Accounting Tools

MAY 21, 2023

The assertion is that all transactions have been recorded within the correct accounts in the general ledger. The assertion is that all business events to which the company was subjected were recorded. The assertion is that the full amounts of all transactions were recorded, without error. Classification. Completeness.

Auditing 75

Auditing Financial Statements General Ledger Accounting 75

Accounting Tools

DECEMBER 20, 2023

Transaction Entry A transaction entry is the primary type of business event for which the accountant would create an accounting entry. Related AccountingTools Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook Types of Accounting Entries There are three primary types of accounting entries, which are noted below.

Accounting 75

Accounting Accounting Accruals General Ledger 75

Accounting Tools

DECEMBER 26, 2023

A business transaction is an economic event with a third party that is recorded in an organization's accounting system. Once business transactions are entered into these journals, they are periodically aggregated and posted to the general ledger. Lower-volume transactions are posted directly to the general ledger.

General Ledger 40

General Ledger Financial Statements Purchase Order Accounts Payable 40

Accounting Tools

SEPTEMBER 8, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is the General Journal? The general journal is part of the accounting record keeping system. When an event occurs that must be recorded, it is called a transaction , and may be recorded in a specialty journal or in the general journal.

General Ledger 40

General Ledger Record Keeping Bookkeeping Accounts Payable 40

Nanonets

MAY 21, 2024

Following Significant Events : Accounts receivable reconciliation should be conducted following significant events that may impact customer transactions, such as mergers, acquisitions, or changes in business operations. Reconciliation helps businesses prioritise collection efforts and reduce the risk of bad debts.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables General Ledger 52

Nanonets

MAY 2, 2024

NetSuite users with SuiteFlow can set up and test their workflows without programming by indicating Basic Properties and stages, conditions, and event triggers for actions with field data entry and a workflow diagram, using the NetSuite Customization menu for Workflows.    Why are NetSuite workflows so convenient? 

Invoicing 52

Invoicing Invoice Processing AP Purchase Order 52

Accounting Tools

MAY 15, 2023

If the preceding options are not available, it will be necessary to compile the amount from individual accounts in a company's general ledger. Future events. The sale price of a business will incorporate the expectations of the buyer and seller regarding future events, such as a decline in industry activity, or the reverse.

General Ledger 40

General Ledger Financial Statements Accounting Accounting 40

Remote Quality Bookkeeping

JUNE 11, 2024

RQB : Was there a specific moment or event that made it clear to you that a new approach was necessary? Also, since I began working with RQB, Elements Massage has set specific guidelines for franchises to handle their P&L statements, and RQB easily understood those guidelines and set up the general ledger accounts accordingly.

Cloud Bookkeeping 52

Cloud Bookkeeping General Ledger Virtual Bookkeeping Bookkeeping 52

Nanonets

SEPTEMBER 21, 2023

The essential steps of the accounting cycle include analyzing and recording transactions, posting to the general ledger, preparing a trial balance, making adjusting entries, preparing financial statements, making closing entries, and sometimes making reversing entries.

General Ledger 40

General Ledger Financial Statements Accounting Accounting 40

Billing Platform

SEPTEMBER 25, 2023

In the event of an invoice dispute, the customer may pay the portion of the invoice that is not in dispute. The transaction is recorded in the accounts receivable ledger as a credit and deducted from any remaining unpaid receivables. Called a short payment, it adds another layer of complexity for your AR team.

Accounts Receivable 90

Accounts Receivable Accounts Receivable Account Receivables AR 90

Billing Platform

JULY 5, 2023

And billing and revenue management (BRM), is often used by recurring revenue-based businesses that offer subscription-based billing, event-based billing, metered billing, and usage-based billing. The usage of the utility will trigger an event for which usage charges are applied to the customer’s balance in real time.

Billing 52

Billing General Ledger Collections Reconciling 52

AvidXchange

SEPTEMBER 19, 2017

This live event, Tips & Tricks to Prepare for Year-End Close , will take place on September 21 at our new corporate campus located at the AvidXchange Music Factory. In preparation for the event, we sat down with panelist Bill Schiffli, Partner at Scale Finance, LLC. , Roll forward fixed assets: prepaid, expense accruals, etc.

Billing 52

Billing AP Accounts Payable Accounts Payable 52

Accounting Tools

APRIL 8, 2023

It may be useful to create a unique general ledger account for accrued receivables, rather than using the main trade receivables account, in order to clearly show these transactions.

Accruals 40

Accruals General Ledger Invoicing Billing 40

Billing Platform

AUGUST 25, 2023

Our platform enables critical workflows to be completed through event-based triggers, giving you the flexibility needed to streamline and automate your redundant and time consuming processes. When it comes to invoices, the entire invoicing process is automated based on the criteria you define.

General Ledger 52

General Ledger Billing Invoicing Customer Service 52

Billing Platform

AUGUST 14, 2023

Extend Your Enterprise Ecosystem An agile billing system allows companies to easily extend their enterprise ecosystem to include critical applications and systems (both front- and back-office) such as customer relationship management (CRM), enterprise resource planning (ERP), general ledger, tax solutions, payments, and more.

