Definitions

Definitions provided as a general guide.

Organization

A group of companies. A Voyzu instance has only a single Organization

Company

A bounded set of financial records. A company could be a registered company, a charitable organization, a partnership, and individual or a division within a company. All companies belong to the one Organization

Company General Ledger

Synonymous with Company Journal. The full set of financial entries for a Company and thus the source of financial truth for a company.

Company Journal Entry

Or An individual entry (record) in the Company General Ledger.

Posting

A verb. The activity of calculating and entering an entry into the Company General Ledger

General Ledger Account

An individual "bucket" representing a financial total. Sometimes shortened to "GL Account" or simply "Account". Also sometimes informally known as a General Ledger Code, or GL Code

Account Type

The highest level Accounting classification of a General Ledger Account. One of Asset, Liability, Equity, Revenue or Expense

Dimension

Structured data that can be attached to a Company Ledger Posting, used for Financial Analysis

Supporting Ledger

A record of the financial transactions that stand behind a particular General Ledger Account balance

Subledger

An Accounts Receivable or Accounts Payable Supporting Ledger

Control Account

A Control Account is a pointer to a General Ledger Account that represents a Subledger Total.

Tax Account

A pointer to a General Ledger Account that represents a taxation balance

Bank / Cash Account

A Voyzu specific term. A pointer to a General Ledger Account that represents a company Bank Account or Cash Account

Tax Movement Code

Tax Movement Codes classify tax-related postings so the system can track and report changes in a company’s tax position.

Financial Document

A document representing a financial event, for example a company invoice, a supplier bill and so on. Technically Financial Documents are supplied to Voyzu as JSON objects

Financial Document Type

The system classification of the Financial Document, for example AR_INVOICE, AP_BILL etc. See Financial Document Types for the supported definitions.

Financial Document Posting Engine

The logic that validates the Financial Document supplied to the system, posts to the Company Ledger and the relevant supporting ledgers. There is a one to one relationship between Financial Document Types and Financial Document Posting Engines - the AR_INVOICE Document Type is posted by the AR_INVOICE Posting Engine etc. Sometimes referred to simply as "Posting Engine".

Financial Document Default

A stable alias to a General Ledger Account, used by a Posting Engine.