Remove 2020 Remove Audit Remove Close Processes
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Small, but Mighty: How Cricut’s Accounting Team Helped Ensure IPO Success With FloQast

FloQast

It might be almost four years later, but the events of 2020 should still be fresh in everyone’s minds. As the company prepared for its initial public offering in 2021, Ryan Harmer , Vice President of Accounting and Corporate Controller, recognized the need for a significant transformation in their month-end Close processes.

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What are GL Codes and how to assign them effectively?

Nanonets

The result is a faster, more efficient close process that also saves up your time which can be better spent elsewhere. Reduce Risk of Fraud and Achieve Audit-Readiness : The granularity provided by GL codes offers an invaluable layer of security for businesses.

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Credit Card Reconciliation: What It is and How to Do It?

Nanonets

Billion in 2020 only for North American regions. With the rising company transactions comes the credit card reconciliation or reconciliation process. Nanonets is an AI-based accounting automation software that leverages powerful OCR software, no-code workflows, and out-of-the-box integrations to simplify your accounting processes.

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General Ledger (GL): Definition, Significance, Implementation

Nanonets

Ready for an Audit: If one is audited by the IRS (Internal Revenue Service), it will be simple to formulate the audit since your monetary records are all in one spot. Compliance and Reporting Audit Trails : Records of changes to data for transparency and compliance. This enables you to balance the books.