Gaviti

NOVEMBER 21, 2024

Taking a Reactive Approach to Accounts Receivables When A/R teams respond to issues only after invoices go unpaid for a long time, it creates unnecessary stress and delays. Reach out to customers as soon as an invoice is late, send reminders well in advance, and automate cash application and ERP integration for seamless A/R management.

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oAppsNet

JANUARY 2, 2025

One of the most critical aspects of economic vitality is efficiently managing the invoice-to-cash (I2C) process. This process encompasses everything from issuing invoices to receiving payments and directly influences cash flow, profitability, and overall business performance.

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Invoicera

NOVEMBER 26, 2024

Let’s be honest: invoicing can be a headache. So why does invoicing have to be such a stressful process? Welcome custom invoicing software , which solves all your billing troubles. Are you feeling ready to leave stress behind and level up your invoicing experience? Top 10 Custom Invoicing Software Picks 1.

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Compleatable

MARCH 27, 2025

This article explores the core features of Ariett and demonstrates how Compleat Software delivers equivalent or superior capabilities, ensuring a seamless transition for businesses aiming to optimize their financial processes. Compleat’s duplicate invoice checking and supplier bank validation features enhance accuracy and security.

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Xero

MAY 23, 2023

In this article we’ll cover four tips for staying ahead of the curve this summer so you can make the most of the season. Tip 1: Streamline your invoicing process The best way to gain control over your payments influx is to make sure you have a proper system in place to manage them.

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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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Invoicera

FEBRUARY 14, 2025

Finding yourself asking, like many others, “What’s the best invoicing software for independent contractors?” We will start by explaining how invoicing software can benefit contracting companies and what it entails for the construction industry. Why Do Contractors Need Smart Invoicing Solutions?

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Fidesic blog

FEBRUARY 24, 2023

In this article we will discuss Microsoft Dynamics GP AP workflow capabilities, when to use them, how to use them and alternatives for best results.

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Xero

AUGUST 22, 2023

Short-term cash flow in Xero Analytics Plus now includes predictions for recurring invoice and bill payments, giving small businesses a clearer picture of their potential future cash flow. Businesses can choose to include future invoice and bill payments, collectively or individually, within their cash flow forecast.

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Xero

JUNE 12, 2024

You’ll be able to Just Ask Xero to complete tasks such as generating an invoice or editing a quote right from the apps and devices you commonly use. You won’t have to open up Xero to complete tasks like generating an invoice – just send an instruction to JAX via text message, WhatsApp message or email.

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Xero

NOVEMBER 30, 2022

The invoice list in the Xero Accounting app (Android only) is being refreshed, making it easier for you to view and find information about your business. New customers default to new invoicing — Global. We’ve started to make new invoicing the default experience for new Xero customers. Get help within Xero — Global.

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Xero

JANUARY 12, 2023

The latter is a perfect solution for clients on yearly manual records, while our cashbook product is designed for clients who use spreadsheets and don’t need invoicing. Our support strategy is content-led, which means we try to answer your questions proactively through articles, serving up content with instant answers.

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Accounting Tools

OCTOBER 6, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook Payables Management What is an Invoice? An invoice is a document submitted to a customer , identifying a transaction for which the customer owes payment to the issuer. Related Articles PDF Invoices (podcast) The Proper Invoice Structure The Statement of Account

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oAppsNet

NOVEMBER 1, 2024

This article will explore the essential standards your AR team should embrace to streamline workflows, improve customer relationships, and optimize cash flow. Clear, Consistent Invoicing Accurate and timely invoicing is the foundation of a vital AR process. But what separates an average AR team from a high-performing one?

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Gaviti

MARCH 5, 2025

This article examines the rising threat of fraudulent activities targeting accounts receivable, the necessity of a robust fraud prevention strategy, common fraud schemes that businesses must be aware of, and actionable steps on how to prevent accounts receivable fraud in 2025.

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oAppsNet

DECEMBER 10, 2024

In this article, we’ll explore the most common methods of accounts payable fraud, the warning signs to watch for, and how to protect your business against these types of fraud. In vendor fraud, a fraudster may set up a fake vendor account to submit fraudulent invoices.

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oAppsNet

NOVEMBER 12, 2024

This article will explore accounts payable fraud, its different forms, and how to spot it before it causes severe damage. It could be an inside job—an employee creating fake vendor accounts—or an external scammer submitting phony invoices. Invoice Fraud Invoice fraud is one of the most widespread forms of accounts payable fraud.

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oAppsNet

DECEMBER 31, 2024

This article will explore the typical red flags of AP fraud and provide actionable strategies to help organizations mitigate this risk. This can involve unauthorized payments, false invoices, duplicate payments, or kickbacks. Fraudsters may create fake vendors to submit false invoices and siphon funds.

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AvidXchange

JANUARY 10, 2025

AP Automation ROI Calculator Monthly Invoices Processed Select 100 - 250 251 - 500 501 - 750 751 - 1500 1501 - 2500 2501 - 3900 3901 - 5000 5001 - 7000 7001 - 9000 9001 - 10000 CALCULATE Potential Savings Amount * Potential Savings vs Current Spend * * Savings based on potential materials and labor cost reductions.

