Skip to main content
Products
Products
ZoneBilling
ZoneReporting
ZoneCapture
ZoneReconcile
ZoneApprovals
Zone Banking
Zone People
ZonePayments
ZonePayroll
MyPay by Zone
Journal Generator by Zone
Zone Banking
Zone People
Solution 7 by Zone
Why Zone
Platform Overview
Professional Services
Integrations
SuiteApp Marketplace
Solutions
Use Cases
Order to Cash
Procure to Pay
Industries
SaaS
Manufacturing
Retail
Consumer Services
Teams
Finance Teams
HR Teams
Ops Teams
Resources
Learning
Resource Center
Case Studies
Product Updates
Glossary
Events & Webinars
Tools
Calculators & Assessments
Product Tours
Trust Center
Company
Company
About Us
Partners
Careers
Newsroom
Leadership Team
Awards
Support
Book a demo
Resources
Case Studies
Glossary
Product Tours
FAQs
Glossary
Explore commonly used financial, accounting and operations terms.
Take me to:
Billing
Approvals
Capture
Payments
NetSuite
Zone & Co
View All
AP Automation
AR Automation
Banking
Billing and Invoicing
HR & Operations
Industry Insights
Reporting and Analytics
Zone Updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
3 Way Match
3-way matching refers to a three-step process of matching three key documents before processing a payment to a supplier.
Account Reconciliation
Account reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.
Accounts Payable
Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit.
Accounts Payable Automation
Accounts payable automation (AP Automation) refers to the use of technology and software solutions to streamline and optimize the accounts payable process within an organization.
Accounts Payable Days
Accounts Payable Days (AP Days), also referred to as Days Payable Outstanding (DPO), is a financial ratio that measures the average time a company takes to pay its suppliers or vendors for credit purchases.
Advanced Billing
Billing and Invoicing
Advanced billing refers to sophisticated billing practices or capabilities that go beyond basic billing functionalities to address complex billing scenarios, accommodate specialized pricing structures, and support advanced revenue recognition requirements.
Advanced Electronic Bank Payments
Advanced electronic bank payments typically refer to sophisticated electronic payment methods and systems that enable businesses to execute various types of transactions with their banks electronically, often leveraging advanced technologies and automation capabilities.
Advanced Inventory
Advanced inventory refers to a comprehensive and feature-rich inventory management system or module within an enterprise resource planning (ERP) software or inventory management software.
Advanced Reporting
Reporting and Analytics
Advanced reporting refers to a sophisticated approach to generating and analyzing reports using advanced tools, techniques, and technologies.
Advanced Revenue Management (ARM)
Advanced Revenue Management (ARM) refers to a set of strategies and practices used by businesses to automate, streamline, and ensure accurate revenue recognition according to accounting standards.
Annual Contract Value (ACV)
Billing and Invoicing
Annual Contract Value (ACV) is a metric used to assess the average yearly revenue generated by a single customer contract. It helps businesses understand the annualized worth of their customer base, focusing on recurring revenue streams.
Annual Recurring Revenue (ARR)
Reporting and Analytics
Annual Recurring Revenue (ARR) is a key metric used by subscription-based businesses to track and measure their predictable, recurring revenue streams over a one-year period.
Automated Cash Application
Automated cash application (also known as automated cash posting or automated cash matching) is a process in accounting and financial management that uses technology and algorithms to match incoming payments or cash receipts with corresponding invoices or accounts receivable entries in an organization's financial records.
Automated Clearing House (ACH)
Billing and Invoicing
An Automated Clearing House (ACH) is an electronic network that facilitates the transfer of funds between bank accounts in the United States (and internationally with some variations).
B2B Payments
Billing and Invoicing
B2B payments, short for Business-to-Business payments, refer to financial transactions that occur between companies. This is distinct from B2C (Business-to-Consumer) transactions where businesses sell goods or services directly to individual customers.
Bank Reconciliation
Banking
Bank reconciliation is the process of comparing the balance on a company's bank statement with the balance in its own accounting records (usually in a general ledger) to ensure that they match.
