SaaS Glossary - Essential Terms Defined

A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period. A bank reconciliation statement is a useful financial internal control tool used to thwart fraud.

Bookstore is the place where the people will be able to get the books of their choice at reasonable price. There can be textbooks, story books and many other books available at the book store. But if it is the giant bookstore then the management of it will be very difficult. So, the books management system application will help in maintaining all these details at one stretch. The bookstore management system will help in maintaining the details of the books available, customers details, details of the books given on rent, sales record, employee's details and many other details can be mentioned in this application.

Billing and invoicing feature allows you to bill project services directly to customers, employees and external service providers. Invoices can be created based on milestones, partial payments and final payments as well as at cost (time and material). Timesheets required in many industry sectors are generated by the system.

The financial institutions of a free-market economy include a segment called the buy-side: firms that purchase investment securities. These include insurance firms, mutual funds, hedge funds, and pension funds, that buy securities for their own accounts or for investors with the goal of generating a return.

Billable hours are the hours you spend doing tasks for a particular project. On the other hand, whenever you're doing tasks that are important for the overall success of your business, such as bookkeeping or looking for new clients, you will mark these hours as non-billable.

Brand tracking refers to the marketing efforts used to quantify the effects of brand-building campaigns on sales and conversions. More and more, marketing teams are building campaigns that are focused on emphasizing unique brand attributes, rather than just products.

Business process automation is the use of technology to execute recurring tasks or processes in a business where manual effort can be replaced. It is done to minimize costs, increase efficiency, and streamline processes.

Built-in authoring offers limited course authoring functionality, which means they are easy to learn. Using a built-in authoring tool allows you to build and publish directly within your system, usually via drag and drop functionality, so you can quickly build a basic course.

A behavior management plan is a plan made up of procedures that are in place to hold students accountable for their behavior, encourage positive behavior, and to eliminate scolding or lecturing, which is rarely, if ever, effective in changing behavior. A behavior management plan is not synonymous with discipline. Discipline is one aspect of a behavior management plan. A behavior management plan is developed long before the first student walks through your door in August. A good behavior management plan will consist of procedures, rules, and consequences. Students must be made aware of these from the beginning of the school year. In some cases, the students can help you develop these. When they contribute to the development of the plan, they feel more ownership and are far more likely to co...

A backup for a business stores all information necessary to completely recreate its accounting records, including transactions, customer and supplier information, inventory status, reports, attachments, as well as custom themes and settings. Using backups, you can: Recover data after it is lost, as when a storage drive fails, recover data from an earlier time, for example, before someone began making entry errors, transfer data between computers, build redundant data caches, migrate data to different editions of the program (desktop, server, or cloud). A backup includes data of only one business. If you have multiple accounting entities, each must be backed up separately. If desired, these backups can be to separate locations. And a single business can be backed up to multiple locations.