Xero

AUGUST 22, 2023

Our leadership team — including new Chief Product Officer, Diya Jolly — shared the latest enhancements to our platform that will help accountants and bookkeepers grow their practice, help their clients succeed, and get the most out of Xero. The vibe and atmosphere in Sydney has been fantastic.

Bank Reconciliation 239

Bank Reconciliation XERO Data Entry Payroll 239

Xero

APRIL 16, 2023

With an ecosystem of more than 1,000 connected apps you can plug into Xero, they can help manage everything from automated invoicing and reporting, through to cash flow forecasting and financial services. Another great option is Lightyear , which focuses on automating Purchasing and Accounts Payable.

XERO 203

XERO Purchase Order Data Entry Payroll 203

Xero

NOVEMBER 15, 2022

That’s why tools for following up on invoices or having different ways to take payments are so important. Here are some apps designed to help small businesses get paid faster: Chaser – Automate your invoice chasing and streamline your processes so you can get paid faster and more consistently. Connecting your sales and accounting.

XERO 241

XERO Bank Reconciliation Invoicing Collections 241

Cevinio

JANUARY 17, 2024

What are invoice approval workflows and how can they be optimized? A well-defined invoice approval workflow structure is a cornerstone of streamlined Accounts Payable (AP) operations. From automating approvals to pinpointing crucial triggers, we’re here to guide you through the essential steps of invoice approvals.

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Invoicing AP Purchase Order Invoice Processing 130

Xero

APRIL 16, 2023

Keeping on top of cash flow anywhere, anytime Growing up in an entrepreneurial household, Johnno has always understood the value an accountant and bookkeeper can bring to a small business. Right from the get-go, Olivia set Johnno up with Xero to tackle everything from quotes and invoices to schedules and client management.

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XERO Data Entry Invoicing Reconciling 278

Ascend Software blog

DECEMBER 20, 2024

OCR Technology: A Great Start for AP Efficiency As businesses look to modernize their accounts payable (AP) operations, Optical Character Recognition (OCR) has become an important tool for streamlining invoice processing. This is where Ascend AP stands apartbridging the gap between OCR efficiency and full AP automation.

Accounts Payable 100

Accounts Payable Accounts Payable AP Data Entry 100

The Institute of Financial Operations

APRIL 1, 2022

Do a quick litmus test on your current Accounts Payable (AP) processes: How many FTEs in Accounts Payable? How many invoices do you process per annum? This provides you with the number of invoices processed per FTE per annum. More optimistic surveys even suggest 42,000 invoices per FTE, per annum (Hackett Group).

Accounts Payable 130

Accounts Payable Accounts Payable AP Data Entry 130

Xero

NOVEMBER 2, 2022

We know it’s not enough to just create really #beautiful accounting software – we also need to teach you to use it. You can also find guides on Getting your invoices paid faster , Staying on top of your cash flow , Reconcile bank accounts easily in Xero and Creating professional invoices with ease , with more topics to come. .

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XERO Bank Reconciliation Data Entry Reconciling 258

Cevinio

OCTOBER 26, 2023

How AI simplifies Accounts Payable invoice processing The rapid evolution of artificial intelligence in accounts payable is reshaping the possibilities of business automation. We look at where they can be applied in AP invoice processing, and what benefits they bring, now and in the future.

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Accounts Payable Accounts Payable Invoice Processing AP 130

AP Association

AUGUST 25, 2022

It's tough enough running a business without having to worry about making mistakes with your accounts payable. The following is a list of the most common accounts payable mistakes you should watch out for and try your best to avoid. Once you have a system in place, review it regularly to ensure that all invoices are accounted for.

Accounts Payable 130

Accounts Payable Accounts Payable Data Entry Invoicing 130

Cevinio

DECEMBER 13, 2023

How to Safeguard AP Operations Against Invoice Fraud The rapidly growing invoice fraud risk poses a significant threat to businesses. It’s imperative to protect your organization against invoice fraud, also known as AP fraud, as a result. Understanding Invoice Fraud What is Accounts Payable Fraud?

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AP Invoicing Data Entry Accounts Payable 100

Compleatable

OCTOBER 25, 2024

In today’s fast-paced business landscape, managing invoices manually can be cumbersome and time-consuming. Traditional methods of handling invoices lack the efficiency that today’s technology, particularly AI-powered invoice matching software, brings to the table. What is AI-Powered Invoice Matching Software?

