Glossary hub

Definitions with context and action paths for finance, invoicing, ERP, and compliance teams.

Accounting

General ledger

Core accounting record used to summarize all transactions.

accounting

Accounts payable

Amounts a business owes suppliers and vendors.

accounting

Accounts receivable

Amounts customers owe your business after invoicing.

accounting

Cash flow

How cash moves in and out of the business over time.

accounting

Invoicing

What is e-invoicing?

Digital invoicing model with validation and compliance workflows.

invoicing

Credit note

Document that reduces the value of an already issued invoice.

invoicing

Debit note

Document used to increase or correct invoiced amounts.

invoicing

VAT

Value-added tax applied to taxable goods and services.

invoicing tax

ERP

What is ERP?

Integrated software that connects finance, operations, and teams.

erp

Purchase order

Formal request used to authorize and track procurement.

erp procurement

Bill of materials

Structured list of components needed to make a product.

erp manufacturing

Inventory turnover

Metric showing how often inventory is sold and replaced.

erp inventory

Compliance

ZATCA readiness

Readiness requirements for compliant e-invoicing operations in Saudi Arabia.

compliance

Compliance guide

Practical checklist for reducing invoicing rejection and audit risk.

compliance zatca