SAP Credit Management

SEPTEMBER 19, 2023

Read on to find out how its core capabilities, Contract Accounting and Convergent Invoicing, plus integration with SAP Document and Reporting Compliance, can help you with everything from tax calculation and compliance, billing and invoicing, through to statutory reporting and payment collection. Picture 1.

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Transactions 193

SAP Credit Management

FEBRUARY 2, 2023

This blog represents part 2 of the 6-part series ‘Create Tax Content for Non-Localized Countries/Regions in SAP Cloud Applications Studio’. In this blog, we will understand how to configure tax events and accounting attributes of tax events. Due Category: Specify if the tax amount is payable or receivable.

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Default Transactions 139

The Corcentric Blog

NOVEMBER 21, 2023

An accounting metric that is often ignored but can provide a vital glimpse into how your company measures up financially is the accounts payable (AP) turnover ratio. The higher the accounts payable turnover ratio, the quicker the business pays off its debt. is your accounts payable turnover ratio.

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SAP Credit Management

AUGUST 28, 2023

In this blog, we explain the Interest and Penalty Simulation and Recalculation (predated payments) in SAP TRM/PSCD. Interest Calculation Tax authorities may have to calculate and post credit/debit interests on payables/receivables. As a consequence, the account balance of a taxpayer is saturated with interest documents.

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Credit and Collections Transactions 138

Gaviti

JANUARY 2, 2024

Cash flow metrics are the standards by which CFOs measure cash flow health and accounts receivable performance. They are used in nearly every financial function, including accounts receivable, payable, cash flow reporting, and more. Current Accounts Receivable (CAR) CAR is our primary cash flow KPI for accounts receivable.

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Collection Effectiveness Index Average Days Delinquent DSO Days Sales Outstanding 52

SAP Credit Management

AUGUST 15, 2023

Introduction: In this blog post, I will share the basics related to SAP Fieldglass integration. Thank you for reading this blog post. SAP Fieldglass is a Vendor management System to manage external workers. Monitor Activity Tile: It shows the audit trail for upload/download activity details.

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Dashboards 130

SAP Credit Management

JULY 27, 2023

Welcome to the second blog post of the intelligent ERP blog post series for 2023. With SAP S/4HANA Cloud, public edition we offer a fully-fledged solution that leads to optimized processes for a successful business. SAP Build Process Automation We continuously work on automating your business processes wherever possible.

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NorthOne

APRIL 27, 2023

Accounts payable is a summary of your company’s short-term debt obligations, and is therefore a credit. The sum total of your accounts payable is a liability because it represents a balance owed to your vendors, suppliers, and creditors. What is accounts payable and why is it important?

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Small Businesses Transactions 52

NorthOne

MAY 3, 2023

Accounts payable refers to short-term debts and obligations that have not yet been paid. When a company has outstanding accounts payable, the sum of those amounts is listed on a company’s balance sheet. It’s the opposite of accounts receivable, which is the money owed to the business.

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Invoice Amount Credit Card Companies Default Small Businesses 52

NorthOne

MAY 3, 2023

If you don’t have an accurate and easy-to-implement accounts payable system, it’s easy to incur late fees or make other financial mistakes. The benefits of accounts payable automation include streamlining your processes and saving time and money. What is accounts payable?

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Dashboards Small Businesses 52

NorthOne

APRIL 27, 2023

As a small business owner, managing your accounts payable helps you keep track of short-term debt , avoid incurring late fees, and stay on top of your cash flow. It involves creating a system, then streamlining your processes to meet payment deadlines and reconcile accounts. What is accounts payable management?

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Small Businesses Transactions 52

NorthOne

MAY 3, 2023

Automating your accounts payable (AP) process is the key to ensuring you make payments by the due date, avoid incurring late fees or penalties, and even take advantage of early payment discounts. AP automation also enables your company to streamline its financial processes, all while taking the mental load off your own plate.

