Close Processes Duplicate Wire Transfer 
Nanonets
NOVEMBER 27, 2023
If, after netting payments, you are the organization with an outstanding balance, your AP team will send a wire transfer or physical check for the total balance. It’s important that the invoice approval process does not get overlooked because you could end up overpaying if a duplicate invoice is sent by accident.
Nanonets
JUNE 27, 2024
Reconciliation is a crucial accounting process that ensures the accuracy of the financial close process. The purpose of bank reconciliation is to: Identify accounting errors such as duplicate payments, lost checks, and other human-made mistakes during data entry. Why is it Important to Reconcile your Bank Account?
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