Technical terms
A business unit that is only responsible for the expenses it incurs. Examples of cost centres are Accounting, Human Resources and Research and Development.
Credit control is the system used by a business to make sure that it gives credit only to customers who are able to pay, and that customers pay on time.
A note stating that an amount has been credited to a customer or organisation’s account.
A credit score is a number that reflects the likelihood of you paying credit back. Lenders like banks and credit card companies will look at your credit his...
An evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt...
A customer account record is the basic unit of information about a customer that resides in a CRM, or customer relationship management system.
Purchase order from the customer to the vendor containing product codes and inventory requirements.
This report provides details of customer transactions posted, for either a single posting date or a range of dates.
The Data Protection Act controls how your personal information is used by organisations, businesses or the government. Everyone responsible for using data h...
Descriptive and chronological recording of day-to-day financial transactions.