The Ultimate Qashiopedia
Qualified stock options (incentive stock options)
Incentive stock options (ISOs) are a type of benefit that a company may offer employees, granting them the right to purchase company shares at a reduced price. This arrangement is usually reserved for senior employees as an incentive to retain them.
RFI
RFI stands for Request for Information. It is a document or questionnaire used by companies to gather information from vendors about their products or services. Typically used to identify suitable vendors, it can also provide insight into the overall market.
RFP
RFP stands for Request for Proposal. It is a detailed document that follows an RFI, outlining the business's needs and requirements. A well-prepared RFP allows vendors to provide better proposals, making it easier for businesses to evaluate different options.
RFQ
RFQ stands for Request for Quotation. This document usually follows an RFP and specifies exact requirements and specifications. It is used to confirm a vendor's ability to meet these requirements and to identify the lowest possible price.
RPA finance
RPA, or Robotic Process Automation, refers to the use of technology to automate repetitive back-office tasks typically performed by human employees. In finance, RPA is commonly employed for tasks such as data entry, invoice processing, and record keeping to improve efficiency.
Real-time Expense Tracking
The continuous monitoring of financial transactions as they happen. This provides instant visibility into employee spending, allowing businesses to manage and control expenses better, ensuring accurate budgeting, and helping to easily identify any discrepancies in expense reporting.
Reconciliation
The process of ensuring that all expenses recorded on the Qashio corporate card match the actual transactions and are approved within the defined company policy.
Reimbursement
Reimbursement is the process whereby an employee is repaid for out-of-pocket expenses incurred in accordance with the company's spending policies. This is typically associated with business expenses and is compensated after an expense report has been filed and approved.
Reimbursements
The process of compensating employees for expenses they have paid out of pocket on behalf of the company. With Qashio employees can use a prefunded Qashio corporate card to avoid out-of-pocket expenses, facilitating seamless reconciliation across all accounting systems.
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