The Successful Bookkeeper

APRIL 20, 2023

That’s why we’ve written this article to show you ways you can leverage this along with other strategies to increase your profit margin. Analytics tools like Klipfolio or Google Data Studio to provide customized dashboards and reports for clients. This reduces errors and allows bookkeepers to focus on high-value work.

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Accounting Tools

JUNE 16, 2023

Opening balance equity is the offsetting entry used when entering account balances into the Quickbooks accounting software. This account is needed when there are prior account balances that are initially being set up in Quickbooks. If the balances match, then the initial entry of accounts was accurate.

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LedgerDocs

AUGUST 21, 2023

Leveraging a cloud based digital document management software, such as LedgerDocs, can be the game-changer that empowers your business to not only survive but thrive. In this article, we explore a few ways that LedgerDocs will allow you to navigate the challenges and seize opportunities in the modern work environment.

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Data Entry Financial Records XERO QuickBooks 98

Outsourced Bookeeping

APRIL 16, 2023

Employers can now take advantage of outsourced bookkeeping services, use cloud-based accounting software, and leverage AI to automate time-consuming tasks. In this article, we will discuss how technology is changing the landscape of payroll management and how businesses can benefit from these advances.

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Gaviti

JANUARY 20, 2025

One cornerstone of accurate financial reporting is the matching principle in accounting, a concept that ensures revenues and expenses are recorded in the same period. But how does this principle align with the technological advancements in accounts receivable (A/R) automation?

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Accounting Tools

JULY 24, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. First, what do we mean by "financial" accounting?

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Less Accounting

AUGUST 14, 2024

In this article, we’ll explore the emerging trends and technologies shaping the future of bookkeeping and why small businesses should embrace them. Cloud-Based Accounting Software Gone are the days of traditional desktop accounting software. Get Caught Up Overwhelming by bookkeeping backlog? We can help!

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Nanonets

JUNE 12, 2023

OCR software solutions help businesses save time and resources that would otherwise be spent on data entry & manual validation/verification. Let's take a look at some of the best OCR software & also check out some free OCR software. Automate manual data entry using Nanonet's AI-based OCR software.

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Accounting Tools

FEBRUARY 5, 2024

Data Entry Controls There are several ways to ensure that all supplier invoices have been entered in the accounts payable system, though these controls have varying degrees of success. Adopt an Invoice Numbering Guideline Perhaps the largest problem in the area of payables data entry is duplicate payments.

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Nanonets

MARCH 4, 2024

Traditional expense management systems are often fraught with challenges: manual data entry is time-consuming and prone to errors; fraudulent claims can slip through the cracks; and ensuring compliance with company policies and tax laws can feel like navigating a minefield. Manual Data Entry:  Employees manually log expenses.

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Analytix Finance & Accounting

JULY 3, 2023

According to a Finances Online report , more organizations are now recognizing the power of accounting software in the industry. In the past few years, the adoption of cloud-based accounting technology has changed the way businesses carry out their accounting and finance management tasks.

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Nanonets

APRIL 1, 2024

Both offer features like invoice processing, approval workflows, payment execution, and integrations with popular accounting software. Although Nanonets and Tipalti provide a wide range of business solutions, this article will focus solely on comparing their AP automation capabilities.

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AP Accounts Payable Accounts Payable Invoicing 98

MineralTree

APRIL 13, 2023

In this article, we will explore the risks of inflation and recession, along with ways finance teams can mitigate these risks and recession-proof their business. MineralTree’s Accounts Payable solutions automates the invoice approval and payment process for finance teams, reducing manual data entry and errors.

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Future Firm

MAY 24, 2023

For kicks, here’s the oldest Xero screenshot that can be found on record (from 2007): Here are some tips to leveraging cloud computing in accounting: Tip 1: Become Cloud Accounting Certified Master the popular cloud accounting systems , like Xero or QuickBooks Online, by becoming certified on their platforms.

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Nanonets

NOVEMBER 18, 2024

Need for strong customer support In this article, we’ll explore the top alternatives to Rossum, offering an unbiased look at their strengths to help you identify the right solution for your company's document processing needs. ERP, CRM, or accounting software). Support for a specific language 3. Budget constraints 6.

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Intuit

NOVEMBER 20, 2023

We provide remote work seekers with unique opportunities to work on our TurboTax Live and QuickBooks Live software. Let’s look at some part-time weekend jobs at Intuit you can apply to right now to put your accounting skills to work. TurboTax Live Tax Associate Jobs $19.90 – $28.00/hr

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Nanonets

JULY 25, 2023

In this article, we will explore what financial reporting automation entails, its benefits, key features, areas that can be automated, and how Nanonets can contribute to this automation journey. With manual processes, there is always a possibility of data entry mistakes or inconsistencies.

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Less Accounting

MAY 13, 2024

This article explores the numerous ways in which effective outsourced bookkeeping can bolster small business growth. For example, a local restaurant, for example, reduced invoice processing time by 40% through its outsourced bookkeeping services that leveraged advanced cloud-based software.

