Learn key terms in invoice processing, accounts payable, and accounting automation.
Money owed to vendors
Learn moreHandling vendor invoices
Learn morePO, receipt, invoice verification
Learn moreConverting images to text
Learn moreAutomating accounts payable
Learn moreDocument to authorize purchases
Learn moreManaging supplier relationships
Learn moreNet 30, 2/10 Net 30, etc.
Learn moreVerifying invoices against POs
Learn moreDiscounts for paying early
Learn moreMoney owed by customers
Learn moreMaster accounting record
Learn moreList of financial accounts
Learn moreRecording when earned/incurred
Learn moreRecording when paid/received
Learn moreDebits and credits system
Learn moreMatching books to bank
Learn moreSum of all ledger balances
Learn moreRecording a transaction
Learn moreDocument to increase amount owed
Learn moreDocument to reduce amount owed
Learn moreSelling invoices for cash
Learn moreReport of outstanding invoices
Learn moreAverage payment time metric
Learn moreAverage collection time metric
Learn moreMoney moving in and out
Learn moreCurrent assets minus liabilities
Learn moreDepartment for expense tracking
Learn moreDepartment for revenue tracking
Learn moreDifference from planned budget
Learn moreAnalyzing spending patterns
Learn moreBill from a supplier
Learn morePreliminary bill of sale
Learn moreDocument for customs
Learn moreRegular repeated billing
Learn moreUnique identifier for invoice
Learn morePayment notification
Learn moreSummary of transactions
Learn moreConfirmation of delivery
Learn moreConfirmation of service
Learn moreStanding order for supplies
Learn moreInternal purchase request
Learn moreAsking vendors for pricing
Learn moreAsking vendors for proposals
Learn morePayment due period
Learn morePay when goods arrive
Learn morePay before shipping
Learn moreElectronic payment
Learn moreAutomated Clearing House transfer
Learn moreDirect bank-to-bank payment
Learn moreSingle-use card numbers
Learn moreVendor self-service platform
Learn moreElectronic invoice exchange
Learn moreAutomated document exchange
Learn moreStructured data format invoice
Learn moreXML-based business documents
Learn moreEuropean e-invoicing network
Learn moreSaudi Arabia e-invoicing
Learn moreGoods and Services Tax invoice
Learn moreValue Added Tax invoice
Learn moreInvoice with tax details
Learn moreBuyer pays tax to authority
Learn moreTax deducted at source
Learn moreUS vendor tax reporting
Learn moreUS vendor tax ID request
Learn moreTax identification number
Learn moreUS business tax ID
Learn moreBusiness identification number
Learn moreSetting up new suppliers
Learn moreCentral vendor database
Learn moreControlled procurement spend
Learn moreUnauthorized purchasing
Learn moreSmall, unmanaged purchases
Learn moreOptimizing vendor selection
Learn moreManaging spend by category
Learn moreManaging vendor agreements
Learn morePerformance guarantees
Learn moreFramework contract
Learn moreProject scope document
Learn moreConfidentiality agreement
Learn moreRecord of all changes
Learn moreSeparating responsibilities
Learn moreSarbanes-Oxley requirements
Learn moreGenerally Accepted Accounting Principles
Learn moreInternational Financial Reporting Standards
Learn moreLease accounting standard
Learn moreMonthly financial closing
Learn moreAnnual financial closing
Learn moreIncome, balance, cash flow
Learn moreAssets, liabilities, equity
Learn moreRevenue and expenses
Learn moreCash movements report
Learn morePayment efficiency metric
Learn moreFull purchasing cycle
Learn moreSourcing through payment
Learn moreSales through collection
Learn moreFully automated processing
Learn moreNo manual intervention needed
Learn morePercentage needing manual review
Learn moreSuccessful auto-processing rate
Learn moreJoin businesses saving hours every week. Start your free trial today.
Start Free TrialNo credit card required - 10 free extractions