Invoicing 100

Invoicing Purchase Order Data Entry Auditing 100

Xero

JULY 18, 2022

Accounting has always been a careful balance of calculations and consulting. Digitalisation and automating your accounting processes can change your business overnight. Digitalisation and automating your accounting processes can change your business overnight. More authentic interaction with clients.

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XERO Bookkeeping Data Entry Invoice Processing 239

Xero

MAY 24, 2023

It’s often said that (almost) no one goes into business to do their own accounting. For those on the Xero platform, collaborating with your accountant or bookkeeper is simple via the cloud. This means you can reconcile multiple records faster while minimising errors in manual data entry.

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XERO Bank Reconciliation Data Entry Reconciling 253

Xero

AUGUST 7, 2024

And this year, we’re proud to have filled our exhibitor floor with some of the best and most loved apps for accountants, bookkeepers and small business owners alike. Event Partner+ Bill BILL for Xero is a simple bill payment solution made to eliminate double entry and piles of paperwork.

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XERO Collections Payroll Billing 178

Nanonets

DECEMBER 11, 2023

It's a scene all too common around tax season — the accounting team huddled in a room, heads down, manually entering data from stacks of invoices and receipts into spreadsheets. Unfortunately, it is not just isolated to accounting. What is AI data entry? Even a tiny error can be costly.

Data Entry 59

Data Entry Invoicing Purchase Order Vendor Management 59

Xero

NOVEMBER 29, 2022

We’re excited to announce November’s app partner of the month is Datamolino – an automated data-capture and invoice coding solution that saves small and medium-sized businesses time by reducing manual data entry. Datamolino automates data capture and processing for bills, receipts and invoices.

XERO 219

XERO Accounts Payable Accounts Payable Data Entry 219

Intuit

JUNE 16, 2023

Policymakers can implement these enhancements to help small businesses address the key challenges they face, including: Managing cash flow : Expanding the CDR could make cash flow-based invoicing and forecasting more accurate and personalised. Improving access to finance : Expanding the CDR would benefit both lenders and small businesses.

Data Entry 246

Data Entry Financial Services Invoicing Tax 246

AP Association

JUNE 28, 2022

The role of accounts payable staff has changed significantly over the past two decades as technology has continued to play an ever-increasing part in day-to-day duties. Today, AP employees are more likely to spend their time working at a computer, rather than chasing up paper invoices. Will the processes become completely automated?

Accounts Payable 130

Accounts Payable Accounts Payable AP Accounting 130

Intuit

MAY 8, 2023

Once adopted, the teams meet weekly with their adopted businesses to engage themselves in the behind-the-scenes work of running a business, completing tasks such as: invoicing, data entry, reconciliations, and payroll. It has grown from a small, in-person operation to a fully-remote, global program.

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QuickBooks Data Entry Financial Operations Manager Financial Operations 246

Xero

SEPTEMBER 28, 2022

Business apps are designed to help run your business, by assisting with common challenges such as invoicing , payroll , time tracking , reporting and inventory management. They integrate with Xero’s core accounting software, customising and extending Xero to enhance your business capabilities. So why all the hype?

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XERO Data Entry Payroll Invoicing 246

Invoicera

JANUARY 2, 2024

Introduction Have you ever been overwhelmed by stacks of paperwork, especially when sorting through invoices? Picture this: reducing your time on invoicing, eliminating manual/human errors, and getting your payments quicker. Statistics show businesses waste an average of 21 hours every week on manual invoicing processes.

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Invoicing Invoice Processing Data Entry Billing 98

Compleatable

AUGUST 1, 2024

Current accounts payable purposes and processes Accounts Payable or AP as it is also known, is a term used to describe the means of money being owed by a business to it’s suppliers for goods and services provided. An Accounts Payable (AP) department within a business might be made of a single individual to many tens of people.

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Accounts Payable Accounts Payable AP Purchase Order 130

AP Association

SEPTEMBER 1, 2022

An accurate and reliable system of monitoring accounts payable gives you a clear picture of your income and expenditure, enabling better business decisions to be made. Accounts payable includes all of your company's expenses, except for the payroll. What does accounts payable mean? What does accounts payable mean?

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Accounts Payable Accounts Payable Accounting Accounting 130

Nanonets

JULY 14, 2023

This post is mostly going to focus on invoice OCR and invoice information extraction using OCR and deep learning. We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. Want to automate invoice processing ? Why digitize invoices?

