Glossary of Terms

Accounts payable

Accounts receivable

Accrual basis accounting

Analytical reporting

Asset tracking

Audit

Audit trail

Automated data capture

Balance sheet

Bank reconciliation

Batch processing

Batch size management

Batching

Benchmarking

Bill of materials

Business intelligence

Capital asset tracking

Cash basis accounting

Cash flow

Cash flow budget

Cash flow statement

Cash management

Cloud-based deployment

Comparative financial analysis

Compliance

Compliance reporting

Consolidated financial statements

Contract management

Cost accounting

Cost of goods sold

Credit management

CRM

Customer management

Customer order history

Customer portal

Data visualization

Debt management

Demand planning

Depreciation

Electronic data interchange

Electronic funds transfer

ERP integration

Expense management

FDA regulations

Financial analysis

Financial controls

Financial management

Financial planning

Financial reporting

Financial statement analysis

Finished goods inventory

Fixed asset management

Fixed assets

Forecasting

General ledger

GL accounting

Inventory management

Inventory replenishment

Inventory turnover

Inventory turnover ratio

Inventory valuation

Job costing

Key performance indicators

KPI reporting

Ledger

Lot tracking

Multi-plant management

Multiple unit of measure handling

Order entry

Order fulfillment

Order management

Overhead expenses

Payment cycle

Payment processing

Payroll processing

Payroll support

Performance metrics

Price management

Production efficiency

Production planning

Profit and loss statement

Project management

Purchase cycle

Purchase order

Purchase requisitions

Quality assurance

Quality control

Raw material inventory

Real-time inventory tracking

Reconciliation

Recurring billing

Reorder point management

Revenue cycle

Revenue recognition

Risk management

Sales forecasting

Segmented financial statements

Shipment tracking

SKU management

Suppliers payment processing

Supply chain management

Tax accounting

Tax planning

Trial balance

USDA regulations

Vendor management

Warehouse management

Work order management

Yield calculation