BUSINESS TERMS, IN PLAIN WORDS
Glossary
What the words on your invoices, returns and stock reports mean, and how to use them correctly.
Glossary
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CAPACorrective and preventive action, a structured process to address causes and prevent recurrence.Read the definition →Cash conversion cycleThe approximate days cash is tied up in inventory and receivables after accounting for supplier credit.Read the definition →CGSTCentral Goods and Services Tax component in applicable intrastate taxable supplies.Read the definition →Credit noteDocument used to reduce a previously recorded invoice amount in qualifying circumstances.Read the definition →
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Debit noteDocument recording an upward or other qualifying adjustment to an original transaction, depending on the issuing party and context.Read the definition →Delivery challanDocument recording movement of goods, including certain movements that do not involve an immediate tax invoice.Read the definition →DIODays inventory outstanding, a measure of the average number of days inventory is held.Read the definition →DPODays payable outstanding, an estimate of how long the business takes to pay suppliers.Read the definition →DSODays sales outstanding, an estimate of the average number of days receivables remain unpaid.Read the definition →
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