The Ultimate Qashiopedia
Acquirer processor
Should we use "Merchant Acquirer" or "Payment Processor" instead of "Acquirer processor"? This term does not make sense.
Acquiring bank
An acquiring bank, or acquirer, is a bank or financial institution that is a licensed member of a card association such as Visa or Mastercard, which authorises and processes electronic credit or debit card payments from clients on behalf of the merchant.
Actions
Enables Qashio users to perform key tasks like exporting transaction reports, viewing account balances, and generating bulk card statement reports.
Activity-based budgeting
Activity-based budgeting (ABB) is a budgeting strategy that fully analyses activities to estimate expenditures. When developing a budget, ABB does not consider historical costs, unlike traditional budgeting.
Admin User
An admin user in Qashio is a role assigned to individuals responsible for overseeing company-wide financial activities, managing user access, defining how Qashio Points are redeemed, and ensuring compliance with internal policies. There are four roles available for end users. These are Company Admin, Assistant Admin, Accountant Admin, and End User, each with different responsibilities. Admin users who also have a corporate card are granted end-user rights for card-related activities. The number of admin roles a company can have access to is defined in the Qashio Service Agreement, and additional roles can be requested.
Annual percentage rate (APR)
The annual percentage rate (APR) is a percentage that indicates the yearly cost of borrowing money or the amount earned on an investment.
Approval
Refers to the process of reviewing and authorising financial transactions and activities before they happen. This involves approval groups, approval policies, and approval workflows.
Approval Groups
A feature in Qashio that allows admin users to create groups of users for the purpose of streamlining expense approvals. By navigating to the Approval Policies section, users can set up an Approval Group, assign specific employees, and use these groups to efficiently manage and apply approval workflows across departments or expense categories, ensuring faster and more organised expense approvals.
Approval Policy
A set of rules and processes which are defined by company admins to manage and control the approval of key financial activities, including card creation, fund allocation, and invoice payments. These policies define the approval workflow by determining who needs to approve requests based on factors like department, requester, amount, and the type of transaction. Policies can apply to all departments or be further customised to specific departments, with approval range and several layers of approvers. This means that approvals are properly managed and align with company governance.
Ready to Take Your Business to the Next Level?
Discover the benefits of Qashio’s flexible financing options. Apply now and start optimising your financial management with solutions designed for growth and efficiency.
