Intuit

AUGUST 30, 2024

What’s the difference between bookkeeping and accounting? We’ll define each, explore the differences between bookkeeping and accounting, and discuss what it takes to pursue roles in the fields. Bookkeeping involves categorizing each transaction, specifying the amount involved, and tracking it in the relevant account.

Bookkeeping 246

Bookkeeping Financial Statements Accounting Accounting 246

Xero

OCTOBER 16, 2022

Last year, we reached a significant milestone in our data journey when we built machine learning algorithms that worked to accurately predict your transactions’ contact and account codes. That is, by using the learnings of millions of past reconciled transactions. . Our ongoing commitment to reducing toil.

Bank Reconciliation 228

Bank Reconciliation XERO Reconciling Data Entry 228

Accounting Tools

JULY 29, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Reconciling a bank statement involves comparing the bank's records of checking account activity with your own records of activity for the same account. To reconcile a bank statement, follow the steps noted below.

Reconciling 75

Reconciling Bank Reconciliation Deposits Auditing 75

Intuit

SEPTEMBER 19, 2024

Small businesses and accountants drive economic growth in the UK and need champions to help them power prosperity. That’s why Intuit asked small business owners and accountants about their wishes from policymakers regarding challenges they face, resources they need, and how policymakers can help them succeed.

Accounting 244

Accounting Accounting QuickBooks Tax 244

Xero

JUNE 7, 2022

Take our word for it; a trusted accountant or bookkeeper will become your best friend at tax time. Reconcile, and reconcile again . Accounting software like Xero can streamline everything from income and expenses to assets and liabilities. . Thankfully, there’s a way to make sense of it all. By talking to your advisor. .

Reconciling 264

Reconciling XERO Tax Bookkeeping 264

Accounting Tools

JUNE 16, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger is the master set of accounts that aggregates all transactions recorded for a business. The reconciliation process at the account level typically comprises the following steps: Beginning balance investigation.

General Ledger 75

General Ledger Reconciling Bookkeeping Financial Statements 75

Xero

DECEMBER 1, 2022

Set up foreign exchange bank accounts and bank feeds. By connecting your Xero account to Airwallex , you can extend these capabilities further. . “If Airwallex features include: Global accounts . Open 11 foreign currency accounts for free online, with no need to visit a bank. Receive bills and payments. 2.9% + 20p EEA.

XERO 262

XERO Reconciling Purchase Order Invoicing 262

Compleatable

NOVEMBER 15, 2024

For finance departments, one of the most transformative tools has been Artificial Intelligence (AI), which has quickly become an asset in streamlining Accounts Payable (AP) processes , combating fraud, and offering real-time insights. Adopting the latest tools isn’t just an advantage; it’s essential for staying competitive.

Accounts Payable 100

Accounts Payable Accounts Payable AP Accounting 100

Accounting Department

MAY 4, 2023

The financial close process involves reconciling all of the company's activity over a set period of time. This process can be completed on a monthly basis, quarterly basis, yearly basis, or any other predetermined period.

Reconciling 238

Reconciling Account Receivables Accounts Receivable Accounts Receivable 238

Accounting Tools

DECEMBER 23, 2023

Why Should You Reconcile Inventory? How to Reconcile Inventory in 9 Steps To reconcile inventory , compare the inventory counts in the company's records to the actual amounts on the warehouse shelves, figure out why there are differences between the two amounts, and adjust the records to reflect this analysis.

Reconciling 75

Reconciling Record Keeping Auditing Billing 75

Counto

FEBRUARY 22, 2025

Multi-Channel Sales Accounting: How to Track Revenue Across Multiple Platforms Expanding your business across multiple sales channels can boost revenue, but it also brings accounting challenges. Set Up a Centralised Accounting System Using a cloud-based accounting system helps consolidate all sales data in one place.

Reconciling 52

Reconciling Accounting Accounting Data Entry 52

Xero

FEBRUARY 15, 2023

Step two: Review and reconcile Go to payroll settings to review all the information that impacts your payroll reporting. We know that reconciling your posted pay runs is a regular task for you, but it’s always a great idea to run your eyes down reports like pay history and leave transaction reports to make sure there are no surprises.