Bill Capture
Bill capture, also known as invoice capture, refers to the process of extracting data from incoming bills, invoices, or purchase documents and converting it into a digital format that can be processed and managed electronically within an organization's accounting or enterprise resource planning (ERP) system.
Billing
Billing and Invoicing
Billing is the process of generating invoices or bills to request payment from customers or clients for goods sold or services rendered. It is a fundamental aspect of business operations that involves documenting the details of transactions, calculating charges, and issuing invoices to customers for payment.
Budgeting and Planning
Budgeting and planning is the process of setting financial goals, creating a detailed plan to achieve those goals, and allocating resources to various activities and initiatives within an organization.
Business Intelligence
Reporting and Analytics
Business intelligence (BI) refers to the use of technology, tools, processes, and methodologies to analyze and transform raw data into actionable insights for making informed business decisions.
Churn Rate
Reporting and Analytics
Churn rate is the percentage of customers who discontinue their subscriptions or stop using a company's product or service during a specific period.
Configure, Price, Quote (CPQ) Software
CPQ stands for Configure, Price, Quote. It's a software application that helps businesses automate the process of generating sales quotes, especially for products or services with various configurations.
Consolidated Invoicing
Consolidated invoicing, also known as centralized billing or grouped invoicing, is a billing process in which multiple transactions or charges incurred over a specified period are combined into a single invoice for payment.
Contract Management
Contract management is the process of managing the creation, execution, and administration of contracts between parties, such as businesses, organizations, or individuals.
Credit Card Processing
Credit card processing refers to the procedures and systems involved in securely authorizing and completing electronic payments made using credit cards.
Credit Card Reconciliation
Credit card reconciliation is the process of comparing transactions recorded in a company's accounting records with those listed on credit card statements to ensure accuracy and completeness.
Credit Memos
Billing and Invoicing
A credit memo, also known as a credit memorandum or a credit note, is a document issued by a seller to a buyer. It acts like a voucher that reduces the amount the buyer owes.
Customer Acquisition Cost (CAC)
Reporting and Analytics
Customer Acquisition Cost (CAC) is the total amount of money a company spends to gain a new customer.
Customer Lifetime Value (CLV)
Reporting and Analytics
Customer lifetime value (CLV or CLTV) is a metric that estimates the total revenue a business can reasonably expect from a single customer account throughout the business relationship.
Customer Relationship Management (CRM)
CRM stands for Customer Relationship Management. A CRM software helps businesses track and analyze customer data and interactions.
Cycle Time
Cycle time refers to the average time it takes to complete a specific task, production process, or service delivery from start to finish.
Data Mining
Data mining is the process of uncovering patterns and extracting valuable information from large sets of data. It's like sifting through a gold mine of information to find hidden gems of insights.
Days Inventory Outstanding (DIO)
Reporting and Analytics
Days Inventory Outstanding (DIO) is a working capital management metric that measures the average number of days a company holds onto its inventory before selling it. In other words, it tells you how long it typically takes for your inventory to be converted into cash through sales.
Days Payable Outstanding (DPO)
Days Payable Outstanding (DPO) is a financial metric that measures the average number of days a company takes to settle its bills with suppliers or creditors for purchases made on credit. In simpler terms, it tells you how long, on average, a company takes to pay off its outstanding accounts payable (AP).
Days Sales Outstanding (DSO)
Reporting and Analytics
Days Sales Outstanding (DSO) is a financial metric used to measure the average number of days it takes a company to collect cash from its customers after a sale is made on credit. In simpler terms, it tells you how long, on average, it takes for your company to convert credit sales into actual cash.
Debit Memos
Debit memo, also referred to as debit note, is a formal document issued by a seller (or service provider) to a customer increasing the customer's outstanding balance.
Document Management
Document management refers to the process of organizing, storing, managing, and tracking documents and information within an organization in a systematic and efficient manner.
E-invoice
An e-invoice is created, sent, received, and processed electronically, often through standardized formats like XML or EDI (Electronic Data Interchange).
