AvidXchange

FEBRUARY 13, 2024

who manages all incoming and outgoing payments. With more time back, they can focus on project management initiatives to grow the business. “Since we chose to receive payments via AvidPay Direct, it has saved our team an hour per week when applying payments and another hour around the reconciliation process.

Outgoing Payments 52

Outgoing Payments Deposits Accounts Receivable Accounts Receivable 52

AvidXchange

AUGUST 23, 2024

Discount management : Certain AP automation software can identify and prioritize invoices from suppliers that offer early payment discounts, helping the company benefit from these savings by automatically processing payments within the discount period.

AP 52

AP Accounts Payable Accounts Payable Data Entry 52

Nanonets

SEPTEMBER 23, 2024

In this blog, we’ll explore what bank statement analysis is, why it matters for your business, and how new technology is making it easier and more effective than ever.  Key aspects of bank statement analysis Transaction categorization: Classify entries as deposits, withdrawals, transfers, payments, etc.

Outgoing Payments 52

Outgoing Payments Data Entry Microsoft Excel Auditing 52

Counto

NOVEMBER 13, 2024

Bank Reconciliation Reconciling your business’s bank accounts with your bookkeeping records ensures that all transactions are accounted for, and discrepancies are caught early. Why It’s Important : Regular reconciliation helps prevent errors, such as duplicate transactions or missed payments, and ensures your financial records are up-to-date.

Bookkeeping 40

Bookkeeping Bank Reconciliation Financial Records Outgoing Payments 40