Counto

FEBRUARY 22, 2025

Regularly Reconcile Transactions Reconciling sales data with bank statements and payment processors prevents discrepancies. Steps include: Matching invoices with actual deposits Reviewing transaction reports for inconsistencies Ensuring marketplace fees and commissions are properly recorded 6.

Reconciling 52

Reconciling Accounting Accounting Data Entry 52

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. Simplified Reconciliation Automated systems can provide timely reporting and visibility into supplier payments, making it easier to reconcile accounts during tax season.

AP 52

AP Data Entry Accounts Payable Accounts Payable 52

AvidXchange

NOVEMBER 15, 2024

AvidXchange’s 2025 Trends Survey found that the percentage of businesses using mobile payment platforms (like Venmo or Apple Pay) most often to pay suppliers nearly doubled to 15% in 2024 (compared to 8% in 2023). Checks often require manual deposit, which means work hours spent visiting a bank. Since the pandemic, the U.S.

Deposits 52

Deposits Invoicing Reconciling Collections 52