ABA Number: American Bank Association number used for a customer’s checking account.
Accounts Receivable: Money which is owed to a company by a customer for produces and services provided on credit. This is treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice.
Accounts Payable: Money which a company owes to vendors for products and services purchased on credit. This item appears on the company’s balance sheet as a current liability, since the expectation is that the liability will be fulfilled in less than a year. When accounts payable are paid off, it represents a negative cash flow for the company.
Affiliate: In this case, refers to the individuals that your company has enlisted to process work orders.
Aging Accounts: Classifying accounts by the time elapsed after the date of billing or the due date. An aging schedule of accounts receivable may break down receivables from 1-30 days, 31-60 days, 61-90 days, and over 90 days.
Attempt Code: Code used to update status of a work order.
Claims Adjuster: The person that investigates claims by performing such tasks as interviewing the claimant and witnesses, and/or consulting hospital and police records.
DB Rating: Dun and Bradstreet is a company that provides credit ratings for companies worldwide.
Defendant: The party who is required to answer the complaint of a plaintiff in a lawsuit before the court; any party who has been formally charged or accused of violating a criminal statute.
Exchange Rate: Between two currencies, specifies how much one currency is worth in terms of the other.
FOB: Shipping term - Free on Board. It specifies which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred.
FTP: File Transfer Protocol; a protocol used for transfering files across the network.
General Ledger: The main accounting record of a business which uses double-entry bookkeeping. It will usually include accounts for such items as current assets, fixed assets, liabilities, revenue and expense items, gains and losses.
Grace period: A period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived.
Jurisdiction: The limits or territory within which authority may be exercised
Lead Time: Refers to the time from the moment the vendor receives an order to the moment the order is shipped.
Notarize: To authenticate a legal document by having a public officer (notary public) attest or certify its writings.
Plaintiff: The party who initiates a lawsuit before a court.
POP: Post Office Protocol; a protocol used to retrieve e-mail from a mail server.
POP Mail Server: A standard mail server that provides storage for incoming e-mail until users log on and download it.
Proof of Service: A document that proves that a service was performed to complete processing of a work order.
Reconcile Bank Statement: The process of matching and comparing figures from accounting records against those presented on a bank statement.
Routing Number: A bank code used to identify a finanction institution on which a check was drawn.
SMTP: Simple Mail Transfer Protocol
SMTP Server: A computer that handles e-mail transmissions across the internet using SMTP.
Subledger, or Subsidiary Ledger: A subset of the general ledger used in accounting. The subledger shows detail for part of the accounting records such as property and equipment, prepaid expenses, etc. The total of the subledger would match the line item amount on the general ledger. This corresponding line item in the general ledger is referred to as the controlling account.
Vendor: Anyone who provides goods or services to a company.
Glossary definitions were obtained from the following sources:
http://www.answers.com/
http://www.investorwords.com/
http://www.merriam-webster.com/
http://en.wikipedia.org/wiki/
http://www.nzhosted.com/glossary.php