Nanonets

FEBRUARY 8, 2024

As a tool, Bill.com makes managing payables easy, sends payments via different channels seamlessly, and checks purchase orders to confirm the validity of each incoming invoice. The mobile application makes it so managing payments, approving invoices, and processing purchase orders can be done from anywhere.

AP 52

AP Billing AR AR / AP 52

Nanonets

APRIL 30, 2023

Train employees on how to submit their expenses and documents Find a payroll automation platform. In the next section, we will cover the best way to find a payroll accounting automation solution in detail, but for now, here are some major things you should watch out for: Does the software integrate with your existing systems?

Payroll 52

Payroll General Ledger Accruals Accounting 52

Nanonets

MAY 9, 2023

The employee forwards the document to the relevant manager and the bookkeeper. Using the expense report template in Excel To use it as an expense report excel template, after making a copy of the document in your drive, select download as “Microsoft Excel (.xlsx).”

Expense Reports 52

Expense Reports Budgeting Microsoft Excel Accounting Software 52

Nanonets

DECEMBER 29, 2023

  These accuracy verification processes include 3-way matching (or 2-way matching) of the invoice with the purchase order (PO) and a receiving report, if applicable, for the receipt of goods.  Hubdoc is a Xero partner for OCR data capture that extracts data from documents and creates transactions in Xero.

Accounts Payable 59

Accounts Payable Accounts Payable XERO Data Entry 59

Nanonets

DECEMBER 11, 2023

It supports complex business requirements like multi-subsidiaries and multi-currency purchase orders. Key Features Not all invoice processing solutions accommodate unique purchase orders or multi-layered supplier agreements. Pros End-to-end AP automation will truly transform your entire accounting and finance function.

Invoice Processing 52

Invoice Processing Invoicing AP Accounts Payable 52

Nanonets

JULY 21, 2023

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures.

Account Reconciliation 52

Account Reconciliation General Ledger Reconciling Financial Reporting 52

Nanonets

JUNE 26, 2024

What Is a Bank Reconciliation Statement? A bank reconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." Ascertain the impact and note any unnoticed entries that hit the bank account.

Bank Reconciliation 52

Bank Reconciliation General Ledger Deposits Reconciling 52

Nanonets

FEBRUARY 6, 2024

Determine the scope of your work and gather documents like general ledger/invoice/bank statements, etc. Match the documents using document ID or amount/date combo. Resolve discrepancies by verifying the details using supporting documents in coordination with affected business units.

General Ledger 52

General Ledger Financial Statements Reconciling Collections 52

Nanonets

MAY 8, 2023

Audit trails should include key information such as what, who, when, where, and how to document each step of a transaction or event. As a controller, it is important to prepare for an audit trail by identifying areas that require documentation and creating an actionable plan to improve procedures. Think about your current processes.

Auditing 52

Auditing Accounts Payable Accounts Payable Purchase Order 52

Nanonets

APRIL 26, 2024

  ApprovalMax Payment Approval in Seconds By synchronizing approval processes, purchase orders, and invoices between ApprovalMax and Xero, you can establish approval workflow automation , enforce compliance, and prevent unauthorized spending.

XERO 52

XERO Payroll Invoicing AP 52

Nanonets

FEBRUARY 8, 2024

With the range of QuickBooks add-ons available today, your accounting cycle just got a whole lot better. Whether you’re looking for enhanced document storage or better customer relationship management, QuickBooks add-ons can help you reach your goals. No business function signs more contracts than accounting.

QuickBooks 52

QuickBooks AR Collections AR Payroll 52