reconciliation
Topic · 6 articles
Reconciliation
Journal entry II: Reconciliation in Scaleups
12 Dec 2023
Two of the most pressing challenges that scaling businesses must overcome are inefficient processes and time management. As a business scales, what were once minor inconveniences become magnified, having a ripple effect across the whole business
Reconciliation
Journal Entry I: What is bank reconciliation?
28 Nov 2023
The term bank reconciliation is the process of comparing and verifying bank records with a company’s record of transactions (also called a journal entry). Some refer to this as the financial close process.
Reconciliation
Why using ERPs for bank reconciliation doesn’t scale
17 Aug 2023
As businesses scale, it becomes more difficult for teams to communicate and collaborate effectively. They use separate systems, processes and software that creates data silos across the business.
Reconciliation
How to fully automate Xero bank reconciliation
27 Jul 2023
Unfortunately, relying on Xero to automate month-end close will be a challenge, but not all is lost, as there are other ways that make Xero work harder for finance teams.
Reconciliation
How payment references impact reconciliation match rate
26 Jul 2023
When a business receives payments from customers or clients, they need to ensure that each payment can be correctly identified and associated with the specific invoice or record it corresponds to. The reconciliation match rate indicates how well a company is able to achieve this accurate matching.
Reconciliation
Automated Reconciliation: scale payment operations with ease
27 Jun 2023
Bank reconciliation just got easier! Payable provides intelligent reconciliation for finance teams with automated matching, reporting and clever workflows for conflict resolution.