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. Map different tax rates in Shopify — Global.

XERO 246

XERO Payroll Bank Reconciliation Invoicing 246

Gaviti

NOVEMBER 18, 2024

Invoices can be paid 24/7 through a self-service payment portal. Payments are reconciled automatically, your ERP is updated with the new payment data, and the customer receives payment confirmation within a few minutes. Although there are tax benefits of writing off bad debt, it still negatively impacts the company’s bottom line.

Microsoft Excel 98

Microsoft Excel Account Receivables Accounts Receivable Accounts Receivable 98

Xero

NOVEMBER 2, 2022

You can also find guides on Getting your invoices paid faster , Staying on top of your cash flow , Reconcile bank accounts easily in Xero and Creating professional invoices with ease , with more topics to come. . You may prefer to learn how to set up your small business in Xero through interactive webinars.

XERO 264

XERO Bank Reconciliation Data Entry Reconciling 264

Intuit

SEPTEMBER 9, 2024

Reconciled bank statements monthly, maintaining accurate financial records. Prepared and submitted payroll taxes accurately and on time. Managed accounts payable, processed invoices, and ensured timely vendor payments. Assisted with accounts receivable, sending invoices, and following up on outstanding accounts.

Bookkeeping 246

Bookkeeping Bank Reconciliation QuickBooks Certified Bookkeeper 246

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. This accelerates the entire payment cycle.

Invoicing 40

Invoicing Collections Reconciling Invoice Processing 40

Compleatable

NOVEMBER 15, 2024

Streamlining the PO Matching Process One of the most labour-intensive tasks in finance is matching purchase orders (POs) with invoices. These tools can even handle multi-page invoices and recognise variations in item names, quantities, and costs, cutting down significantly on manual workload.

Accounts Payable 100

Accounts Payable Accounts Payable AP Accounting 100

Xero

SEPTEMBER 1, 2022

GoCardless makes it easy for you to collect one-off, or automated, bank payments for your Xero invoices. Add GoCardless as a payment service in Xero, and apply it to an invoice or invoice template today. You can also attend their breakout session to learn more about the real reasons why you need invoice payments with Stripe.

XERO 52

XERO Invoicing Bookkeeping Collections 52

Intuit

AUGUST 30, 2024

Account management: They manage accounts payable and receivable, process invoices, reconcile accounts, and ensure timely payments and collections. Payroll processing: Bookkeepers may handle payroll functions, calculating salaries, deductions, and taxes. Looking for an accounting or bookkeeping job?

Bookkeeping 246

Bookkeeping Financial Statements Accounting Accounting 246

Intuit

SEPTEMBER 19, 2024

Government can help by supporting the adoption of digital payment tracking tools, encouraging favourable invoice payment terms, and incentivising expedited payments. UK accountants believe that Making Tax Digital (MTD) improves efficiency, increases accuracy, and boosts business growth.

Accounting 244

Accounting Accounting QuickBooks Tax 244

Counto

FEBRUARY 22, 2025

Keeping track of these ensures: Accurate cash flow forecasting Identification of delayed or missing payments Better financial planning and tax compliance 5. Regularly Reconcile Transactions Reconciling sales data with bank statements and payment processors prevents discrepancies.

Reconciling 52

Reconciling Accounting Accounting Data Entry 52

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?

Invoice Processing 98

Invoice Processing Invoicing Data Entry Computation 98

Counto

DECEMBER 7, 2024

Only Checking Financial Statements Annually Why This Happens: Many SMEs in Singapore only review financial statements once a year, often because they feel its only necessary during tax season or after a year has passed. Example: John, a bakery owner in Singapore, only looks at his financials when his accountant sends them for tax season.

Financial Statements 52

Financial Statements Reconciling Accounts Payable Accounts Payable 52

Counto

DECEMBER 16, 2024

Efficient Meeting Preparation for Financial Discussions Meetings focused on financial performance, tax filings, or compliance updates are essential for any SME. Generates a list of questions or topics related to financial matters such as tax filings or cash flow. What should I focus on first based on deadlines and importance?

Financial Reporting 52

Financial Reporting Financial Statements Bookkeeping Tax 52

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. Reconcile accounts promptly to identify discrepancies.