Payroll 239

Payroll XERO Reconciling Tax 239

Xero

MARCH 16, 2023

Continue your regular routine of reconciling your posted pay runs by scanning through Account Transactions, Gross to Net, P32 and P11 reports. By taking some time to reconcile these reports, you’ll pick up on any irregularities in accounts or employee final payment amounts, saving you rework later in this process.

Payroll 254

Payroll XERO Tax Reconciling 254

Xero

OCTOBER 3, 2023

If you’re trying to reconcile this statement line but don’t have these business names in your contact list, Xero will suggest these as new contacts, saving you precious time. So when we see names like ‘Amazon’, ‘ Transport for London’ or ‘Officeworks’, we can be pretty sure they are legitimate businesses.

Bank Reconciliation 289

Bank Reconciliation XERO Reconciling Accounting 289

Xero

APRIL 13, 2023

Balance Sheet, Profit and Loss (Income Statement) and Budget Variance reports: We’ve added the ability to translate these reports into any currency enabled in your organisation, for a quick view of your financials in the currency of your choice Receivable and Payable Invoice Summary and Detail reports, and drilldowns from Income by Contact and Expenses (..)

XERO 347

XERO General Ledger Bank Reconciliation Budgeting 347

Accounting Today

MARCH 7, 2025

Plus, Xero debuts "reconcile period" feature; EisnerAmper appoints David Frigeri as chief artificial intelligence officer; and other accounting tech news.

Reconciling 130

Reconciling XERO Accounting Accounting 130

Xero

OCTOBER 24, 2023

This guest blog was written by the team at ecommerce accounting integration, Amaka. Proper preparation as a business owner or an accountant with e-commerce clients can help maximise Cyber Monday success. In fact, we’ve seen Amaka’s accounting integrations saving businesses around 12 hours of manual work monthly.

XERO 289

XERO Data Entry Reconciling Bookkeeping 289

Accounting Today

SEPTEMBER 25, 2023

GTT Communications self-reported that it has difficulty reconciling data from two different systems, and overreported its income as a result.

Reconciling 189

Reconciling Financial Reporting Accounting Accounting 189

Xero

NOVEMBER 19, 2024

Gone are the days of manually comparing bank statements with accounting records. Today, with cloud accounting, you can securely and automatically import bank transaction data and easily reconcile it, so you have a single, up-to-date view of your transactions and cash flow. Bank feeds reduce manual admin and automate data entry.

XERO 194

XERO Data Entry Bank Reconciliation Reconciling 194

Xero

MAY 13, 2024

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. If you come across any discrepancies in your payroll accounts, you can use the remove and redo feature to edit the transaction and allocate it to the correct accounts.

XERO 248

XERO Payroll General Ledger Reconciling 248

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.

XERO 271

XERO Bank Reconciliation Data Entry Reconciling 271

Xero

AUGUST 17, 2022

However, the job of managing invoicing can be a hassle, requiring you to juggle many tasks — tracking the status of sent invoices, chasing late payments, reconciling payments, and providing a great customer experience. . Invoices are critical to a business — they deliver the important message to customers and clients that payment is due.

XERO 233

XERO Invoicing Reconciling Invoice Processing 233

CapActix

MARCH 12, 2025

With continuous cash flow activity, various payment channels, and expenses from all directions, using reliable accounting services for ecommerce business has become as essential as marketing and customer support activities and investment. Also Read: 6 Reasons why cloud accounting is good for your business and how it helps you grow 2.

Accounting 52

Accounting Accounting Bookkeeping Services Bookkeeping 52

Xero

MAY 16, 2023

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. Use the Account Transactions report to identify any transactions that may have been incorrectly reconciled against your Expense Accounts.

XERO 55

XERO Payroll General Ledger Reconciling 55

Xero

JANUARY 12, 2023

At Xero, our aim is to make life easier for accountants, bookkeepers and small businesses. And we understand that there’s a lot to get your head around, so we’ve shared three key facts about Xero that both new and experienced accounting and bookkeeping users may not have realised. This, however, is a myth that needs busting. .

