The Ultimate Qashiopedia
ACH (Automated Clearing House) transfer
An ACH transfer is an electronic transfer of money between two bank accounts through the ACH Network. ACH transfers are typically either credit transfers made by individuals or businesses for non-essential payments, or direct debits used to pay bills, insurance, rent, and memberships. ACH transfers may take longer to complete.
AI-Powered Receipt Matching
The use of artificial intelligence to automatically match receipts with corresponding transactions, which improves accuracy and reduces manual entries, saving finance teams time.
Account Balance Report
Highlights the opening and closing balances for all business card balances over a specified period, available via email with an Excel file.
Accounts Payable
Outstanding payments a company owes to its suppliers or vendors.
Accounts Receivable
Money owed to a company by its customers for goods or services delivered.
Accounts payable
Accounts payable, sometimes referred to as "AP," is a general ledger account under the liability category that indicates the short-term debts a company owes to its suppliers, vendors, and other creditors.
Accounts receivable
Accounts receivable, sometimes referred to as trade receivables, is the money owed to a company by customers for goods or services received but not yet paid for. Accounts receivable is recorded as an asset on the balance sheet.
Accrued payroll
Accrued payroll is a broad term referring to all forms of unpaid compensation owed by an employer to employees. It represents a liability on the general ledger. Accrued payroll is not recognised in accounting under the cash basis but is accounted for under the accrual basis, and the main elements include salaries, wages, commissions, and bonuses.
Accrued revenue
Accrued revenue is money earned from providing goods or services that have yet to be paid for. In other words, payment will be collected after the goods or services have been provided. It is recorded as a receivable on the balance sheet.
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