Billing 52

Billing Invoicing Accounts Payable Accounts Payable 52

AvidXchange

DECEMBER 20, 2024

Tax season is a busy time for finance departments. According to H&R Block , a 1099 is a tax form used in the United States to report various types of income that are not wages, salaries, or tips. It is commonly issued to independent contractors, freelancers, or supplier s who have been paid $600 or more during the tax year.

AP 52

AP Data Entry Accounts Payable Accounts Payable 52

Less Accounting

MAY 9, 2023

Once you’ve cleaned your bookkeeping, your business will be better prepared for growth, tax season, and investment opportunities. You are looking to gather all of your bank statements, receipts, invoice, and other related financial information. They can provide you with a printout list of each transaction or invoice between you.

Bookkeeping 98

Bookkeeping Accruals Reconciling Accounting Software 98

Less Accounting

DECEMBER 1, 2023

January also marks the kick-off of tax season. Reconcile Accounts You won’t get far if your books aren’t up to date. Take the time to reconcile bank statements, credit card statements, and any other financial accounts. Tax and Legal Compliance: 7. How’s your accounting and invoicing software performing?

Accounting 105

Accounting Accounting Bookkeeping Budgeting 105

CapActix

MARCH 12, 2025

Navigating transactions across different platforms, staying abreast of constantly changing sales tax codes, and properly monitoring expenses can quickly become daunting. The intricate nature of sales tax legislation makes accounting services for ecommerce businesses a necessity in maintaining compliance.

Accounting 52

Accounting Accounting Bookkeeping Services Bookkeeping 52

CapActix

APRIL 30, 2023

Based on your current location, you can find pros who can help you with multiple issues such as tax preparation, outsourcing QuickBooks accounting, offsetting expenses, and so much more. For instance, someone might have to create invoices more and someone less – it completely depends upon your client’s requirements.

QuickBooks 98

QuickBooks Reconciling Accounting Software Invoicing 98

Less Accounting

SEPTEMBER 3, 2024

Tax season can be a daunting time for small business owners. From gathering receipts to navigating complex tax codes, the process can feel overwhelming. However, with the right strategies in place, tax preparation can become a smooth and manageable task. Get Caught Up Overwhelming by bookkeeping backlog? We can help!

Tax 59

Tax Financial Records Reconciling Bookkeeping 59

Nanonets

JUNE 27, 2024

Why is it Important to Reconcile your Bank Account? Reconciling the bank statement involves comparing the company's internal financial records or ledger to the bank statement received via the bank. How Often Should You Reconcile Your Bank Statements? They can benefit by reconciling their bank statements monthly.

Reconciling 40

Reconciling Bank Reconciliation Deposits Accounting 40

Invoicera

AUGUST 16, 2023

Ever Puzzled over an invoice and wondered how it all works? Invoices play a key role in business transactions, ensuring we get paid on time. You need to know the ins and outs of the invoice payment process to make the most of them. Ready to become an invoice pro? What is an invoice? You are in the right place.

Invoicing 52

Invoicing Record Keeping Reconciling Billing 52

Invoicera

MARCH 26, 2024

Introduction Ever Puzzled over an invoice and wondered how it all works? Invoices play a key role in business transactions, ensuring we get paid on time. You need to know the ins and outs of the invoice payment process to make the most of them. Ready to become an invoice pro? What is an invoice?

Invoicing 52

Invoicing Purchase Order Record Keeping Reconciling 52

Invoicera

DECEMBER 19, 2023

Introduction Have you ever found yourself juggling incomplete payments on your invoices? Imagine sending out a substantial invoice for a project, eagerly anticipating the full payment to fuel your operations, only to receive a fraction of the expected amount. ” In this case, the right tool is an invoicing solution like Invoicera.

Invoicing 52

Invoicing Reconciling Budgeting Financial Reporting 52

Nanonets

JULY 14, 2024

If you're looking to streamline your invoicing, you're making a smart move that could save your company time and money. Many businesses face challenges with invoice processing —from data entry errors to delayed payments. Modern invoice management tools automate much of the process. Let's get started.

Invoicing 52

Invoicing AP Invoice Processing Data Entry 52

Invoicera

JULY 10, 2023

To streamline this process, businesses are embracing automated invoicing, which facilitates efficient expense management while saving valuable time you would have otherwise spent on manual invoicing. You can manage your multiple invoices and clients through one centralized platform.

