In accounting, as well as in different countries or ERP systems some terms may vary. This list has the most common terms we are using in Ocerra. 

In the system

• Invoices = AP bills, bills
• Vendors = Suppliers
  
• Due date = Terms if no due date on the invoice
• PO = Purchase Order, Order, Work Order
• Net = Net amount, sub total, before GST
• Total = Gross amount, Summary, Including GST
• GST = VAT
• Tax Number = GST Number or ABN Number
• Account = Tax account, GL account, GL code
• Tax = Tax rate, tax type
• Credit Notes = Credit memos, Debit Adjustments
  
• Voucher = Invoice. We use the term Voucher in Ocerra for all unapproved invoices. 

Workflows

• 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).

Data extraction

• OCR = Optical Character Recognition
• ML = Machine Learning
• AI = Artificial Intelligence

Other

• Open API = Swagger
• API = Application Programming Interface 
  
• AP - Accounts Payable

If you come across any other terms, please let us know, we will add it to the list!