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

Billing Address

C

Cash on Cash Return

COGS (Cost of Goods Sold)

Collection Letter

Commercial Invoice

Chart of Accounts

D

Days Sales Outstanding (DSO)

Digital Invoice

Double Taxation

E

EDI Invoice (Electronic Data Interchange)

F

FIFO (First In, First Out)

G

H

I

J

K

L

Lockbox Service

M

Merchant Account

Milestone Billing

N

O

P

PO Number (Purchase Order Number)

Point of Sale (POS)

Progress Billing

Q

R

Receivables Turnover Ratio

Recurring Invoice

Remit To (Remittance Address)

Resale Certificate

S

Sales Tax Exemption

T

Trailing Invoice

U

V

W

X

Y

Z

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