EBITDA
Reporting and Analytics
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It's a financial metric used to assess a company's profitability from its core operations.
ERP
ERP stands for Enterprise Resource Planning. It's a type of software system that businesses use to manage and integrate essential parts of their operations. An ERP system functions as a central hub for data and processes, aiming to streamline information flow, improve efficiency, and provide a unified view of core business activities.
Expansion Revenue
Reporting and Analytics
Expansion revenue refers to the additional revenue generated by your existing customers. It represents the growth in their spending beyond their initial purchase or contracted amount. In simpler terms, it's the money you earn from your customers when they buy more, upgrade their plans, or add new features and services.
Expense Management
Expense management refers to the process of overseeing, controlling, and optimizing expenses incurred by individuals, businesses, or organizations.
Expense Report
Reporting and Analytics
An expense report is a document used by individuals or employees to record and report business-related expenses incurred during the course of their work.
Expenses App
An expenses app, also known as an expense management app or a spending tracker app, is a mobile application designed to help individuals or businesses track, manage, and control their expenses.
Extract, Transform, Load (ETL)
Extract, Transform, Load (ETL) is a fundamental process in financial data management. It refers to the steps involved in collecting financial data from various sources, preparing it for analysis, and storing it in a central location for easy access and reporting.
Financials First
‘Financials First’ is an approach or strategy in business software implementation where the financial management modules of an enterprise resource planning (ERP) system, like NetSuite, are implemented and prioritized before other modules or functionalities.
Forecasting
Forecasting is a systematic process of predicting or estimating future events, trends, or outcomes based on historical data, statistical analysis, and expert judgment
Intercompany Journal Entry
An intercompany journal entry is a financial transaction recorded between two or more entities within the same corporate group or organization.
Inventory Adjustment
Inventory adjustment refers to the process of modifying the quantity or value of inventory items recorded in an organization's inventory management system to reflect the actual physical inventory levels or the financial value of the inventory.
Inventory Management
Inventory management is the process of overseeing and controlling the flow of goods or products within a business.
Invoice Approval Workflow
An invoice approval workflow is a structured process that governs the review, verification, and approval of invoices within an organization before they are paid.
Invoice Automation
Invoice automation, also known as accounts payable (AP) automation or invoice processing automation, refers to the use of technology to streamline and optimize the process of handling invoices within an organization.
Invoice Processing
Invoice processing is the entire workflow a business follows to manage incoming invoices from suppliers or vendors, all the way from receiving them to paying them. It's essentially how companies ensure they're paying the right amount, to the right vendor, at the right time.
Invoice Scanning
Invoice scanning is the process of using technology, typically optical character recognition (OCR) software, to convert printed or handwritten invoices into digital format.
Invoicing
Invoicing is the process of formally requesting payment for goods sold or services rendered.
Journal Entry
A journal entry is a record of a financial transaction entered into an accounting system.
Journal Entry Import Template
A journal entry import template is a structured format or file used to input financial transactions into an accounting system in bulk.
Leave Management
HR & Operations
Leave management, also known as absence management or time-off management, is the process of tracking, managing, and administering employee time off from work for various reasons, such as vacation, sick leave, personal leave, maternity/paternity leave, and other types of authorized absences.
Match Bank Data
Banking
Match bank data is the process of reconciling financial transactions recorded in an organization's accounting records with the corresponding transactions reported by the bank or financial institution.
Monthly Recurring Revenue (MRR)
Reporting and Analytics
Monthly Recurring Revenue (MRR) is a metric used by subscription-based businesses to track and measure their predictable, recurring revenue streams on a monthly basis.
NetSuite AI
NetSuite AI (Artificial Intelligence) refers to the integration of AI technologies and capabilities within NetSuite's suite of cloud-based business management software.
NetSuite Advanced Revenue Management
Billing and Invoicing
NetSuite Advanced Revenue Management (NetSuite ARM) is a module in the NetSuite ERP platform designed to help businesses manage and automate complex revenue recognition processes.
