PYMNTS

FEBRUARY 27, 2018

Small businesses (SMBs) in particular can have trouble not only gaining access to their financial data, but also making sense of it. For franchise owners, financial data isn’t just stored across systems; it’s stored across various business locations, making financial analysis even more difficult.

Checks 40

Checks B2B FinTech Small Business 40

Nanonets

JUNE 15, 2023

Accurate data supports informed decision-making, positively impacting your business's financial performance. Cost-effective operations Automated accounting can lower labor and automation costs, making financial management more affordable. It streamlines various accounting processes and enhances efficiency and accuracy.

Automation 52

Automation Accounts Payroll Process 52

Nanonets

MARCH 4, 2024

Business expense categories are a systematic classification of costs incurred during the operation of a business, designed to organize and track financial outflows for purposes such as tax preparation, budgeting, and financial analysis. Approval Workflow Managers receive notifications in their digital workspace (e.g.,

IRS 52

IRS Online and Mobile Banking Credit Cards Automation 52

Nanonets

AUGUST 22, 2023

Finance and Banking: Financial institutions deal with vast amounts of data, including transaction records, account balances, investment portfolios, and risk assessments. Excel automation can streamline financial analysis, reporting, budgeting, and regulatory compliance processes.

Automation 52

Automation Process Volume Consulting 52

Nanonets

SEPTEMBER 23, 2024

Key aspects of bank statement analysis Transaction categorization: Classify entries as deposits, withdrawals, transfers, payments, etc. Expense analysis: Review outgoing payments such as vendor payments , payroll, and operational costs. Why is bank statement analysis important?  

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Nanonets

FEBRUARY 13, 2024

Personnel Costs : Salaries, wages, benefits, and payroll taxes fall into this category. Platforms like Nanonets, QuickBooks, Xero, or FreshBooks can automate the tracking of expenses, invoicing, and payroll, significantly reducing the potential for human error and saving time.

IRS 52

IRS Automation Adjustments Audit 52

Nanonets

SEPTEMBER 18, 2024

💡 Key documents: Lease agreements, tenant forms , property inspection reports , sale contracts, loan estimates , settlement statements , property loss notices Healthcare Healthcare is a sector that deals with a large variety of sensitive documents, both financial and non-financial.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Nanonets

APRIL 24, 2023

Payroll documents: These documents provide information on an employee's salary and deductions. Business sectors that routinely use bank extracts Businesses of all types are increasingly benefitting from the process of extracting financial data from bank statements.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

EBizCharge

JULY 17, 2024

Understanding the difference between G&A and SG&A allows for more accurate financial analysis and better cost-control strategies. Businesses’ primary goal is to manage and minimize these expenses without compromising efficiency or productivity to enhance overall profitability.

Product 52

Product Adjustments Assessments Legal 52

Nanonets

MAY 8, 2023

Every day, the bookkeeper is busy handling transaction entries, invoicing customers and dealing with late accounts, reconciling accounts, keeping up with payables, and overseeing payroll. Bookkeeping is the hands-on part of the financial care of the business. She closes out the accounts at the end of the month and balances the books.

Automation 52

Automation Accounts Reconciliation Audit 52

Nanonets

FEBRUARY 28, 2024

This meticulous document serves as the foundation for a company's financial statements, categorizing and recording each transaction. Through this rigorous organization, it provides an essential snapshot, offering a comprehensive view of the company's financial health and facilitating detailed financial analysis and reporting.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

Nanonets

JUNE 18, 2024

45 Business Expense Categories for Businesses & Startups Business expense categories are a systematic classification of costs incurred during the operation of a business, designed to organize and track financial outflows for purposes such as tax preparation, budgeting, and financial analysis.

Automation 52

Automation Process IRS Compliance 52

Nanonets

APRIL 5, 2024

Having corporate cards, bill payments, expense reimbursements, and other non-payroll spend in a single platform provide greater visibility and control. Limitations in customization, filtering, and exporting options can disrupt financial analysis and decision-making.

Automation 52

Automation Multi-Currency Compliance Process 52

Nanonets

FEBRUARY 14, 2024

Similarly, a retail business that uses separate GL codes for inventory purchases and sales is able to accurately calculate the cost of goods sold (COGS), a critical figure for both financial analysis and tax calculations. Simplify Tax Preparation and Maximize Deductions : Utilizing GL Codes makes tax time less daunting.

Transactions 52

Transactions Audit Accounts Automation 52

Stax

JANUARY 23, 2024

Payroll – Companies in need of payroll will also find Xero the winner through its partnership with Gusto to give you full-service payroll integrations. However, because Quickbooks doesn’t devote itself solely to supporting small businesses, its reporting for large companies allows for a more in-depth financial analysis.

Accounts 88

Accounts Payment APIs and Integration Online and Mobile Banking Payroll 88

The Finance Weekly

DECEMBER 2, 2024

However, even with these advanced ERP systems and other third-party software products, most small to large businesses still must manually use Microsoft Excel (Excel) for financial analysis, reporting, and other activities. All involving Excel data manipulation.

Finance 130

Finance Process Accounts Financial Analysis 130

EBizCharge

MARCH 21, 2025

This includes data entry, invoice processing, bank reconciliations, and payroll management, which can be completed seamlessly with AI-driven software. Automation reduces manual work and allows accountants to focus on strategic decision-making, financial planning, and advisory services.

AI 52

AI Accounts Fraud Detection Audit 52