The Ultimate Qashiopedia
Financial Reporting
The practice of preparing financial statements that provide an overview of a company's financial position, including income, expenses, and cash flows.
Financial forecasting
Financial forecasting involves assessing and predicting future company performance. Ideally, all three financial statements—income statement, balance sheet, and cash flow statement—should be forecasted, although most companies at least forecast the income statement.
Fintech
Fintech, derived from "financial technology," is a broad term describing technology designed to enhance the performance of traditional financial services. Fintech aims to improve the efficiency of financial activities for individuals or businesses, employing various methods such as AI, blockchain, cloud computing, and big data.
Float Management
Refers to a tool that allows corporate cards to automatically top up with funds when a transaction is approved. This feature, which can be activated at the card level and ensures that the card balance is replenished by the exact amount of the approved transaction. This streamlines financial management and reduces the need for manual work. Admin users can turn this feature on or off as needed, providing flexible control over card balances and enabling smoother transaction processing.
Founder guarantees
A founder guarantee, often referred to as a personal guarantee, is a promise made by an individual or organisation when accepting debt, taking full responsibility in the event of failure to repay. Typically, a founder, owner, or executive will provide a personal guarantee to secure credit for their business.
Fraud Detection
Systems or software that identify suspicious or unauthorised transactions, which protects companies from financial losses due to fraudulent activity.
Fund flow
Fund flow refers to the movement of money through liquid assets such as stocks and bonds. It is not a measure of performance but rather a reflection of cash inflows and outflows related to these assets.
Fund flow statement
A fund flow statement is a financial statement that details the inflow and outflow of funds for a company over a specific period. It is prepared to analyse differences between balance sheets from different dates, typically involving the following steps: 1. Analyzing current assets and liabilities, where positive changes indicate an application of funds and negative changes indicate a source of funds. 2. Reviewing funds from operations, where profit indicates a source of funds and losses indicate an application of funds. 3. Conducting the fund flow statement, incorporating all inflows and outflows.
Funding
Funding refers to the process of adding or allocating money to a Qashio corporate card. This can be done manually or automatically using features like float management, where the card is topped up based on pre-defined conditions, such as a transaction being approved. Funding ensures that the card has sufficient balance for future expenses.
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