Remove Accounts Payable Remove Cash Management Remove GAAP Remove Invoicing
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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions. This includes managing invoices, receipts, and payments, as well as reconciling bank statements. A disorganized bookkeeping system causes the rest of the financial accounting hierarchy to be unsound.

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Best Practices from the CFO Suite

BlueLight

One is accounting: you need this done properly to inform the next two. Third is financing and cash management.” Customer relationship management: Salesforce ?—?The Billing and invoicing software: Bill.com ?—?Cloud-based Data challenge: Each month, the CFO suite has to match cash receipt with billing.

CFO 52
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ERP and EPM Systems – Better Together

Planful

Accounts payable. Accounts receivable and collections management. Fixed asset management. Treasury and cash management. General ledger accounting. In most organizations, the accounting/ERP system comes first. Here are some of the key processes supported by an ERP system: Purchasing.