Billing 52

Billing General Ledger Invoicing Collections 52

Billing Platform

JANUARY 31, 2023

In the event of a discrepancy in the amount charged, the issue must be resolved before the invoice can be routed for approval. Enter the Invoice in the General Ledger: Once the invoice is approved, it is entered as a credit in the general ledger’s accounts payable account and classified as an ‘open invoice’.

Invoicing 52

Invoicing Accounts Payable Accounts Payable Invoice Processing 52

Accounting Tools

JUNE 19, 2023

One-Time Events See if there were any operational events that are unlikely to occur again, and strip them out of the results of operations. Debt Review the debt agreements associated with outstanding debt and see if there are any clauses that accelerate payment in the event of a change in control of the business.

Financial Statements 73

Financial Statements Auditing Accounts Payable Accounts Payable 73

Nanonets

FEBRUARY 21, 2024

Intelligent Data Interpretation : Beyond mere extraction, advanced AI algorithms interpret invoice data, automating tasks such as general ledger coding and expense categorization based on historical data and contextual understanding. Zapier - Trigger Event Trigger an event in Zapier with extracted data.

Invoice Processing 52

Invoice Processing Invoicing QuickBooks Data Entry 52

Billing Platform

FEBRUARY 17, 2023

Customer notifications – When critical events happen, you need the ability to send alerts and notifications quickly and effortlessly. This enables your finance teams to execute billing processes at scale, maximize productivity, and minimize manual effort. All without the need for internal development.

Billing 52

Billing General Ledger Invoicing Financial Reporting 52

Nanonets

MARCH 4, 2024

Casualty and Theft Losses : Losses from theft, vandalism, fire, storm, or similar events. Documentation is crucial for substantiating deductions and can be invaluable in the event of an audit. Personal Property Taxes : Taxes on property used in business, like vehicles and equipment. Fully deductible.

Budgeting 52

Budgeting Tax General Ledger Payroll 52

Billing Platform

APRIL 12, 2024

A SaaS billing system that combines billing and revenue recognition simplifies revenue management by assigning financial transactions and executing revenue recognition in real time – as events happen.

Billing 61

Billing Invoicing Collections General Ledger 61

Nanonets

AUGUST 10, 2023

Food and entertainment: This could include your sales team meeting potential clients for meals or grabbing tickets to a networking event. Travel expenses: Think airfare, hotels, rental cars, and gas when the employees are on the road for business. Cut down your costs by 80% in terms of employee and accounting expenses

Data Entry 52

Data Entry Expense Reports Financial Records General Ledger 52

Nanonets

MARCH 12, 2024

Transactions are recorded in a ledger format noting the date, amount, and payment method, with separate sheets for sales, expenses, assets, and other financial events. revenue, expense, asset purchase) and recording it accordingly in the appropriate ledger.

Financial Reporting 52

Financial Reporting Accounting Software Financial Statements Collections 52

Invoicera

APRIL 25, 2024

Its core functionality revolves around “Zaps” – automated processes triggered by specific events like new emails, form submissions, or calendar events. Its accounting capabilities extend to expense management, general ledger, accounts payable/receivable, and multi-currency support.

Invoicing 52

Invoicing Billing Invoice Processing Payroll 52

IMA's Count Me

JANUARY 16, 2022

So I had my accounting and business degrees and I had that piece, but until I went over and learned, okay, where is your general ledger? Yes, events happen around us, but how react to them is entirely within our control. Where are your systems? What do you do? Because at the end of the day, we alone are in control of our lives.

General Ledger 40

General Ledger Accounting Accounting Management Accounting 40

Xero

APRIL 1, 2025

Once thats done, Sumday can pull in your general ledger data for you, minimising the need for manual data entry. From there, you can calculate emissions data, generating estimates, and running reports. Carbon trial balance and carbon general ledger report: Easily access detailed reports that break down your total footprint.

XERO 158

XERO General Ledger Data Entry Bookkeeping 158

FinOps Foundation

OCTOBER 31, 2024

While other disciplines report on cost at a chargeback level, they do this for a monthly and quarterly roll-up of financial reporting at the general ledger level. This total cost visibility improves accountability, ownership, and enables better decision-making around SaaS procurement.

FinOps 130

FinOps FinOps Cloud FinOps General Ledger 130

Cloud Accounting Podcast

JUNE 28, 2020

It is possibly the biggest, most important event in our space, and the booths are very expensive. The banks are getting general ledgers; general ledgers are becoming- the accounting apps are becoming banks. TurboTax is doing events with Square. This is going back to November. They know of QuickBooks Connect.

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40

Cloud Accounting Podcast

JUNE 16, 2020

David Leary: [00:05:06] All right, so, Wave Accounting, which we've talked about before, they got purchased by H&R Block; last year, sometime, they got acquired. Blake Oliver: [00:05:13] They're an accounting application, like general ledger, right? David Leary: [00:05:15] That's correct. You could start using it for free.

QuickBooks 40

QuickBooks Bookkeeping XERO Payroll 40