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Invoice Processing Invoicing Data Entry Computation 98

Compleatable

MARCH 31, 2023

Automating the accounts payable process can bring numerous benefits to organizations of all sizes, including increased efficiency, improved accuracy, and reduced costs. In this blog post, we will discuss these benefits in more detail and explain how automating accounts payable can help your business save time and money.

Accounts Payable 100

Accounts Payable Accounts Payable Data Entry Accounting 100

Xero

JUNE 22, 2022

And according to Xero’s State of the industry research – exploring how COVID-19 impacted the accounting and bookkeeping world – digitalisation is a good starting point. Meaning, you can secure your contracts before starting work on a new account, and your clients won’t be charged for the transition period. .

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XERO Deposits Data Entry Bookkeeping 245

Compleatable

JULY 8, 2024

One area that has seen significant advancements is Accounts Payable (AP), with Artificial Intelligence (AI) leading the charge. The Role of AI in Accounts Payable Accounts Payable involves managing a company’s short-term liabilities, ensuring that invoices are processed, approved, and paid in a timely manner.

Financial Operations 100

Financial Operations Financial Operations Accounts Payable Accounts Payable 100

AvidXchange

JANUARY 19, 2024

Accounts payable (AP) is a critical function within any business. To make sure your AP department is operating at an optimal level , consider implementing these accounts payable best practices. 1. Enter Invoices Promptly Enter invoice data into your AP system without delay upon receipt.

Accounts Payable 104

Accounts Payable Accounts Payable AP Accounting 104

Xero

SEPTEMBER 1, 2022

Make adjustments in the Xero Accounting app — Global. Sometimes, there’s a discrepancy between what is received from the bank and the amount on the customer’s bill or invoice. We’re now giving you two ways to make adjustments in the Xero Accounting app: bank fees and minor adjustments.

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XERO Payroll Data Entry Tax 240

Gaviti

DECEMBER 20, 2022

Ultimately, this data falls out of sync, and some departments never get access to invaluable information that could help them make better decisions. This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers. Integration can sometimes be a complex process.

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Accounts Receivable Accounts Receivable Account Receivables Data Entry 98

MineralTree

SEPTEMBER 7, 2023

Accounts payable (AP) teams have long struggled with manual invoice approvals that involve chasing down signatures and slogging through mountains of paperwork. But in today’s increasingly digital business world, many AP teams are turning to automation to enhance their workflows — and the invoice approval process is no exception.

Invoicing 77

Invoicing AP Data Entry QuickBooks 77

AvidXchange

SEPTEMBER 30, 2024

Choosing an AP automation solution that integrates with your accounting and ERP platforms is important for system efficiency and accuracy. An integrated accounts payable system can enable seamless data flow, reducing manual entry and errors while providing real-time visibility into financial data.

Accounts Payable 92

Accounts Payable Accounts Payable AP Accounting 92

Compleatable

NOVEMBER 14, 2024

Punch-in technology ensures compliance with approval workflows while automating invoice reconciliation through integration with popular accounting software such as QuickBooks and Sage Intacct. Increased Control and Visibility: Centralised purchasing platforms enable real-time tracking of orders, enhancing accountability.

Purchase Order 100

Purchase Order Invoice Processing Budgeting Invoicing 100

LedgerDocs

JUNE 14, 2024

Volume and Variety of Documents The Problem: The sheer volume of invoices, receipts, financial statements and tax forms that need to be scanned, uploaded and filed can make this task overwhelming to start. Data Accuracy and Integrity The Problem: Digitizing documents is not the only hurdle to moving your bookkeeping documents onto the cloud.

Bookkeeping 105

Bookkeeping Data Entry Record Keeping Accounting Software 105

MineralTree

JANUARY 12, 2023

What are Automated Invoice Payments? Automated invoice payments for businesses refer to when a company digitizes the way they pay their vendors. Automated payments help accounts payable (AP) teams quickly pay suppliers and process invoices by streamlining manual, convoluted AP workflows. Use Invoice Capture.

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Invoicing AP Data Entry Billing 80

LedgerDocs

MARCH 8, 2024

In this blog post, we will explore the key role that AI plays in reducing bookkeeping, data entry, and classification errors. Automated Data Entry The more mundane and repetitive a task is, the more likely a human is to make a mistake. Data entry is a common area where this occurs in bookkeeping.

Bookkeeping 101

Bookkeeping Data Entry Invoicing QuickBooks 101