Glossary

The total amount of money being transferred into and out of a business, particularly as affecting liquidity

A financial transaction where a business sells its invoices to a third party (factor) at a discount for immediate cash

A pre-designed layout used to create consistent and professional invoices

The date on which the invoice is created and sent to the client.

A charge for handling transactions, typically by payment processor.

Information about a business, including its name, contact details, and branding elements.

A preliminary calculation of the cost of a project or service provided to a client before work begins. It helps clients understand the expected costs

A document sent by a seller to a buyer listing the products or services provided and the amount due for payment.

A unique identifier assigned to each invoice, helping both the buyer and seller track and reference specific transactions.

A type of electronic payment made through the Automated Clearing House network. ACH payments are widely used for direct deposits, bill payments, and business-to-business transactions.

A document issued by a seller to a buyer, detailing the products or services provided, their quantities, and the agreed-upon prices. It serves as a request for payment.

The date by which the payment for an invoice must be made. This is typically specified on the invoice and can vary based on the terms agreed upon between the buyer and seller.