NetSuite Dashboard Examples
Reporting and Analytics
NetSuite offers a wide range of customizable dashboards that provide users with real-time visibility into key performance indicators (KPIs), metrics, and business insights across various areas of their organization.
NetSuite HR and Payroll
HR & Operations
NetSuite HR and Payroll is a comprehensive suite of cloud-based software solutions designed to streamline and automate human resources and payroll processes within organizations.
NetSuite OCR
NetSuite OCR (Optical Character Recognition) is a technology that converts computer images into machine-readable text.
NetSuite Planning and Budgeting (NSPB)
NetSuite Planning and Budgeting is a module within the NetSuite ERP system that provides businesses with tools and functionalities to streamline their financial planning, budgeting, and forecasting processes.
NetSuite Report Builder
NetSuite Report Builder is a tool or app within NetSuite that allows you to create custom reports based on your business needs. Users can design interactive and in-depth dashboards and reports that provide actionable insights and drive business results.
NetSuite Reporting
Reporting and Analytics
NetSuite reporting refers to the feature within the NetSuite ERP system that allows users to generate, customize, and analyze reports based on data stored within the platform.
NetSuite SuiteBilling
Billing and Invoicing
NetSuite SuiteBilling is a billing management solution within the NetSuite ERP. SuiteBilling simplifies the complexities of different billing models, including subscription-based billing, recurring billing, and usage-based billing.
Order-to-Cash (OTC or O2C)
Order-to-Cash (OTC), also sometimes referred to as Order-to-Cash Cycle (O2C), is a crucial business process encompassing all the activities involved in processing a customer order and collecting payment. It essentially tracks the journey a sale takes, from the initial moment a customer expresses interest to when the company receives the final payment.
Payroll
HR & Operations
Payroll refers to the process of calculating and disbursing compensation or wages to employees for their work performed during a specific period.
Power BI
Reporting and Analytics
Power BI is a business analytics tool developed by Microsoft that allows users to visualize and analyze data from various sources.
Profit and loss (P&L) statement
A P&L, also known as a profit and loss statement or income statement, is a financial document that summarizes a company's revenue and expenses over a specific period, typically a month, quarter, or year. It shows how effectively a business is converting its sales into profits.
Purchase Order Workflow
A purchase order (PO) workflow is a defined process that governs the creation, approval, and fulfillment of purchase orders within an organization.
Quote-to-Cash (Q2C)
Billing and Invoicing
Quote-to-Cash (Q2C), also sometimes referred to as Quote-to-Order-to-Cash (QTC), is the entire business process encompassing all the activities involved in generating a sale from the initial quote to receiving payment.
Recurring Billing
Billing and Invoicing
Recurring billing is a billing model in which customers are charged automatically and regularly at predefined intervals for ongoing products or services they receive from a business.
Retention Rate
Reporting and Analytics
Retention rate is a metric that measures how many customers (or users) continue to use a product or service over a specific period of time.
Revenue Leakage
Billing and Invoicing
Revenue leakage refers to the unintentional loss of revenue that a business earns but fails to collect.
Revenue Recognition
Revenue recognition is an accounting principle that governs when and how a company recognizes revenue from its sales transactions.
Scan and Capture
Scan and capture is a process that uses AI and OCR (Optical Character Recognition) technology to digitize physical documents and capture relevant data from them electronically.
Stripe NetSuite Integration
Yes, you can integrate Stripe with NetSuite via an app like ZonePayments, which allows you to collect customer payments and reconcile deposits directly within NetSuite while maintaining control and compliance.
Subscription Billing
Billing and Invoicing
Subscription billing, also known as recurring billing or subscription-based billing, is a business model in which customers pay a recurring fee at regular intervals (such as monthly, quarterly, or annually) in exchange for continued access to a product or service.
Timesheets
HR & Operations
Timesheets are documents used by organizations to track and record the amount of time employees spend on various tasks, projects, or activities during a specific period, typically a week or a month.