accountingfly

APRIL 25, 2024

FTE Senior Accountant | Candidate ID #19665998 Certifications: NA Education: BS Business Administration Accounting Experience (years): 20 years accounting experience Work experience (detail): 15 in public accounting working with SMBs and nonprofits Full outsourced accounting and financial reporting services 5 years industry at accounting manager, (..)

CPA 52

CPA XERO Accounting Accounting 52

Future Firm

MAY 24, 2023

For kicks, here’s the oldest Xero screenshot that can be found on record (from 2007): Here are some tips to leveraging cloud computing in accounting: Tip 1: Become Cloud Accounting Certified Master the popular cloud accounting systems , like Xero or QuickBooks Online, by becoming certified on their platforms.

Accounting 98

Accounting Accounting Computation XERO 98

Nanonets

JUNE 13, 2024

Best Reconciliation Software Tools Reconciliation software is a tool specifically designed to compare financial data from different sources such as invoices, bank statements, general ledgers, and other financial records. Quickbooks users may use Xero if they are not quite satisfied with the abilities of the former.

Account Reconciliation 52

Account Reconciliation General Ledger XERO Bank Reconciliation 52

Nanonets

APRIL 23, 2024

It involves matching transactions and balances between internal accounting records, such as general ledger accounts, and also external records, such as bank statements or vendor invoices.    By reconciling accounts regularly, businesses can detect errors, discrepancies, and fraudulent activities.

Account Reconciliation 52

Account Reconciliation Bank Reconciliation Reconciling General Ledger 52

Nanonets

APRIL 17, 2024

It is the first step in the accounting cycle and involves recording the transaction in the general ledger. Prepare Journal Entries: Record the journal entries in the company's general ledger or accounting software. Post Entries: Post the journal entries to the appropriate accounts in the general ledger.

Bank Reconciliation 52

Bank Reconciliation General Ledger Deposits Reconciling 52

Nanonets

JULY 21, 2023

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures.

General Ledger 52

General Ledger Account Reconciliation Reconciling Financial Reporting 52

Nanonets

APRIL 12, 2024

Accounts Payable Reconciliation reconciling the accounts payable ledger with supplier invoices and payments to ensure accurate recording of liabilities and timely payment of obligations. The software seamlessly integrates with hundreds of tools, including Gmail, Quickbooks, Xero, and Stripe, ensuring compatibility and ease of adoption.  

Account Reconciliation 52

Account Reconciliation Reconciling General Ledger Accounting 52

CapActix

OCTOBER 10, 2023

This advanced software offers a comprehensive range of features, including payroll management, report generation, expense tracking, and even tools for auditing and tax preparation support. Investing in the best accounting software for CPAs and accounting firms designed to facilitate the operations of accounting business is a prudent decision.

Accounting Software 52

Accounting Software Accounting Accounting Data Entry 52

MineralTree

MARCH 30, 2023

Once the system extracts the invoice data, it automatically codes and categorizes the information to the correct general ledger accounts. It also provides a better audit trail than manual methods. Streamlined Company Audits: Automated AP software creates an audit trail with evidence of who did what, and when.

AP 79

AP Accounting Accounting Invoicing 79

Nanonets

APRIL 29, 2024

This software enables finance professionals to compare and match transactions and balances recorded in the general ledger with external sources such as bank statements, vendor invoices, and other financial documents. Accuracy and Data Integrity : Accuracy is paramount in balance sheet reconciliation.

Reconciling 52

Reconciling General Ledger Auditing Bank Reconciliation 52

Nanonets

FEBRUARY 6, 2024

Determine the scope of your work and gather documents like general ledger/invoice/bank statements, etc. The external transactions go through the routine account reconciliation procedure, where the general ledger is matched with documents like bank statements. This is essential for financial reporting and tax compliance.

General Ledger 52

General Ledger Financial Statements Reconciling Collections 52

Nanonets

MAY 7, 2023

The process of credit card reconciliation may be integrated into the software you use for accounting, as it is in QuickBooks; however, it is also possible that you will need an additional tool like accounting automation software to assist you with this process. This step is referred to as "balancing" the statement.

Bank Reconciliation 52

Bank Reconciliation General Ledger Reconciling Account Receivables 52

Jetpack Workflow

JULY 19, 2024

These applications support services like tax preparation and financial reporting, giving you a centralized location to manage clients’ financial transactions and their general ledger. The software offers an exclusive platform for accounting firms called QuickBooks Online Accountant.

