PYMNTS

SEPTEMBER 23, 2020

Intelligent Collections will provide real-time visibility and predictive tools to show accounts receivable departments which accounts might be late on payments or delinquent, according to the release.

Automation

The Finance Weekly

NOVEMBER 3, 2021

For both internal and external sources, each balance has to match the corresponding account in the general ledger. Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process. Adopting Superior Methods in 2021.

Reconciliation

FloQast

NOVEMBER 11, 2024

In every accounting department I’ve been a part of, a crucial period rolls around at the end of each month: the month-end Close. The month-end close process is the culmination of a month’s worth of financial transactions, when all hands are on deck to ensure the company’s financial records are accurate and up-to-date.

Reconciliation

Nanonets

JUNE 24, 2024

Credit cards have made it easier for businesses to process payments. The accounting team must reconcile the credit card transactions received with the proofs received via the merchant service provider or payment processor, such as Paypal. In the U.S. alone, credit card balances exceeded $1 trillion during the pandemic.

Reconciliation

Nanonets

JANUARY 31, 2024

Month-end close is a widely accepted accounting standard that is aimed at keeping an accurate set of financial records and detecting errors/fraud. Month-end reconciliation is the most important part of the month-end close process. Let’s see how you can streamline this process: How to simplify month-end reconciliation?

Best Practices

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Each balance should match its corresponding entry in the general ledger for any source. Accounting firms typically spend 2-3 days on average doing manual reconciliations.

Reconciliation

FloQast

JANUARY 22, 2024

For bank reconciliations, the accounting software will automatically match the corresponding entries (between the bank and the cash ledger), remove duplicate transactions, and identify outstanding transactions. We’re talking about faster processes and workflows instead of lengthy and tiresome manual processes.

Automation