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Nanonets

SEPTEMBER 15, 2024

  For starters, you often have to juggle multiple systems like transportation management systems (TMS), accounting software, and email. But what follows is worse — manual data entry. For instance, imagine assigning a non-hazmat certified driver to transport hazardous materials due to a data entry error.

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Nanonets

MAY 21, 2024

At the core of accounts management lies account reconciliation, the process of comparing various financial documents to ensure accuracy and accountability.      In this article, we shall explore the fundamentals of accounts reconciliation , discussing its importance, processes , and best practices.  

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Future Firm

SEPTEMBER 6, 2023

Navigating the ever-evolving landscape of accounting requires efficient client management, and that’s where client portals come in. In this article, I present a curated list of the top 12 client portals available in the market today. Table of Contents What are Client Portals for Accountants?

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LedgerDocs

MARCH 1, 2023

If you’re looking to organize your accounting documents on the cloud, this article provides a step-by-step guide for how to do it. Gather all your accounting documents. With the integration, you can automatically upload documents from your accounting software into your document management software.

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CapActix

AUGUST 17, 2023

If you are running a CPA firm that offers the best- outsourced t ax preparation services , then your tax preparation software must have the following factors: 1. Streamlined Data Entry and Integration CPA and accounting firms manage massive data entry while performing tax preparation jobs.

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Nanonets

AUGUST 17, 2023

In this article, we will cover the basics of invoice approval, the detailed steps involved, and how automation can help save your business time, money, and resources. Record in ERP or Accounting Software:  The final step involves recording the payment in your company's ERP or accounting software.

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Nanonets

APRIL 19, 2024

Petty cash reconciliation is the process of verifying and documenting petty cash transactions to ensure that the amount of cash on hand matches the recorded balance in the petty cash account.   Looking out for a Reconciliation Software?

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Nanonets

JUNE 13, 2024

To address this issue, organizations prefer using reconciliation software, which can automate the heavy lifting and monotonous tasks while ensuring accuracy and timeliness during the monthly book-closing period. Types of Reconciliations financial teams come across What is account reconciliation software?

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Nanonets

SEPTEMBER 19, 2024

We have researched and listed the 10 best bank statement extraction software in the market for 2024. Not just that, you will find the pros, cons and the pricing details for each, detailed in the article below. It also has approval workflows built-in that can flag bank statements with missing fields or incorrectly extracted data points.

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Nanonets

AUGUST 10, 2023

This article will highlight how to automate and manage your expense claims better. You can eliminate the need for manual data entry, reduce the risk of errors, and speed up the entire expense claim process. No more paying for hours spent on tedious manual data entry and processing. What is an expense claim?

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Counto

SEPTEMBER 20, 2024

Example: A multinational corporation automates its GST payments through its corporate bank account, eliminating manual entries and approvals, thus allowing the finance team to concentrate on strategic planning rather than routine tasks. Discover a smarter way to outsource your accounting with confidence.

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Counto

SEPTEMBER 20, 2024

Example: A multinational corporation automates its GST payments through its corporate bank account, eliminating manual entries and approvals, thus allowing the finance team to concentrate on strategic planning rather than routine tasks. Discover a smarter way to outsource your accounting with confidence.

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Counto

FEBRUARY 26, 2025

This article explores the pros and cons of virtual cards, helping SMEs in Singapore determine whether they align with their financial management strategies. Streamlined Accounting and Reconciliation Many virtual card solutions integrate with accounting platforms, automating expense tracking and simplifying reconciliation.

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Nanonets

SEPTEMBER 18, 2024

The sheer volume of paperwork can be overwhelming, time-consuming, and prone to errors. Enter financial document automation, a game-changing solution revolutionizing how companies handle their paperwork, regardless of size or industry.

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Counto

MAY 19, 2023

AI can streamline accounting processes, enhance the accuracy and efficiency of financial data analysis, and speed up financial reporting to levels previously unimaginable. In this article, we will delve into the exciting ways AI is transforming small business accounting and financial reporting.

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Nanonets

MAY 2, 2024

This article describes a NetSuite invoice approval workflow example with steps and addresses how third-party AP automation integration streamlines approving invoices for payment (and other NetSuite invoice processing workflows). It includes core accounting software.   Why are NetSuite workflows so convenient? 

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Nanonets

SEPTEMBER 29, 2023

This article will cover how vendor payments can be optimized, offering insights into the benefits and best practices, which can transform your organization's financial workflows. Reduce Error: Manual data entry is prone to errors, which can result in incorrect payment records and reconciliation issues.

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Nanonets

APRIL 3, 2024

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. In this article, we will discuss the importance of the vendor reconciliation process and the benefits of employing AI-enhanced tools such as Nanonets.

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Nanonets

SEPTEMBER 25, 2024

In this article, we’ll explore applications of AI and automation for bank statement processing. Traditionally, accountants and bookkeepers manually input data from these bank statements into their accounting software. Use an automated centralized platform for data standardization and extraction.

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