Nanonets

APRIL 3, 2024

Fraud Detection and Prevention: Through vendor reconciliation, businesses can detect discrepancies that may indicate fraudulent activities such as overbilling, duplicate invoices, or fictitious vendors. All line items must be reviewed for errors in vendor names, invoice numbers, payment amounts, and terms.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

NOVEMBER 27, 2023

By definition, netting is the act of combining multiple financial obligations between two or more parties and paying a net payment amount. In this netting process, all the debts between both entities are netted, creating a single payment amount for one business to pay the other. ” you’re not alone.

Payment Amount 52

Payment Amount Venmo Settlement Process 52

Nanonets

FEBRUARY 19, 2024

Whether your dealings are generic or involve specific transactions such as rent payments or service charges, opting for a receipt book with custom fields tailored to your needs can streamline your process. The Advantage of Duplicate/Triplicate Copies : Using a multi-copy receipt book means more than just giving customers their copy.

Duplicate 52

Duplicate Automation Checks Transactions 52

Nanonets

SEPTEMBER 22, 2023

This feature allows businesses to define a set of approval steps for payments, ensuring proper authorization and preventing any unauthorized or duplicate payments. It allows businesses to set up customized approval hierarchies, ensuring that payments are authorized by the appropriate personnel.

Small Business 52

Small Business Accounts Online and Mobile Banking Automation 52