Business Glossary

Whether you’ve been running a business for years or just getting started, learn everything you need to know about starting, running, and growing your business with the POSApt Business Glossary.

A

8 terms

Accounting Equation

Accounting Period

Accounts Payable

Accounts Receivable

Accrual Accounting

Advance Payment

B

3 terms

Bank Reconciliation

Break-even Point

C

18 terms

Card Not Present (CNP)

Card Present Transaction

Cash Accounting

Cash Flow Statement

Clock In Clock Out

Commercial Invoice

Contactless Payment

Conversion Rate

Customer Display Screen

Customer Experience (CX)

Customer Lifetime Value (CLV)

Customer Retention

D

4 terms

Daily Sales Report

Deposit Invoice

Digital Receipt

E

4 terms

EMV (Europay, Mastercard, Visa)

End-of-Day Reconciliation

Exchange Transaction

F

5 terms

Financial Management

Financial Reporting

G

2 terms

Gross Profit Margin

I

3 terms

Inventory Forecasting

L

2 terms

Low Stock Alert

M

7 terms

Menu Management

Merchant Account

Mobile Payments

Mobile POS (mPOS)

Multi-Channel Selling

N

2 terms

O

6 terms

Omnichannel Retail

Operating Expense

Operating Profit

Order Fulfilment

Outstanding Balance

P

14 terms

Payment Authorisation

Payment Dispute

Payment Settlement

Point of Purchase

Point of Sale (POS)

Product Catalogue

Profit and Loss Statement

Q

1 term

QR Code Payments

R

8 terms

Real-Time Reporting

Recurring Invoice

Refund Processing

Return on Investment (ROI)

Returns Management

Revenue Tracking

S

15 terms

Sales Forecasting

Sales Reporting

Settlement Time

Shift Management

Sole Proprietorship

Stock Adjustment

T

6 terms

Table Management

Trade creditors

Transaction History

U

1 term

V

3 terms

Vendor Management

Void Transaction

W

2 terms

Word-of-Mouth (WOM) Marketing

Working Capital Ratio

X

1 term

X Report (Mid-Day Report)

Z

1 term

Z Report (End-of-Day Report)