Every so often, we'll make reference to terms that may confuse you. Don't fret! We'll make everything relevant.
accountant - the genius who's responsible for financial reporting, and sometimes, taxes.
accounts payable - related to who you owe for products of services purchased by your company.
accounts receivable - related to money due to you based on products sold or services performed.
automated clearing house (ACH) - the luxury of collecting or sending payments, electronically, within 2 to 3 days.
bookkeeper - the genius who's responsible for recording transactions, i.e., payments going out and cash coming in.
books - also known as the company's financial records.
cash flow - the impact of money flowing in and out of the business.
cloud - the flexibility of accessing financial information and software, whenever and wherever, securely.
credit -accounting entry related to money received.
debit - accounting entry related to a debt or money owed.