In accounting and ERP software, in different industries or countries, everyone uses different terms for the same things. Here's the list of the most common one we are using in Ocerra and its equivalents:
Accounting
GL (General Ledger), GL Code = GL Account = Tax Account
GST/VAT Number = Tax Number
Tax Type = Tax Rate, e.g. GST 15% or VAT 10%
Vendor = Supplier
Invoice = Bill = AP Bill
Voucher = Invoice. We use the term Voucher in Ocerra for all unapproved invoices.
Items = Products = Stock Codes
Purchase Orders = Work Orders
Credit Notes = Credit memos
Net Amount = Sub Total = Before GST
Gross Amount = Total = Summary = Including GST
Status vs State
Status is used to describe an outcome of an operation (e.g. success/fail).
State is used to describe a stage in a process (e.g. pending/dispatched).
Development
Open API = Swagger
AI = machine learning
General
AP - Accounts Payable
OCR - Optical Character Recognition
If you come across any other terms, please let us know, we will add it to the list!