CPA 52

CPA Payroll Accounting Accounting 52

Nanonets

JULY 14, 2024

Automatically update financial records in the balance sheet, general ledger , PnL, and more. QuickBooks Online Source QuickBooks Online is a cloud-based accounting software that's become a popular choice among many small to medium-sized businesses. Reconcile invoices with 2, 3, and 4-way matching. on Capterra and G2.

Invoicing 52

Invoicing AP Invoice Processing Data Entry 52

Nanonets

NOVEMBER 15, 2023

Nanonets  AP automation  integrates with QuickBooks, Xero, and Sage, allowing you to go fully paperless. Finally, they'd have to painstakingly reconcile these payments against the original invoices and the general ledger. But the paperwork and bureaucracy often stand in the way.

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

CapActix

MARCH 23, 2023

Accountants use data analytics tools for risk management, budgeting, tax consulting, forecasting, and auditing. A general accounting ledger includes all the assets, liabilities, expenses, and income to maintain all the financial records in one place. Visual analytics tools make finance more analytical and more efficient.

Accounting 98

Accounting Accounting CPA Accounting Software 98

Nanonets

SEPTEMBER 25, 2024

  Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Maintain an efficient audit trail for future retrieval. general ledgers ). Monitor and review Regularly auditing data quality is vital for maintaining accuracy and compliance. 

Financial Reporting 52

Financial Reporting Data Entry Accounting Software General Ledger 52

Nanonets

MAY 8, 2023

Worst case – your business may not survive a financial audit at tax time without the proper records. Automate general ledger entries, GL coding, invoice management , and more. If necessary, she may audit the financial statements and discuss them with the owner. ” This could be a dangerous error.

Bookkeeping 52

Bookkeeping Financial Statements Accounting Software Reconciling 52

Nanonets

JUNE 29, 2023

Integration with NetSuite, Quickbooks Online, Xero, and Sage Intacct, Integration with Slack, allowing employees to receive alerts, handle requests, and obtain approvals directly within the Slack interface. Businesses can set up rules and workflows to streamline expense review and automate the auditing process.

Budgeting 52

Budgeting Expense Reports Data Entry Invoicing 52

Nanonets

APRIL 16, 2023

Artificial intelligence is used to learn from past experience and suggest specific general ledger (GL) codes or approval routing paths. It should help a business create an ongoing audit trail that can be managed and accessed at any time. All payment remittance advice is rolled up into one clear report.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Nanonets

MARCH 4, 2024

💡 It's essential for businesses to maintain detailed records of all expenses to substantiate deductions in case of an IRS audit. Platforms like Nanonets, QuickBooks, Xero, or FreshBooks can automate the tracking of expenses, invoicing, and payroll, significantly reducing the potential for human error and saving time.

Budgeting 52

Budgeting Tax General Ledger Payroll 52

Nanonets

AUGUST 10, 2023

This ensures all claims are compliant, reducing the risk of audits and penalties. Simplifies reporting: Automated tools generate detailed reports, making it easier to analyze data and gain insights into your spending patterns. Maintaining an audit trail becomes effortless, and you can avoid any potential legal issues.

Data Entry 52

Data Entry Expense Reports Financial Records General Ledger 52

Nanonets

JULY 24, 2023

Inaccurate reconciliations can result in penalties during audits, posing a risk to compliance and financial stability. Accurate Financial Reporting: Reconciling account balances in the general ledger (GL) with external documentation ensures the validity and accuracy of financial reporting.

Account Reconciliation 52

Account Reconciliation Reconciling Financial Records Financial Statements 52

Nanonets

MAY 11, 2023

The accounts payable invoice processing personnel record the invoice in ledgers with an identifying code (the General Ledger or GL code). The invoice and payment details are archived in the GL for future audits.  This can lead to accrued liabilities over time, escalating pressure at audit periods, and non-compliance.

Invoice Processing 52

Invoice Processing Invoicing AP Accounts Payable 52

Invoicera

MARCH 22, 2024

The familiar names are Invoicera, FreshBooks, and QuickBooks. Invoicera protects your sensitive data with 2-factor authentication, access controls, and regular audits. With Android and iOS mobile apps, Invoicera makes it easy to access data and generate invoices from anywhere. But Invoicera is here to rescue you.

