LedgerDocs

FEBRUARY 25, 2025

Tax season 2025 is fast approaching, and for bookkeepers and accountants, staying on top of the important corporate tax deadlines is the key to completing smooth filings for their clients. Example: If your fiscal year ends on December 31, 2024, your T2 is due by June 30, 2025. January payroll deductions are due by February 15, 2025).

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Analytix Finance & Accounting

NOVEMBER 20, 2024

As we prepare to move into 2025, here are some restaurant accounting and bookkeeping trends that can simplify your financial management and help grow your business. AUTOMATING DAILY ACCOUNTING AND BOOKKEEPING Automation tools allow restaurant owners to streamline day-to-day tasks, such as invoicing, payroll, and expense tracking.

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Nanonets

FEBRUARY 14, 2025

  We recently worked with one such provider who processed over 50,000 bills and invoices monthly for their clients. Let me take you through how the service provider implemented automated invoice processing and found a way to bulk-process bills and invoices without constantly adding more staff. Here's what happened: 1.

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Gaviti

MARCH 11, 2025

This evolution marked a shift from subjective assessments to more data-driven methodologies. In 2025, credit evaluations have transformed significantly, leveraging advanced technologies and vast datasets. The post Top 7 Credit Risk Management Tools in 2025 appeared first on Gaviti.

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AvidXchange

DECEMBER 20, 2024

For the 2024 tax year, businesses must issue a 1099-NEC to recipients and file it with the IRS by January 31, 2025, according to the IRS. Improved Data Accuracy AP automation can reduce manual data entry errors by automatically extracting payment details and vendor information.

AP 52

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Counto

FEBRUARY 22, 2025

Connecting your systems directly: Reduces manual data entry and errors Ensures automatic syncing of sales transactions Helps track platform-specific fees and commissions 3. Integrate Your Sales Platforms with Accounting Software Many accounting tools allow integration with multiple sales platforms.

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AvidXchange

SEPTEMBER 20, 2024

In August 2024, AvidXchange surveyed 500 finance leaders to learn more about their priorities and challenges heading into 2025. Sixty-six percent of our 2025 Trends Survey respondents said staffing shortages have impacted their accounting departments in 2024. Digital transformation is also driving change.

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Nanonets

MAY 31, 2023

These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management. Manual data entry implies there is a high potential for inaccuracies, as human errors can occur when transcribing numbers or processing large volumes of data.

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AvidXchange

SEPTEMBER 17, 2024

CFO reported on a survey that indicated 84% of CFOs face “significant” talent shortages that have caused them to reevaluate their approach to staffing. AvidXchange’s 2025 Trends Survey underscored this, with 66% of respondents noting that staffing shortages affected their finance department in 2024. economic growth and a 3.5%

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NextProcess

OCTOBER 8, 2024

2) Facing Economic and Political Uncertainty Overall, surveyed CFOs are optimistic going into the end of 2024 and looking forward to 2025. You’ll be able to automate compliance for things like purchasing policies, payment record keeping, and invoice processing. per processed invoice compared to manual invoice processing.

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Nanonets

APRIL 14, 2023

Documents are ubiquitous in business and serve as the foundation for data, information, and knowledge. From invoices and contracts to emails and memos, documents are an essential part of the daily document processing workflow.   It is forecasted to have reached 64.2 zettabytes in 2020.

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Nanonets

MARCH 27, 2023

Automating healthcare document data extraction is an easy way to reduce the load. But, do you really need to automate medical document data extraction? By 2025, it is estimated that the United States will need to hire an extra 2.3 million new frontline healthcare workers due to inefficient data extraction from medical documents.

Collections 52

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MineralTree

DECEMBER 29, 2022

Automating financial processes helps organizations reduce manual tasks, letting them process more invoices without increasing headcount. According to Deloitte, finance will increasingly rely on real-time reporting ( Finance 2025 ). This indicates that several gaps remain in how companies organize their data today.

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Nanonets

OCTOBER 8, 2024

With the ERP market projected to grow to $50 billion by 2025, NetSuite integrations will only become more important, and the competition around NetSuite integrations will intensify. After processing, the data can be synced to NetSuite for consistency and accuracy.

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Nanonets

JULY 28, 2023

In 2020, the total data generated reached an estimated 64.2 Projections suggest that this trend will continue, with global data creation projected to exceed 180 zettabytes by 2025. Accounts Payable Document Management: Manual invoice handling can lead to delays and damaged relationships. zettabytes.

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Future Firm

APRIL 10, 2022

The interconnectedness of third-party software vendors and your accounting system allows data to flow seamlessly between each other, reducing manual data entry and errors. The online education market is exploding and is expected to hit $350B globally by 2025. How do they invoice each? Do-It-Yourself Models.

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Accounting Accounting Bookkeeping XERO 111

Xero

MARCH 19, 2025

The UK government has launched a consultation on eInvoicing , an initiative that has the potential to revolutionise how we handle invoices, and bring significant benefits to businesses and the economy. We encourage you to engage with the consultation (which closes on 7 May 2025). What is eInvoicing?

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oAppsNet

FEBRUARY 25, 2025

In 2025, businesses must adapt to major AP trends to streamline financial processes, reduce costs, and improve vendor relationships. ERP Integration: The Foundation of Modern AP In 2025, integrating AP automation with Enterprise Resource Planning (ERP) systems is no longer optionalits a necessity.

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Nanonets

AUGUST 1, 2023

By 2025, it is projected that 70% of new applications developed by organizations will utilize no-code or low-code tools, up from less than 25% in 2020. By 2025, it is projected that 65% of all application development will occur on no-code platforms. dollars by 2027 , underscoring the value and widespread adoption of these technologies.

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