Invoices

Attribute
In accounting and auditing, an attribute is a specific characteristic or feature that each member of a population either has or does not have.
Cost Records
Cost Records refer to documents that provide evidence of the prices at which investments were purchased or the costs incurred in producing goods, providing services, or supporting activities. These records are essential for calculating capital gains and substantiating financial performance.
Electronic Billing (E-Billing)
Electronic Billing (E-Billing) refers to the modernized process of sending invoices and accepting payments for goods and services via the Internet. It consists of biller-direct payments and bank-aggregator payments, enhancing efficiency and reducing paper usage.
List Price
In retail, the price regularly quoted to customers before applying discounts. List prices are usually the prices printed on dealer lists, invoices, price tags, catalogs, or dealer purchase orders.
Past Due
The term 'past due' refers to an obligation or invoice that has not been paid or performed by its specified due date but has not yet reached a state of default.
Presentment
Presentment refers to the process of presenting a financial instrument for payment. It's commonly used in online billing where invoices are sent to customers digitally after their orders have been fulfilled.
Sales Day Book
A Sales Day Book, also known as a Sales Journal or Sold Day Book, is an essential accounting record used to document invoices issued to customers for goods or services provided by an organization.
Subtotal
A preliminary sum that represents the total of a set of numbers before any additional amounts, such as taxes or discounts, are included.

Accounting Terms Lexicon

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