Invoicing 52

Invoicing Invoice Processing Budgeting Record Keeping 52

LedgerDocs

SEPTEMBER 20, 2023

They are responsible for maintaining accurate and organized records to ensure that the organization remains compliant with tax regulations and allows for all employees of the company to locate critical company history easily. Canadians are required to store documents relating to their tax return for at least 6 years incase of an audit.

Data Entry 105

Data Entry Invoicing Bookkeeping Financial Reporting 105

Invoicera

JULY 10, 2023

To streamline this process, businesses are embracing automated invoicing, which facilitates efficient expense management while saving valuable time you would have otherwise spent on manual invoicing. You can manage your multiple invoices and clients through one centralized platform.

Invoicing 52

Invoicing Invoice Processing Budgeting Record Keeping 52

Invoicera

DECEMBER 19, 2023

Introduction Have you ever found yourself juggling incomplete payments on your invoices? Imagine sending out a substantial invoice for a project, eagerly anticipating the full payment to fuel your operations, only to receive a fraction of the expected amount. ” In this case, the right tool is an invoicing solution like Invoicera.

Invoicing 52

Invoicing Reconciling Budgeting Financial Reporting 52

Billing Platform

MARCH 17, 2023

Considered a subset of subscription-based billing, software-as-a-service (SaaS) billing refers to the process of generating invoices and collecting payments. Those 1) creating the invoice, 2) sending the invoice, and 3) collecting payment from the customer. At its highest level, the billing process consists of three steps.

Invoicing 52

Invoicing Billing Collections Reconciling 52

Nanonets

APRIL 1, 2024

If you've ever spent hours chasing down missing invoices, manually entering data , or chasing colleagues for approvals, you know the pain of inefficient accounts payable (AP) processes. Both offer features like invoice processing, approval workflows, payment execution, and integrations with popular accounting software.

AP 98

AP Accounts Payable Accounts Payable Invoicing 98

Nanonets

FEBRUARY 21, 2024

In essence, while QuickBooks provides the foundation for solid financial management, the manual processing of invoices acts as a brake on potential efficiency gains. Real-Time Data Sync with Workflow Automation : OCR and invoice scanning software today synchronize data with QuickBooks and other apps (Slack, Email, Stripe, etc.)

Invoice Processing 52

Invoice Processing Invoicing QuickBooks Data Entry 52

Jetpack Workflow

DECEMBER 4, 2024

Easing the Pressure of Skilled Talent Shortages An exciting AI application in the accounting world is its potential to enable non-tax professionals to take on some of a firm’s workload, allowing CPAs to work more efficiently and focus on strategic tasks that require their expertise.

General Ledger 52

General Ledger Accounting Accounting Auditing 52

Nanonets

NOVEMBER 19, 2023

Settlement of invoices isn’t simply about paying off a bill. It's a process that ensures every payment, adjustment, or write-off tied to an invoice is accounted for and settled. The key is ensuring the invoice settlement process is done correctly and efficiently. What is the settlement of an invoice?

Invoicing 52

Invoicing Account Receivables Accounts Receivable Accounts Receivable 52

Nanonets

SEPTEMBER 21, 2023

To effectively manage procurement and financial processes, it is crucial to understand the distinction between a  purchase order  and an  invoice. On the other hand, an  invoice  is sent by the seller to request payment once the order is fulfilled.

Purchase Order 52

Purchase Order Invoicing Financial Records Record Keeping 52

Accounting Tools

OCTOBER 9, 2023

Step 1: Verify Receipt of Supplier Invoices Compare the receiving log to accounts payable to ensure that all supplier invoices have been received. Accrue the expense for any invoices that have not been received. Issue any invoices that have not yet been prepared. Repeat until all errors have been corrected.

Financial Statements 75

Financial Statements General Ledger Bank Reconciliation Invoicing 75

Invoicera

MAY 3, 2024

Introduction In the hectic world of law firms, keeping track of invoices effectively can frequently feel like sorting through a maze of details. It has significantly reduced stress, increased accuracy, and made managing invoices a seamless experience. Finding it challenging to reconcile client payments? Did You Know?

Billing 52

Billing Invoicing Invoice Processing Auditing 52