The Ultimate Qashiopedia
ERP Transactions
This feature enables the export of purchase and cash withdrawal data specifically designed for integration with ERP systems. This export includes detailed transaction data, such as associated GL (General Ledger) accounts, to streamline importing and syncing with an ERP. This feature helps finance teams to efficiently manage expense categories, improve reconciliation, and ensure accurate financial reporting by providing more comprehensive data.
Equity multiplier
The equity multiplier is a leverage ratio that indicates how much of a company's assets are financed by equity. The formula is: Total Assets / Total Shareholder Equity, with a higher number indicating greater reliance on debt.
Expense Approval Process
A structured series of steps that financial transactions must go through before being authorised. This process includes user submissions, reviews, and final approvals.
Expense Categories
Predefined groups of merchants or merchant types that help to control and track where a company's spending is allowed. These categories help admins limit card usage to specific types of expenses, ensuring that funds are only used for approved purposes.
Expense Management
Expense management is the process companies use to efficiently plan, pay, track, report, and audit business expenses. It streamlines and automates the financial workflow, from expense approvals to reimbursements, which ensures an accurate record and compliance with company policies.
Expense Policy
A set of guidelines that define what types of expenses are allowable, the process for submitting expenses, and the required documentation for reimbursement.
Expense Report
A detailed document that outlines business expenses incurred by employees, typically submitted for reimbursement.
Expense reports
An expense report is typically filled out by employees to list business expenses incurred on behalf of the company for reimbursement. Receipts are usually required for approval.
FICO score
A FICO score, developed by the Fair Isaac Corporation, is the most commonly used credit score that lenders use to evaluate a potential borrower's credit risk. It ranges from 300 to 850, with a score of 670-739 considered good.
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