CS Lucas

APRIL 28, 2023

This article will cover the information exchanged between CS Lucas and the accounting (Enterprise Resource Planning) system, as well as the methods employed to facilitate this exchange. CS Lucas provides users with the flexibility to choose from various accounting treatments, which are specified in the user guide [ [link] ].

Accounting 52

Accounting General Ledger Accounts Payable Foreign Exchange 52

PYMNTS

AUGUST 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Finance administrators and project managers both benefit from automation of the accounts payable process.

Construction 69

Construction General Ledger (GL) Accounts Payable General Ledger 69

PYMNTS

APRIL 7, 2020

OneStream , which specializes in corporate performance management (CPM) for companies, has a new program that promises to speed up the time it takes to reconcile accounts, according to a press release. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

Reconciliations 56

Reconciliations Accounting General Ledger Accounts Payable 56

CFO Simplified

NOVEMBER 28, 2022

If you’re a manufacturer or a wholesale distributor, you should be comparing the value in that inventory value report to one line on your general ledger, and that’s the value of inventory. . It is important to reconcile this report with your general ledger to make sure that the numbers are correct.

General Ledger 98

General Ledger Accounts Payable CFO Reconciliations 98

The Charity CFO

APRIL 29, 2022

A financial statement audit is a thorough review of your financial statements to determine if your financial statements present fairly, in all material respects, in accordance with generally accepted accounting principles. Do your bank account and/or loan balances look accurate?

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

CFO Share

JULY 16, 2024

A controller primarily oversees accounting processes, ensuring accurate financial records and compliance with regulations. Education and Experience Controllers typically have an accounting degree supplemented with an optional CPA or CMA and 10+ years of experience in managerial accounting.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO Compliance General Ledger 98

PYMNTS

NOVEMBER 2, 2018

An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and other accounting platforms to manage their small business (SMB) clients’ finances.

General Ledger 62

General Ledger Accounts Payable Benchmarking Accounting 62

The Charity CFO

JULY 19, 2024

When most people think of an organization’s financial department, they think of accountants. Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. What is an Accountant? Accountants run reports to help determine if the bookkeeping is done correctly.

CFO 52

CFO Accounting Nonprofit General Ledger 52

Future CFO

AUGUST 1, 2023

According to IDC's 2023 Future SMB and Midmarket Survey , 50% of surveyed respondents (driven by SMBs) in Asia/Pacific state that they will automate their financial and accounting processes through cloud applications in the next 18 months. "As

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . And that’s a problem.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

The Charity CFO

OCTOBER 9, 2024

One of the most sought-after tools is a platform or software to integrate your fundraising and accounting data seamlessly. This makes it challenging to create technology that tracks data for fundraising purposes while still following accounting principles. So why does it seem so hard to find this unicorn platform?

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

PYMNTS

FEBRUARY 13, 2019

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. This is one reason why companies may choose to work with a firm like Codence to custom build accounting software into their firms.

Finance 75

Finance General Ledger Accounts Payable Math 75

PYMNTS

FEBRUARY 25, 2020

New technology solutions are stepping onto the market to help automate accounts receivable, accounts payable and the act of supplier payments, as well as other processes surrounding these fields, like trade finance, cash flow management and accounting. There’s nothing more valuable than remittance data.

B2B 69

B2B Accounts Payable General Ledger Reconciliations 69

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

CFO Thought Leader

OCTOBER 29, 2024

Gronen: Yooz is an AP (accounts payable) automation and payments company. The AP clerk only needs to verify that the invoice is assigned to the correct department and has the correct GL (general ledger) code, eliminating the need for manual data entry. Right now, many companies receive invoices in paper envelopes.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) CFO Finance Profit and Loss 52

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

PYMNTS

MARCH 10, 2020

But this category of software has, in recent years, evolved within silos as technology providers tackle particular spend scenarios like accounts payable (AP) and employee expenses. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.

Accounts Payable 58

Accounts Payable General Ledger Budgeting Reconciliations 58

CFO Simplified

DECEMBER 26, 2021

It’s easy to grow without noticing that your finance and accounting department is stretched far too thin. From overworked staff accountants to controllers running month-end closes, a poorly structured finance, and accounting department can put strains on your business’ growth. Roles and Responsibilities. Company Size.

Finance 52

Finance General Ledger CFO Auditing 52

PYMNTS

MARCH 19, 2020

The financial account software market is on pace to reach $19 billion in sales over the next five years, and such growth is necessary to match businesses’ fast-paced needs. Growth can create frictions, too. Cash flow and AP automation innovation.

Accounts Payable 52

Accounts Payable General Ledger Accounting Technology 52

Planful

SEPTEMBER 10, 2015

ERP includes a general ledger which summarizes all of the details from other modules like purchasing, accounts payable, and accounts receivable. ERP helps the organization determine the best ways to use given resources within the company on a day to day basis.

Planning 40

Planning General Ledger Accounts Payable Budgeting 40

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. Deferrals, on the other hand, involve postponing the recognition of revenues or expenses to future accounting periods.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

Michigan CFO

JUNE 14, 2022

In the United States, a comptroller is a senior-level executive in charge of an organization’s accounting operations in the public sector. They all play vital roles in the financial industry, overseeing revenue estimation, accounting, tax collection, treasury, etc. Some of their general responsibilities are highlighted below.

General Ledger 40

General Ledger CFO Budgeting Accounts Payable 40

Planful

JANUARY 3, 2017

Accounts payable. Accounts receivable and collections management. General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. In most organizations, the accounting/ERP system comes first. Order processing and billing. Fixed asset management.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

PYMNTS

NOVEMBER 6, 2019

If a small business buys office suppliers from a vendor once a month, it can be relatively straightforward for the accounts payable (AP) department receiving that supplier invoice to notice if their company has been overcharged.

Invoicing 40

Invoicing Accounts Payable General Ledger Forecasting 40

CFO Simplified

APRIL 22, 2022

Upgrading simple accounting software to an ERP (Enterprise Resource Planning) system that is going to manage every aspect of the company from operations to accounting and finance, and sometimes even sales and customer relations is no small task. The challenges are even greater when a company totally changes the way it is operating.

General Ledger 52

General Ledger Accounts Payable Manufacturing Planning 52

CFO Simplified

APRIL 15, 2022

Reconcile the general ledger balances from the start of the year. This may be after the fact, but the shipping paperwork and accounts payable detail should match. The bank reported a loss of confidence in management as a result of the inconsistent financial reporting. Recommendations. Verify inventory receipts.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

CFO Thought Leader

AUGUST 5, 2024

Starting his career at Arthur Andersen, Patriacca spent nearly 10 years in public accounting, a span that allowed him to gain a broad perspective on various industries. For instance, 80% of accounts payable invoices with purchase orders became processed without human intervention, allowing his team to focus on exceptions and strategic tasks.

CFO 52

CFO Accounts Payable Finance Manufacturing 52

CFO Share

SEPTEMBER 23, 2023

Overcomplicating the General Ledger and Chart of Accounts. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. GL accounts are easy to create but difficult to get rid of. Contact us for a free consultation.

General Ledger (GL) 52

General Ledger (GL) General Ledger Accounts Payable Communication 52