Glossary Of Terms

Simple, jargon-free explanations of invoicing and home service terms for small business owners. Answering the questions you’re too afraid to ask

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

A

B

Balance Sheet
Billing Address

C

Cash on Cash Return
COGS (Cost of Goods Sold)
Collection Letter
Commercial Invoice
Chargeback
Chart of Accounts

D

Days Sales Outstanding (DSO)
Digital Invoice
Discounted Cash Flow
Double Taxation
Dunning (Process)

E

EBITDA
Economic Nexus
EDI Invoice (Electronic Data Interchange)
Employee Handbook
ePayment
Excise Tax

F

FIFO (First In, First Out)
Finance Charge
Form I-9
Forms 1099
Form 1905-C
Form 940
Form 941
Form W-3
Form W-4
Form W-9

G

General Ledger

H

I

1099 Invoice
Interest Rate
Invoice Number

J

K

L

Labor Costs
Levered Free Cash Flow (LFCF) Equation
Lien Waiver
Lockbox Service

M

Material Costs
Merchant Account
Milestone Billing

N

Net 30
Net 90
Net Cash Flow
Net Income

O

Operating Cash Flow Formula (OCF)
Overhead Costs

P

Payment Forms Employers
Payment Portal
Payment Terms
Per Diem
PO Number (Purchase Order Number)
Point of Sale (POS)
Pro Forma
Progress Billing

Q

R

Receipt
Receivables Turnover Ratio
Recurring Invoice
Remit To (Remittance Address)
Resale Certificate

S

Sales Order
Sales Tax Exemption
Section 179
Self-Billing
SWIFT Code

T

Trailing Invoice

U

Unlevered Free Cash Flow

V

VAT Number

W

X

Y

Z

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