The Ultimate Qashiopedia
Yield variance
Yield variance is a production metric that measures the actual product output against expected output from a certain quantity of raw materials. Specifically, yield variance is calculated by multiplying the unit cost by the difference between actual yield and expected yield: Yield Variance = Unit cost * (Actual Yield - Expected Yield).
Zero fraud liability
Zero fraud liability is a common policy associated with credit and sometimes debit cards that protects cardholders against fraud and unauthorised purchases. This policy stipulates that the cardholder bears no financial responsibility for fraudulent transactions. While most credit cards will refund fraudulent purchases once reported, zero fraud liability eliminates potential charges. However, this policy is generally not applicable to business credit cards or other corporate cards.
Zero-based budgeting (ZBB)
Zero-based budgeting is an approach where a new budget is created for each financial period, requiring justification and approval for all expenses rather than merely adjusting the previous budget. The main advantage of ZBB is that it allows for more accurate assessments based on updated information, though it can be time-consuming to implement.
Zombie spend
Zombie spend describes expenditure on products or services that a company no longer utilises. For example, spending on projects that are obsolete or on software subscriptions that are no longer in use. Zombie spend typically arises from a lack of visibility into expenses.
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