The Ultimate Qashiopedia
Transaction Type
Qashio categorises the nature of each transaction and includes seven categories: Purchase, Card Loading, Card Unloading, Deposits, Reversals, Refunds, and Cash Withdrawals. Each transaction type provides specific details about the transaction, such as purchases made, funds added or removed, and cash withdrawals. This classification helps in tracking and managing financial activities efficiently.
Transaction Visibility
Gain real-time access to all corporate card transactions, enabling businesses to change from manual reimbursements to digital payments. This significantly enhances transparency and control allowing finance teams to track and manage expenses across departments efficiently.
Transactions
All financial activities are processed through the Qashio corporate card, including purchases, refunds, and cash withdrawals. Admin users can export transaction data by navigating to the “Transactions” section of their dashboard.
Transactions
A transaction is an agreement fulfilled between two parties involving the exchange of goods, services, or, in more complex cases, financial assets for cash. In a business context, a transaction is any event that impacts the company's financial statements in a monetary way.
Treasury
Treasury within a company refers to the management of cash flow, financial risks, and corporate finance, ensuring that the company can meet its daily obligations. The treasury function varies depending on the business size and industry; smaller businesses may have this managed by the finance department, while larger firms typically have a dedicated treasury team.
Underwriting
Underwriting is a critical risk assessment process used by insurance companies and financial institutions to determine the risk associated with an applicant, along with the premium related to that risk. In loans, underwriting assesses the client's financial situation and creditworthiness, while in insurance, it evaluates the likelihood of frequent or substantial claims. In the context of securities, it often refers to the processes involved in planning and managing an initial public offering (IPO).
User Access Management
The process of defining and managing who has access to specific features and data within the Qashio platform, ensuring that only authorised personnel can perform sensitive tasks.
Variable expenses
Variable expenses are those that may fluctuate month to month, regardless of whether they are recurring. Unlike fixed costs, which tend to remain constant over a specific period, variable expenses can include items like food, commissions, maintenance, and entertainment, whereas fixed costs may comprise rent, insurance, and loan payments.
Variance reporting
Variance reporting involves comparing forecasted results against actual results in a company. This process is an essential aspect of financial planning and is conducted consistently, regardless of whether the results are favourable or unfavourable, to accurately explain any discrepancies.
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