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The Institute of Financial Operations

APRIL 1, 2022

How many invoices do you process per annum? This provides you with the number of invoices processed per FTE per annum. According to analysts, high performing AP departments outperform all others and process 27,097 invoices per FTE, per annum (APQC). This could skew your results and thinking.

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Counto

NOVEMBER 14, 2024

Seamless Tracking for Your Essential Documents Imagine this: you’ve just uploaded a batch of invoices, some requiring special handling. With live tracking, you’ll see the progress of invoices, bank statements, and more as they move through each stage of processing. Let’s say payments to Caesar Inc. No more guesswork, no more waiting.

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Counto

FEBRUARY 19, 2025

Scammers are becoming more sophisticated, using phishing emails, fake invoices, and unauthorised transactions to exploit vulnerabilities in payment processes. Invoice Fraud Fraudsters create fake invoices that appear legitimate and send them to businesses for payment. Common Types of Bill Payment Fraud 1. Learn more here.

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AvidXchange

FEBRUARY 7, 2025

For example, you may be able to use an API to connect your procurement system and your accounts payable (AP) software to enable purchase order and invoice matching. Better Collaboration An IBM article notes that without APIs, data silos might exist between departments. Why Use Accounting APIs?

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oAppsNet

DECEMBER 17, 2024

In this article, well guide you through the steps to conduct an effective AP audit, discuss best practices, and highlight key areas to focus on. Gather Relevant Documents Collect all the necessary documents required for the audit, including vendor invoices, purchase orders, payment records, contracts, and approval documents.

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Gaviti

JANUARY 20, 2025

This article dives into the intricacies of the matching principle and explores best practices for integrating it with A/R automation tools for optimal financial accuracy. AR solutions provide detailed records of invoices, due dates, and payment statuses. Revenue is recognized accurately when earned and Associated costs (e.g.,

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AP Association

AUGUST 25, 2022

Missing invoices The most common issue with accounts payable is that many people forget or miss an invoice. This can happen for various reasons, such as not having a system to track invoices or simply being forgetful. Once you have a system in place, review it regularly to ensure that all invoices are accounted for.

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Counto

MARCH 23, 2025

Anytime, Anywhere Access Business owners and finance teams can log in from any device to monitor cash flow, track expenses, and manage invoices. Automated Data Entry Transactions from bank feeds, invoices, and receipts are captured and recorded automatically. Cloud-based accounting services automate many of these tasks, reducing risk.

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Xero

SEPTEMBER 1, 2022

Sometimes, there’s a discrepancy between what is received from the bank and the amount on the customer’s bill or invoice. You can also sort by the date it was created or sent, and bookmark the unique URL of each search for easy access later on. Make adjustments in the Xero Accounting app — Global.

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Invoicera

DECEMBER 27, 2024

Whether you’re looking for global scalability, user-friendly design, or industry-specific compliance, finding the perfect invoicing software can change how you manage your invoicing operations. Many businesses struggle with late payments due to inefficient invoicing systems. GST-compliant invoice generation.

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AP Association

APRIL 12, 2022

Invoices come in and, eventually, money goes out of the company bank account. Don’t rely on manual systems to tell you that you’ve already paid an invoice. Cybercriminals, for instance, could pose as a supplier and demand payment from you using counterfeited invoices. There are also external fraud issues.

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Counto

MARCH 24, 2025

Example: You invoice a client in March but receive payment in April. large invoices unpaid wont show as income) Not suitable if you carry inventory or offer credit terms Not accepted for larger companies or GST-registered businesses in Singapore for tax reporting to IRAS Still doing accounting the old way?

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Counto

DECEMBER 14, 2024

IRAS GST Tax Invoice Requirements: Essential Guide for Business Owners in Singapore For small business owners in Singapore, understanding and complying with the Goods and Services Tax (GST) requirements set by the Inland Revenue Authority of Singapore (IRAS) is crucial. What is a GST Tax Invoice? Customers details : Name and address.

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Counto

MARCH 23, 2025

Key Strategies for Optimising GST Recovery: Track and document your purchases: Keep detailed records of all invoices for purchases made during the expansion. Ensure your vendors are GST-registered: Only businesses that are GST-registered can issue invoices with GST, which you can then claim back. Ready to simplify your tax compliance?

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Counto

NOVEMBER 10, 2024

Documentation and Record-Keeping Proper documentation and record-keeping are essential for GST compliance: Invoices and Receipts : Keep all invoices, receipts, and records of taxable transactions. Example : A restaurant receives an invoice for S$300 for fresh produce, which includes S$21 in GST.

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Counto

MARCH 23, 2025

AI-Powered Data Capture Financial data from invoices, receipts, and bank statements is automatically extracted and entered into the system, reducing human error and saving time. Integration with Business Tools Our AI systems integrate with platforms for payroll, invoicing, and inventory, streamlining your financial operations.

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Counto

FEBRUARY 22, 2025

Steps include: Matching invoices with actual deposits Reviewing transaction reports for inconsistencies Ensuring marketplace fees and commissions are properly recorded 6. Plus, with our AI handling the routine work, you’ll get better insights at a fraction of the cost of a full-time bookkeeper. Ready to upgrade your accounting?

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Gaviti

JANUARY 26, 2025

As you grow, managing invoices, histories, collections, and customer communication in general becomes increasingly unsustainable. In this article, well explore why payment portals are essential, what features to look for, and the top five B2B customer payment portals of 2025.

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