Billing 52

Billing Invoicing Invoice Processing QuickBooks 52

Nanonets

DECEMBER 11, 2023

Pros Nanonets integrates with QuickBooks, Xero, Sage, NetSuite, and other top ERPs and business systems. This makes it difficult for them to reconcile their general ledger, chase down any errors, and can ultimately slow down the accounting cycle overall.   Cons Airbase lacks reporting capabilities according to some users.

Invoice Processing 52

Invoice Processing Invoicing AP Accounts Payable 52

Nanonets

OCTOBER 1, 2024

The invoice is then entered into the accounting system with proper coding for general ledger accounts, cost centers, and project codes. The invoice is then filed for future reference or audits, completing the validation process. This leads to an overpayment, which is only discovered during the next audit cycle.

Invoicing 40

Invoicing AP Invoice Processing Purchase Order 40

IMA's Count Me

JULY 29, 2019

And then right after that is that data analytics of proactive data monitoring program is actually the number two way with surprise audits actually. Mitch : (06:59) So can you walk us through a little bit of your, you know, normal investigative work. What are some of the costs of doing a program internally for an organization?

CPA 40

CPA QuickBooks General Ledger Financial Statements 40

Nanonets

MARCH 22, 2024

With integration into major accounting and ERP systems like QuickBooks, Sage, and Xero and automation tools like Zapier, businesses can use best-in-class OCR to extract and export critical information from any invoice format. Extensive ERP integrations: Connects with major systems like QuickBooks, Xero, Sage, and more.

AP 40

AP Invoice Processing Invoicing Billing 40

AvidXchange

SEPTEMBER 1, 2017

Whether your business uses Quickbooks , Oracle JD Edwards, SAP, Oracle NetSuite , or one of dozens of other accounting and enterprise resource planning (ERP) packages, your payment application should directly integrate. This means every payment is automatically recorded on the general ledger.

Billing 52

Billing Deposits Invoicing Computation 52

Nanonets

FEBRUARY 19, 2024

Consistency not only makes it easier to reference and organize receipts but also streamlines the process for reviewing and auditing financial records. Nanonets AI allows for automatic categorization according to your own framework and even assigns General Ledger (GL) codes, streamlining the process of financial reporting and analysis.

Record Keeping 52

Record Keeping Financial Records Tax General Ledger 52

Cloud Accounting Podcast

APRIL 28, 2020

Then, it was all hands on deck for a lot of other processes, like financial reporting, or FP&A, or audit prep, or what have you. [00:07:35] The challenges we had was, as we scaled, we added more, and more people to the team. Then, to the right of that number, you're gonna type in either TB or GL, for trial balance or for general ledger.

Auditing 40

Auditing Accounting Accounting XERO 40

Future Firm

NOVEMBER 9, 2022

If you’re looking to automate accounting processes in 2023, here are some steps you can take: 1) General Ledger Accounting Software. accounting automation software) for your general ledger is far superior to desktop accounting software when it comes to automation. How to Automate Your Accounting in 15 Key Areas.

Accounting 98

Accounting Accounting Accounts Payable Accounts Payable 98

Future Firm

APRIL 10, 2022

And with all the financial data that accounting software providers like Xero & Quickbooks have at their disposal, they’re now able to predict things like a company’s cash flow position. Check out QuickBooks Online can do this with their cash flow planner tool: This means you can leverage these kinds of features to help speed up your work.

Accounting 111

Accounting Accounting Bookkeeping XERO 111

Cloud Accounting Podcast

JUNE 28, 2020

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. Since QuickBooks Live was announced? on Friday, June 26.

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40

Cloud Accounting Podcast

JULY 20, 2020

Regulator Orders Big Four to Separate Audit Practices by 2024 – Wall Street Journal 32:27 – Debating the CPA License: Martin Zych + Blake Oliver + Brian Tankersley - CPA Review & More 33:40 – FASB Concepts Statement No. 8 – Conceptual Framework for Financial Reporting. David Leary: [00:04:53] I heard about that.

Accounting 40

Accounting Accounting Auditing QuickBooks 40

Cloud Accounting Podcast

MARCH 14, 2025

to rehire fired probationary workers, we dig into the tax trick Dr. Oz used to pay no Medicare taxes, AICPA in pointless talks with the IRS, Digits takes on QuickBooks with AI-powered GL, remote accounting jobs in retreat, and more! This week on the pod: Judge orders 6 agencies (including IRS?)

General Ledger 40

General Ledger Tax QuickBooks Auditing 40