EBizCharge

MAY 2, 2024

Pricing adjustment: Next, the business adjusts its pricing. This might mean slightly higher prices, with the processing costs factored in. Final step: If it’s a cash discount system, customers who pay with cash get a lower, adjusted price since they don’t trigger any credit card processing costs.

Credit Cards 52

Credit Cards Process Processors Legal 52

EBizCharge

JULY 8, 2024

It delivers a transparent picture of the company’s financial well-being, facilitating the analysis of revenue growth and cost reduction opportunities. By comparing income statements from different reporting periods, businesses can track their financial trajectories and adjust their business strategies accordingly.

Adjustments 52

Adjustments Accounts On-Demand Finance 52

Payment Savvy

JULY 12, 2024

Key Considerations When Choosing a Payment Service Provider Selecting the right PSP involves evaluating several critical factors to optimize cost management and operational efficiency: Transparent Fee Structures PSPs levy various fees, including setup fees, transaction fees (flat rates or percentages), and potentially monthly fees.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

Nanonets

MARCH 13, 2024

Some prominent use cases for OCR for invoices include: Retail : Retailers deal with a high volume of invoices from suppliers for products, services, and operational expenses. OCR helps automate the processing of these invoices, ensuring accurate recording of inventory costs, vendor payments, and expense management.

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

Nanonets

JUNE 22, 2023

Cost management and fraud prevention Invoice reconciliation enables businesses to effectively manage costs and prevent fraudulent activities. Update general ledger and accounting records : Make the necessary adjustments in your general ledger and accounting records to reflect the reconciled invoice data accurately.

Reconciliation 52

Reconciliation Audit Automation Correspondent 52

Nanonets

SEPTEMBER 23, 2023

Management Accounting: Management accounting , also known as managerial accounting, focuses on providing internal stakeholders, such as managers and executives, with information for decision-making and performance evaluation. It involves the analysis of financial data, cost management,  budgeting , and forecasting.

Accounts 52

Accounts Compliance Regulations Audit 52

EBizCharge

JUNE 26, 2024

Cost of goods manufactured vs. cost of goods sold: How to calculate each Cost of goods manufactured (COGM) and cost of goods sold (COGS) are two essential calculations in manufacturing accounting that inform the valuation of inventory and cost management.

Accounts 52

Accounts Product Best Practices Process 52