Nanonets

NOVEMBER 12, 2024

Record Already Exists Description: This error means NetSuite thinks there’s already a similar record in the system, which it sees as a potential duplicate. Workflows Where This Can Occur: Sales Transactions: When importing many sales orders , each transaction needs a unique identifier to avoid duplicates.

Error Resolution 52

Error Resolution Multi-Currency Duplicate Checks 52

Stax

NOVEMBER 11, 2024

ACH payments are more straightforward than how credit card processing works, both on the consumer-facing and business end. These transactions usually process within one to three business days and are most commonly used for payments such as direct deposits for payroll, recurring bill payments, and B2B invoice payments.

ACH 88

ACH Checks Identity Theft Payments 88

Nanonets

OCTOBER 1, 2024

"Let's just ensure that going forward, all the invoices are forwarded to Mr. X for validation before processing." Studies show that 25% of invoice errors slip through accounts payable processes undetected despite internal correction efforts. Documents essential to the validation process: 1.

Best Practices 52

Best Practices Automation Multi-Currency Process 52

Nanonets

MARCH 30, 2023

Did you know that it takes small-to-midsized companies up to 25 days to complete the processing of a single invoice? By automating the payment process, businesses and individuals can save time and minimize the risk of errors. The drawbacks associated with manual payment processes have led to the need for payment automation.

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Bank service fees, deposits in transit, outstanding checks, and interest rates must be factored into the reconciliation process. Retain all supporting documentation.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52