Glossary

30-day and 13-week operating cash burn are also known as the “burn rate.” These are the rates at which a business consumes its cash reserves.

3-way matching refers to a three-step process of matching three key documents before processing a payment to a supplier.

SaaS accountants face complex tasks. Here are 5 essential journal entry examples they need to master.

Account reconciliation compares records to spot discrepancies and confirm accuracy. Learn how NetSuite simplifies this key accounting task.

Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit.

Accounts payable automation (AP Automation) refers to the use of technology and software solutions to streamline and optimize the accounts payable process.

Accounts payable days show how long it takes your business to pay suppliers – a key metric for cash flow, working capital and supplier trust.

Accounts payable turnover shows how often a company pays suppliers. Learn the formula and what it reveals about short-term liquidity.

Accounts receivable refers to the money a business is owed by its customers for products or services that have been delivered but not yet paid for.

Accounts receivable aging is a reporting process that categorizes unpaid invoices and credit memos according to how long they remain outstanding. They are typically sorted into 30-day ranges (0-30 days, 31-60 days, 61-90 days), and this report is how companies calculate their days sales outstanding (DSO) average.