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AI for QuickBooks: Automate invoice and AP management

Nanonets

It can generate invoices from conversations and documents, alert you about payment issues, and recommend steps to improve your financial operations. For instance, organizations processing hundreds of non-standard invoices daily may need more specialized document processing tools.  You can see the same in the GIF above.

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What is document capture?

Nanonets

All organizations, irrespective of size, deal with a myriad of documents that contain vital information and data required for its functioning.    Daily inundated with data in varied forms, manual management of documents and data can easily overwhelm teams, leading to confusion and inefficiency. How does Document Capture Work?

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What are Amex Chargeback Reason Codes?

Fi911

Issuing banks are not obligated to explain their decisions, while acquiring banks and merchants benefit from a clearer understanding of the documentation required for representment. However, research indicates a rising trend of chargebacks being filed for reasons that do not correspond with the assigned codes.

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What are Discover Chargeback Reason Codes?

Fi911

Each reason code corresponds to particular circumstances surrounding the dispute, providing clarity in the chargeback process and guiding the necessary steps for both parties. While issuing banks do not have to clarify their decisions, acquiring banks and merchants gain valuable insights into the necessary documentation for representment.

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Guide to Vendor Account Reconciliation Process

Nanonets

Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions. " Reconciliation in accounting refers to the comparing of details of transactions and financial activities between various documents.

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How To Do Accounts Receivable Reconciliation

Nanonets

Reconciling accounts receivable involves comparing the balances in the accounts receivable ledger with supporting documentation, such as invoices, receipts, and customer payments. Review Sales Transactions: Compare the sales transactions recorded in the accounts receivable ledger with the corresponding sales invoices or sales orders.

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The Accounts Payable 3 Way Match: An In-depth Guide

Nanonets

By 3 way matching supporting documents, companies can detect duplicate, erroneous, or fraudulent payments to vendors. A 3 way match is an internal control process that cross-references a supplier's invoice against its corresponding purchase order (PO) and good received note (GRN). The invoice can now be paid by the AP team.