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Dashboards Small Businesses 52

The Corcentric Blog

MAY 22, 2023

For many companies, effective and efficient accounts payable automation software can be the difference between success and decline. Even in businesses with existing accounts payable automation software, financial executives may find it beneficial to evaluate their current practices with an eye towards improvement.

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NorthOne

MAY 2, 2023

It all starts with an invoice: a document that outlines all goods and services provided and the requested amount payable for them. The invoice payment process The end-to-end invoice payment process begins when a customer receives an invoice and ends with reconciliation. Again, automated processes save time and hassle.

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Credit and Collections Transactions 52

NorthOne

MAY 3, 2023

One essential aspect of managing your finances is invoice processing, whether that is receiving, reviewing, or paying invoices for goods and services your company has received. Analog or patchwork invoice processing can lead to delayed payments, missed opportunities for discounts, and even damage to your company’s reputation.

Small Businesses 52

Small Businesses 52

Emagia

APRIL 20, 2023

Intelligent Document Processing (IDP) is a cutting-edge technology that uses AI and machine learning to automate business processes that involve documents. What is Intelligent Document Processing? Intelligent document processing, also known as IDP is a simple solution for document processing. Read Blog 3.

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NorthOne

MAY 2, 2023

Every time you purchase a product or service for your business, you’ll receive an invoice that must be processed and paid on time to avoid late fees and stay in the black. It’s also known as invoice processing.) Manual invoice processes can be time-consuming, error-prone, and costly for small businesses.

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Credit Card Payments Small Businesses 52

SAP Credit Management

JULY 11, 2023

Welcome to the second of this 2-part blog series on the concept of FUE (Full Use Equivalent) and what you can do to plan, monitor and influence the outcome of this metric. Much of this blog will focus on this object as so much hinges on or is connected to it. For example, a persona could be an ‘Accounts Payable Accountant’.

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NorthOne

APRIL 27, 2023

Creating a clear and straightforward approach and proper system for accounts payable not only helps you pay invoices on time, but also ensures you pay them accurately every time. Payment terms are one of the most critical details of an invoice, because you need to know how much money will be leaving your accounts and when.

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Credit and Collections Bankruptcy 52

SAP Credit Management

FEBRUARY 3, 2023

INTRODUCTION In this blog, we discuss the challenges that current external disruptions are creating for the chemical and life science industry more than for many other industries. This is undoubtedly an attempt to counteract an inflation level that remains too high for too long.

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Days Sales Outstanding DSO 140

Lendio

MARCH 13, 2023

For many businesses that get paid through invoices or bills, accounts receivable is critical for understanding the overall financial health of your company. What Is Accounts Receivable? What is Accounts Receivable? Most commonly, accounts receivable occurs in the form of outstanding invoices or bills.

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Allowance for Doubtful Accounts Bad Debt Credit and Collections Credit Sales 52

Lendio

MARCH 31, 2023

What Is Inventory Accounting? Inventory accounting is how you account for and value the inventory in your business. If you own a merchandising business—for example, a shoe store that purchases shoes from manufacturers or wholesalers and sells these shoes to consumers—your inventory accounting system is somewhat straightforward.

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Small Businesses 98

NorthOne

MAY 2, 2023

Some accounts payable (AP) departments have struggled with manual, paper-based accounting processes that limit visibility and increase the risk of fraud. The reality is that manual invoice processing is time-consuming and costly. The reality is that manual invoice processing is time-consuming and costly.

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Transactions Dashboards Small Businesses 52

SAP Credit Management

FEBRUARY 6, 2023

This blog describes how to use the SAP Cloud Applications Studio to enable withholding tax for purchasing side for a non-localized country/region, that is, in a country/region for which SAP has not delivered a country version. Tax event is the first level of determination in the tax process, for example, domestic purchase.

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Transactions 146

NorthOne

MAY 18, 2023

In today’s fast-paced business environment, selecting the right accounting software can mean the difference between success and failure for HVAC contractors. Why HVAC Contractor Accounting Software is Important As an HVAC contractor, managing finances and tracking expenses can be a daunting task.