XERO 55

XERO Bookkeeping Reconciling Invoicing 55

Intuit

SEPTEMBER 9, 2024

Skilled in all aspects of bookkeeping, including accounts payable/receivable, bank reconciliations, payroll processing, and financial reporting. Processed accounts payable and receivable, ensuring timely payments and collections. Reconciled bank statements monthly, maintaining accurate financial records.

Bookkeeping 246

Bookkeeping Bank Reconciliation QuickBooks Certified Bookkeeper 246

Xero

MAY 17, 2022

Reconcile your accounts, comparing the Payroll Activity Summary report and the General Ledger. If you do find a discrepancy in your payroll accounts, you can edit the transaction using the remove and redo feature to code the transactions to the correct accounts. Troubleshooting tips.

Payroll 246

Payroll General Ledger XERO Reconciling 246

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. .

XERO 264

XERO Bank Reconciliation Data Entry Reconciling 264

Nanonets

DECEMBER 26, 2024

Automation has revolutionized the way finance teams operate, with accounts payable (AP) automation being the go-to first step for businesses looking to improve efficiency and cut costs. This makes it harder to plan for working capital needs.

AP 52

AP Accounts Receivable Accounts Receivable Account Receivables 52

Xero

DECEMBER 7, 2022

eInvoicing is a new way to send and receive invoices electronically directly between accounting systems. Invoices travel straight from one accounting software to another via the Peppol network, meaning an email or PDF can’t be lost or tampered with. Telstra, Woolworths, Officeworks) sent invoices directly to their accounting systems.

XERO 246

XERO Invoicing Accounting Software Reconciling 246

Gaviti

DECEMBER 18, 2024

The financial industry is experiencing a technological transformation that is reshaping accounts receivable management. These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for businesses.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable Collections 52

Gaviti

MARCH 5, 2025

Accounts receivable fraud is becoming an increasingly pressing threat for businesses of all sizes, especially companies that grow or make a lot of changes. What makes Accounts Receivable Professionals and Operations Especially Vulnerable to Fraud? So it is important to encourage a culture of vigilance and accountability.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable Accounting 52

Less Accounting

DECEMBER 1, 2023

Wrap 2023 Up in a Bow: Here's Your Year-End Accounting Checklist As you wrap up gifts for loved ones, you might be considering what else needs to be done to wrap up your business for the year. This year-end accounting checklist can help you confidently cruise into the holiday season, leaving you ready to make a splash in the new year.

Accounting 105

Accounting Accounting Bookkeeping Budgeting 105

Xero

NOVEMBER 14, 2022

If you’re an accountant or bookkeeper, you’ll know that having consistent information across your practice management tools is vital. We’ll ask you to connect your XPM and Xero HQ accounts, so you’ll be ready to reconcile your client lists when our single client list is available.

XERO 239

XERO Reconciling Bookkeeping Tax 239

AvidXchange

DECEMBER 3, 2024

Ghost cards are usually tied to a specific bank account and can be used for online or recurring transactions. Enhanced Security Ghost cards reduce the risk of fraud by limiting exposure to sensitive account details. If a ghost card is compromised, it can be quickly deactivated without affecting other accounts or cards.

Reconciling 52

Reconciling Budgeting AP Accounts Payable 52

Xero

SEPTEMBER 7, 2022

None more so than you all — our valued accounting and bookkeeping partners — who have helped your clients navigate a digital acceleration and shift their business models to survive (and thrive). . the option to automatically group accounts according to their account code. Helping your clients avoid the cash flow crunch.

XERO 264

XERO Payroll General Ledger Bank Reconciliation 264

Xero

APRIL 16, 2023

The ability to send and receive invoices directly between accounting systems (and eliminate the need for manual, error-prone PDFs sent via email) offers some very exciting benefits. When we look at a technology that has massive future potential, while already sitting firmly in the here and now, it’s hard to go past e-invoicing.

Invoicing 277

Invoicing XERO Reconciling Invoice Processing 277