The Ultimate Qashiopedia
Deferred revenue
Deferred revenue is money received before a company has provided its products or services. It is considered a liability, as it will only be recognised as revenue once the goods or services are delivered.
Department
Refers to a segment within a company that is created and managed by company admins through the admin dashboard. Departments can represent a specific business unit or team and are essential for organising and managing financial operations within the Qashio platform. Each department can customise settings, such as spending limits, alerts, and assign a manager responsible for overseeing approvals and expense activities.
Deposits
Refers to transactions where funds are added to the Qashio Pool Account. This indicates a successful top-up of the account with a specific amount, increasing the available balance.
Depreciation
From an accounting perspective, depreciation refers to the reduction in the cost of an asset over time until it becomes valueless. For example, if a truck is bought for £500,000 and has a useful life of five years, it can be depreciated by £100,000 each year for five years.
Dilution
Dilution occurs when new shares are issued in a company, resulting in existing shareholders receiving more shares but a reduced percentage of ownership, thereby lowering the value of each individual share.
EBITDA
EBITDA stands for "Earnings Before Interest, Taxes, Depreciation, and Amortisation," and it is commonly used as a measure of a company's profitability before accounting for potential deductions.
EDI payments
EDI, or Electronic Data Interchange, is a method of transmitting payment data to manage sensitive information more securely. It is an encrypted way to handle and transfer transactions, invoices, and other payment information.
EMV chip card
An EMV chip card, which stands for Europay, Mastercard, and Visa, features a smart chip that has replaced the traditional magnetic stripe on cards over the last few years. The EMV chip includes security measures such as encryption, making it more difficult to skim or clone.
ERP (Enterprise Resource Planning)
Software systems are used by companies to manage and integrate core business processes, such as finance, HR, and supply chain management.
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