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Dashboards Transactions Small Businesses 52

Lendio

MAY 23, 2023

Cash flow management refers to the process of monitoring, analyzing, and optimizing the movement of cash into and out of a business’ or individual’s finances. Efficiently collecting receivables and extending payables when appropriate can help improve cash flow. What Is Cash Flow Management?

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Chapter 11 Chapter 7 Chapter 5 Small Businesses 52

NorthOne

MAY 12, 2023

Construction accounting is a critical part of any building project, and the key to ensuring it stays on-time and under-budget. What many don’t realize, however, is that there’s a lot more to construction accounting than meets the eye. Construction accounting can be confusing even if you’re familiar with general accounting practices.

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Revenue Recognition Transactions Small Businesses 52

billtrust

OCTOBER 27, 2022

A quick primer on payment processing The five steps of payment processing grief 10 steps to get paid faster How do you motivate customers to pay? However, you can do a few things to speed up the process. Below are ten pro tips to optimize payments and additional tricks to speed up your payment processing. Credit cards.

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Credit and Collections Bad Debt Credit Card Payments Transactions 52

NorthOne

FEBRUARY 2, 2023

However, the amount of money you have in your accounts at any given moment isn’t always an accurate representation of how much your business holds—this is because of cash float. Cash float is difference between the cash balances reported in your business accounting and the amount of cash you actually hold in your bank accounts.

Small Businesses 52

Small Businesses 52

The Corcentric Blog

JUNE 27, 2023

Accounts Receivable automation has been increasingly adopted by businesses as a way to streamline their financial processes and optimise their cash flow. Many similar technologies are already in use for accounts payable (AP) departments, such as algorithms and AI to automate the processing of invoices received.

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Due

MAY 28, 2023

You can also analyze your company processes to see if they can be automated or made more efficient. Finally, analyze all your smaller costs for anything from credit card processing fees to office supplies. You’ll need to manage your accounts receivable so that the money you’re owed comes in as quickly as possible.

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Bankruptcy Credit and Collections Business Bankruptcy Small Businesses 53

The Esker Blog

FEBRUARY 20, 2023

By automating every step of the process and providing transparency to the stakeholders along the way, they offer the scalability, agility, and flexibility necessary to get through rough economic conditions. Incorporating customer feedback in our solution development process has resulted in solutions that provide useability and efficiency.

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Emagia

JANUARY 22, 2023

CFOs have been transforming themselves, beyond finance and accounting operations, to strategic roles with the mandate to meet the rapidly evolving and changing expectations of customers, vendors, investors, employees, competitors, and the Board, while also navigating the financial, economic, regulatory, and social challenges.

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Days Sales Outstanding AR Automation Order to Cash DSO 52

NorthOne

MAY 3, 2023

The recipient treats that invoice as a bill, sending it to accounts payable for processing. The client receives the invoice, records it as a bill that must be paid, then processes payment. Statement: Customers can request statements to check their account status.

Transactions 52

Transactions Small Businesses 52

tillful

MAY 10, 2023

In this blog post, we’ll start by going over two ways that business taxes are linked to business budgets and funding. This process can feel overwhelming, especially if you're new to the process. If you want to be sure that you make informed financial decisions, it's a smart move to team up with a trusted accounting firm.

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JSP Credit Management

JUNE 27, 2022

Some of our more avid readers, will know that we get our inspiration for our blogs from all manner of places. But we were starting to realise was that the strength of the relationship that existed between a credit controller and the corresponding accounts payable person on the other side mattered, quite a lot.

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Debt Collections Credit and Collections Collector Credit Management 52

Fundera

JUNE 26, 2019

AvidXchange is software designed to automate your accounts payable processes. Those expenses, which are typically purchased on credit and paid back at a later date, create a line item on your balance sheet known as accounts payable. Unfortunately, it is also a cumbersome process. AvidXchange Review.

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Small Businesses Credit Management 40