The Ultimate Qashiopedia
Collateral
Collateral is an asset that a borrower pledges as security for a loan, which is accepted by the lender. If the borrower fails to honour the payments owed, the lender can seize the collateral to cover the loss of the loan.
Company Balance
The opening and closing balances of both the Qashio Business Account and individual employee corporate cards. This includes a detailed overview of transactions for a selected period and is available via email in an Excel format. The first sheet provides an overall business account balance, while subsequent sheers break down card-specific balances.
Corporate Card
Qashio corporate cards are pre-funded cards created for employees for business-related expenses, such as travel, office supplies, or client entertainment. The Qashio corporate card removes the need for personal credit card usage and reimbursement, as well as petty cash payments. Customers securely transfer funds to a Mashreq Client Money account, managed by NymCard, an entity regulated by the Central Bank of the UAE. These funds are used to enable spending limits and are never accessed by NymCard, Qashio, or third-party accounts. Through Qashio’s corporate card users can create, control, and allocate funds to cards, with each card customisable for spending limits and merchant restrictions, ensuring secure, real-time control.
Corporate cards
Corporate cards are credit, debit, or prepaid cards issued for commercial purposes, typically reserved for larger companies (i.e., corporations). They are provided to employees to facilitate purchases without the need to use personal cards, aiding in expense management.
Cost of goods sold (COGS)
COGS represents the total expenses incurred by a company in the production of a product, including labour costs, materials, and other factory overheads.
Credit card float
The float of a credit card refers to the time between when a purchase is made and when it appears in the credit card account. This float typically lasts one to two days.
Custom Export Templates
Allows users to create tailored transaction reports by selecting specific data fields and filters based on their business needs. Users can customise the report by choosing the columns to be included, applying filters to limit the transactions, and saving the template for future use. These saved templates can be easily accessed and reused, ensuring consistent reporting with minimal effort. This feature enhances flexibility in data extraction, allowing for detailed and focused financial insights that align with specific company requirements.
Custom Transaction Reports
This feature allows Qashio clients to generate tailored reports based on specific transaction data. Users can select transaction details such as date range, amount range, and preferred file format (CSV or PDF). Before exporting the report users can modify the report by adjusting templates or filters. Once the report has been finalised it can be generated and either downloaded or emailed directly. This feature provides more flexibility in tracking and analysing expenses, helping to meet the unique financial reporting needs of businesses.
Data Encryption
The method of encoding information so that only authorised parties can access it, ensuring the security of sensitive financial data and transactions.
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.
