The Finance Weekly

APRIL 5, 2022

However, one department seems to lag behind when it comes to communication procedures: the finance department. The impact of data driven financial analysis goes well beyond its traditional role of budgeting and forecasting, and has the potential to contribute greatly as a forward thinking department for real-time decision making.

Automation 130

Automation Finance Financial Analysis Procedures 130

Nanonets

FEBRUARY 6, 2024

The external transactions go through the routine account reconciliation procedure, where the general ledger is matched with documents like bank statements. Its primary aim is to accurately account for all transactions and adjust accounts according to intercompany accounting rules. Why is intercompany Reconciliation important?

Reconciliation 52

Reconciliation Adjustments Automation Transactions 52

Nanonets

JUNE 25, 2024

Think of it as giving each expense its own 'address' in your financial records. Detailed invoice coding enables accurate budget tracking, easier reporting, faster approvals, and better financial analysis. Train your AP team thoroughly, emphasizing exception handling and correction procedures.

Automation 52

Automation Payment APIs and Integration Rules Process 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. Understanding the nature of these expenses is crucial for budgeting and financial forecasting. Organizations aim to keep tight control over both to maintain profitability.

Product 52

Product Adjustments Assessments Legal 52

Nanonets

NOVEMBER 19, 2023

It's a process that ensures every payment, adjustment, or write-off tied to an invoice is accounted for and settled. It paves the way for flawless financial records, better cash flow, and smooth business operations. Your financial records should show this transaction correctly, marking the invoice as settled.

Settlement 52

Settlement Disputes Payment APIs and Integration Accounts 52

EBizCharge

MARCH 12, 2024

Net credit sales = Gross Credit Sales – Returns – Discounts – Allowances You can find this figure on your annual income statement or balance sheet, which should provide a breakdown of your sales and any adjustments for returns and allowances. 1 or beginning of period): $58,000 Ending AR (on Dec.

Accounts 52

Accounts Automation Returns Gateways 52

Nanonets

SEPTEMBER 23, 2023

This enables better financial analysis and decision-making, as organizations can assess their budgetary performance and make adjustments as needed. Overall, encumbrance accounting is an essential tool for maintaining financial stability, optimizing budget utilization, and ensuring accurate financial reporting.

Accounts 52

Accounts Governance Government Payroll 52