Remove Accounts Payable Remove General Ledger Related Topics

Tipalti Bolsters Accounts Payable Platform With AI-Powered Pi

PYMNTS

To make the complete payables process smarter, global payables automation company Tipalti unveiled its Tipalti Pi integrated payables intelligence engine, according to a press release. B2B Payments accounts payable B2B News Tipalti Tipalti Pi What's Hot In B2B

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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. B2B Payments accounts payable B2B News Palette Software What's Hot In B2B

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How Automation Can Remove Vendor Onboarding Frictions

PYMNTS

The financial account software market is on pace to reach $19 billion in sales over the next five years, and such growth is necessary to match businesses’ fast-paced needs.

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Accounts Receivable Innovations Ease AP Pain

PYMNTS

That means emerging services are multitasking, easing friction for both accounts payable and accounts receivable. Below, PYMNTS explores the latest initiatives and finds that innovators are looking at the accounts receivable side to tackle accounts payable friction.

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How Data Guides A New Era For The ERP

PYMNTS

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement.

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ADP Enhances QuickBooks Payroll Integration

PYMNTS

An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and other accounting platforms to manage their small business (SMB) clients’ finances. In another statement, Intuit’s Global Partnership and Platform Lead Kyle Jenke said the deepened integration with ADP aims to provide more time for accountants.

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Looking Within The Enterprise To Unlock Spend Data Silos

PYMNTS

But this category of software has, in recent years, evolved within silos as technology providers tackle particular spend scenarios like accounts payable (AP) and employee expenses.

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The Expense Analytics Challenge Of Complex Invoices

PYMNTS

If a small business buys office suppliers from a vendor once a month, it can be relatively straightforward for the accounts payable (AP) department receiving that supplier invoice to notice if their company has been overcharged. Synchronoss also offers GL (general ledger) coding to each expense on an invoice, while providing supply chain and finance teams with visualized reports to not only analyze past expenses, but aggregate historical data for accurate, actionable forecasting.

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Multi-Location Restaurants And Franchises – The Best Cloud Accounting Solution

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The challenge for these organizations is that managers only see the accounting data for the entities they manage, and feeding data into a single system can be complicated and challenging. With a shared chart of accounts, your firm can perform consolidations quickly.

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How Complex Are Your Business Finances?

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In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. When you need powerful accounting software, you need Sage Intacct.

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Grow Your Restaurant Chain With The Right Accounting Solution

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Owning a restaurant chain or several restaurant franchises can be challenging when it comes to accounting and being able to consolidate all your reporting and records. Drill down to entity source transactions, receivables, and payables to get complete details.

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Nonprofit Audit Checklist (+ Free PDF Download)

The Charity CFO

A financial statement audit is a thorough review of your financial statements to determine if your financial statements present fairly, in all material respects, in accordance with generally accepted accounting principles. Do your bank account and/or loan balances look accurate?

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Your Ultimate Finance Department Checklist

CFO Simplified

It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth.

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Comptroller vs. Controller: What Is the Difference?

Michigan CFO

In the United States, a comptroller is a senior-level executive in charge of an organization’s accounting operations in the public sector. They all play vital roles in the financial industry, overseeing revenue estimation, accounting, tax collection, treasury, etc. They both manage the accounting operations of public and private organizations, respectively. Some of their general responsibilities are highlighted below. Chart of Accounts.

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Dealing with Obsolete Inventory

CFO Simplified

Reconcile the general ledger balances from the start of the year. This may be after the fact, but the shipping paperwork and accounts payable detail should match.

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OneStream Launches Automated Account Reconciliation

PYMNTS

OneStream , which specializes in corporate performance management (CPM) for companies, has a new program that promises to speed up the time it takes to reconcile accounts, according to a press release.

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The Basics of Nonprofit Bookkeeping

The Charity CFO

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. Execute data entry to keep the general ledger current .

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Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Technology is now instrumental to corporate accountants’ jobs, and to their efforts to overcome challenges like a lack of transparency and understanding of financial data.

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The Upgrade Challenge

CFO Simplified

Upgrading simple accounting software to an ERP (Enterprise Resource Planning) system that is going to manage every aspect of the company from operations to accounting and finance, and sometimes even sales and customer relations is no small task.

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Data Key To The Build-Or-Buy Question Of Enterprise Finance Apps

PYMNTS

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. However, the data integration challenge in corporate accounting is about more than the movement of information from one platform to another, said Scott Love, CEO of enterprise software developer company Codence. “You won’t just crack open your general ledger to a CRM database guy.”

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Enterprise Performance Management vs. Enterprise Resource Planning

Planful

ERP includes a general ledger which summarizes all of the details from other modules like purchasing, accounts payable, and accounts receivable. It is generally driven by the finance department or CFO of the enterprise. Most organizations start off by implementing an Accounting or ERP system to handle day to day transactions, and will often use Excel spreadsheets to manage EPM processes such as budgeting, forecasting and financial reporting.

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ERP and EPM Systems – Better Together

Planful

Accounts payable. Accounts receivable and collections management. General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS. In most organizations, the accounting/ERP system comes first.

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