Nanonets

JUNE 23, 2023

At the end of each accounting cycle, the accounting or finance team of a company reviews its accounts and adjusts balances. This is done to produce verifiable financial reports for that date. This process is known as the financial close. Document the steps taken, findings, and any adjustments made.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 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. This step helps identify any issues in your GL code setup, allowing you to make necessary adjustments.

Transactions 52

Transactions Audit Accounts Automation 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

APRIL 5, 2024

This makes it easier to onboard new vendors and ensures that your team can process invoices efficiently, no matter how they're structured. Easy customization Streamline your financial close process with Nanonets' built-in reconciliation and verification tools.

Automation 52

Automation Multi-Currency Compliance Process 52