AvidXchange

JULY 23, 2024

Payment processing and reconcilliation AI can automate payment processing, matching payments to invoices and reconciling accounts efficiently, helping to minimize errors and workload for accounting staff. There can be a learning curve if staff resist adopting new technologies due to fears of change.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable Billing 52

Jetpack Workflow

MARCH 23, 2023

This article will guide you through all things AR—from its definition to what to include in your ledger as well as software alternatives to manual AR accounting templates. You’ll also find a free AR ledger template you can download to get you started. Here are a few accounting software providers to consider.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable AR 52

Nanonets

MAY 7, 2023

Also, credit card reconciliation is the process of confirming that all transactions on your credit card statement are properly reflected in your accounting records. Why is reconciling credit cards difficult? Reconciling credit cards can be difficult for several reasons. You can download it as an excel.

Bank Reconciliation 52

Bank Reconciliation General Ledger Reconciling Account Receivables 52

Future Firm

AUGUST 22, 2022

I’ll take a look at the options available within each accounting software. Integrations Just like with your cloud-based accounting software, integrations are a key to workflow functionality. The more integrations available, the more flexibility you’ll have with your accounting solution. GoCardless. GoProposal.

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Nanonets

MAY 8, 2024

  Stripe not only facilitates seamless payment processing but also simplifies the reconciliation process by providing detailed transaction records and integrations with accounting software, ensuring accuracy and efficiency in financial management. 

Account Reconciliation 52

Account Reconciliation Bank Reconciliation Deposits Financial Operations 52

AvidXchange

AUGUST 5, 2022

“When apartments turn over at the beginning and end of each school year, we may process more than one hundred checks in a single day, manually entering, reconciling and depositing them for payment,” said Clark.

AR 52

AR AP Deposits Invoicing 52

Jetpack Workflow

SEPTEMBER 1, 2024

You’ll also find a free checklist template you can download and customize for your company. Review and Adjust Financial Statements At the annual close, you need to thoroughly review the financial statements prepared by your bookkeeping team against the client’s general ledger accounts.

General Ledger 52

General Ledger Financial Statements Accounting Accounting 52

Nanonets

JULY 21, 2023

Acting as a centralized platform, it retrieves data from the general ledger and compares it with bank statements and invoices, facilitating accurate and swift account reconciliation. This software allows users to electronically validate and finalize reconciliations, which are then sent to approvers for review.

General Ledger 52

General Ledger Account Reconciliation Reconciling Financial Reporting 52

Nanonets

SEPTEMBER 25, 2024

Traditional manual processing and reconciling, which consumes an average of 10-12 hours per week , is no longer an option. Traditionally, accountants and bookkeepers manually input data from these bank statements into their accounting software. Use accounting software with built-in tracking for all adjustments.

Financial Reporting 52

Financial Reporting Data Entry Accounting Software General Ledger 52

IMA's Count Me

APRIL 19, 2020

So then you import that into your accounting software. We use zero for our accounting software. And then they have this feature called cash coding, which you can mass reconcile transactions. So instead of having to individually reconcile a transaction, you can do all that. Download and listen now.

Accounting 40

Accounting Accounting Billing CPA 40

IMA's Count Me

SEPTEMBER 4, 2022

Then I need to identify who are all the people that touch it when it comes in, who reconciles it. That's something that our accounting software does, but nobody's ever turned them on. And that could be cash, check, credit card, wire, ACH, whatever, but I need to identify all of those. And so I talk about the process.

Accounting 40

Accounting Accounting Payroll Auditing 40

Counto

MARCH 24, 2025

Bank Feed Integration in Accounting: Why it Matters for Small Businesses If youre still downloading bank statements manually and matching transactions line by line, youre not alone but theres a better way. With bank feeds, transactions appear in your accounting system in real time, ready to be categorised and reconciled.

Accounting 52

Accounting Accounting Reconciling Data Entry 52

Cloud Accounting Podcast

AUGUST 25, 2020

Again, what this feature does is something that has been happening in QuickBooks for 20 years, which is that you can import your bank data and then create transactions while you reconcile. Yeah, that's what's going on in the world of politics. __ This episode of The Cloud Accounting Podcast is sponsored by AccountingSuite.

Accounting 40

Accounting Accounting QuickBooks XERO 40

Cloud Accounting Podcast

MAY 10, 2020

Blake Oliver: [00:18:07] Yeah. David Leary: [00:18:07] But a lot of the payroll software packages don't support that, or if they do support it, the APIs, when they talk back to QuickBooks, or the accounting software, doesn't support it. I don't know how accountants and bookkeepers.

QuickBooks 40

QuickBooks Payroll Tax Accounting 40

Cloud Accounting Podcast

JUNE 8, 2020

Outside of that, you're right, how is this gonna reconcile up? I downloaded the team's app for Mac, which I'd never used before, and I jumped on, and it was great. So, there's a lot more value for accounting firms. Is it ever gonna- will anybody even detect it, or figure that out? I got to use this for the first time.

Tax 40

Tax XERO Payroll QuickBooks 40

Cloud Accounting Podcast

APRIL 19, 2020

What will another $250 billion that you and I are gonna have to pay back, someday, David, what is that gonna get us? __ This episode of The Cloud Accounting Podcast is sponsored by AccountingSuite. AccountingSuite is cloud accounting software that acts like a customizable ERP system. It's similar to working with bank feeds.

Payroll 40

Payroll Bookkeeping Accounting Accounting 40

Cloud Accounting Podcast

JULY 14, 2020

Blake Oliver: [00:08:30] Mm-hmm. David Leary: [00:08:30] As long as the money was- the loans were taken out, and the money was used to pay employees on payroll, and that all reconciles through, I don't think there's problems with this. Really neat. __ This episode of The Cloud Accounting Podcast is sponsored by AccountingSuite.

XERO 40

XERO QuickBooks Tax Billing 40