Accounts payable (Trade creditors)
What is accounts payable (trade creditors)? Learn the formula, how supplier payment terms affect cash flow, how it differs from receivables, and an example.
Glossary
Inventory and bookkeeping glossary
Short definitions, worked examples and where each term shows up in GiroPS.
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Accounts receivable (Trade debtors)
Learn what accounts receivable (trade debtors) means, how to calculate open customer balances, how it affects cash flow, and how to track invoices.
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Accounts receivable aging (Aged debtors)
What is an accounts receivable aging (aged debtors) report? Learn how 0–30, 31–60, 61–90, and 90+ day overdue buckets work, with a numerical example.
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Break-even point (BEP)
Learn the break-even point formula in units and revenue, contribution margin per unit, a worked example, and how to track fixed costs and profitability.
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Cash flow
Learn the net cash flow formula, why cash flow differs from accounting profit, a practical example, and how to track cash and bank accounts.
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Credit sale (Sale on account)
What is a credit sale (sale on account)? Learn how selling on payment terms separates profit from cash flow, with a numerical example and balance tracking.
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Dead stock (Obsolete inventory)
Learn what dead stock (obsolete inventory) means, how it differs from slow-moving stock, its hidden cost to cash flow, and practical ways to clear it.
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Delivery note (Packing slip)
Plain-language definition of a delivery note (packing slip), what details it contains, how it differs from an invoice and how to use it when shipping orders.
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Gross profit
Learn what gross profit is, how to calculate it (Net Sales minus COGS), how it differs from revenue and net profit, with a clear small-business example.
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Gross profit margin (Gross margin)
Learn the gross profit margin formula, how it differs from markup percentage, worked pricing examples, and how to track product margins in your business.
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Inventory turnover
The inventory turnover formula, how to convert it into days of stock, a worked example and common questions, with where each number comes from.
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Markup (Markup percentage)
Understand the markup percentage formula, how to convert between markup and gross profit margin, worked examples, and how to price inventory accurately.
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Price quotation (Quote)
Plain-language definition of a price quotation (sales quote), what details to include, how it differs from a proforma and an invoice, plus a worked example.
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Proforma invoice
Understand what a proforma invoice is, how it differs from a price quote and a final sales invoice, what details to include, and a practical workflow example.
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Purchase order (PO)
Plain-language definition of a purchase order (PO), what details it includes, how it differs from a quote and an invoice, and a step-by-step business example.
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Reorder point (ROP)
Understand what the reorder point (ROP) is, how to calculate it from lead-time demand and safety stock, with a clear numerical example and FAQ.
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Safety stock
Learn what safety stock is, how to calculate buffer inventory with a simple formula and worked example, and how it differs from the reorder point.
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Stock Keeping Unit (SKU / Stock code)
Plain-language definition of a Stock Keeping Unit (SKU), how it differs from a UPC/EAN barcode, rules for creating readable stock codes and worked examples.
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Stocktaking (Physical inventory count)
What is stocktaking (physical inventory count)? Learn why stock discrepancies happen, full count vs cycle counting, and a clear worked example.
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Weighted average cost (WAC)
Learn how the weighted average cost (WAC) method values inventory, the exact formula, a step-by-step numerical example, and how it differs from simple average.
Track stock, customer balances and cash in one place
GiroPS runs on Android, iOS and the web. Start free and move to a plan as your business grows.