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Optimizing Your Operating Cycle: Strategies to Enhance Accounts Receivable Management

Gaviti

In this article, we attempt to explain the connection between the operating cycle and A/R, identifying bottlenecks, and implementing strategies to improve efficiency, you can achieve faster cash flow and enhanced financial performance. Make better credit decisions, lower DSO, and reconcile payments with near perfection.

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Source documents definition

Accounting Tools

Another control is to reconcile the balances in accounts to the supporting source documents to see if either some documents have not been recorded, or if some transactions recorded in the accounts do not appear to have any supporting source documents.

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11 Key Items for a Month-End Close Checklist (Free Template)

Jetpack Workflow

This article will share why having this checklist is important, the key items to include, and a free template to get you started. However, this frequently doesn’t happen due to a lack of reconciling items. That’s where reconciling a loan ledger to the balance in the statement comes in.

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Credit Card Reconciliation: What It is and How to Do It?

Nanonets

This article will define credit card reconciliation and discuss the two types of reconciliation. It's important to reconcile your credit card statements because it helps you make sure that: When it arrives, you have enough money in your checking account to pay the amount due on your statement. How to do credit card reconciliation?

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Integrating AI into Your Finance Function

Nanonets

This article explores the case for integrating AI into your finance function, the route to achieving it, and how your business can step change as a result. This process is also time-consuming, as tasks like reconciling accounts, generating reports, and conducting financial analysis require several manhours.

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What Role Do CFOs Play in Digital Transformation?

NextProcess

Routine and repetitive tasks, data entry, regulation compliance, and reconciling POs and invoices are examples of tasks that are perfect for automation. Reconciling discrepancies, delicate customer service conversations, and using data to generate strategic plans and innovative solutions are examples of tasks that benefit from a human touch.

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Billing cycle definition

Accounting Tools

Customers generally prefer to receive invoices from a supplier on a consistent date, which makes it easier for them to plan their outgoing cash payments. Consequently, the choice of billing cycle must balance improved cash flows against customer service.

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