies and errors.  billion in 2023 to $3.40 Payment reconciliation is the process of verifying all payment transactions. billion by 2030, at a CAGR of 14.9% during the forecast period.  

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Invoicera

NOVEMBER 7, 2023

A report by Gartner says 75% of organizations offering services directly to clients would project subscription services by 2023. Additionally, we will introduce you to a subscription-billing software Invoicera, which can effectively help you manage the overall process of recurring invoicing. Are you ready?

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Billing Platform

MARCH 22, 2024

In fact, OpenView’s State of Usage-Based Pricing Report determined that in 2023 approximately 61% of SaaS companies adopted usage-based pricing, up from 27% in 2018. Sending timely and accurate invoices is essential for the financial health of your business. May require a significant amount of time and resources to collect needed data.

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