Fiducia TogetherAttribution
Deciding which marketing gets the credit for a sale. Genuinely hard, and everybody's tool claims the win.
Business A to Z
Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.
500 terms, showing 21–30 (page 3 of 50).
A
Audit
An independent examination of the accounts. Most small companies do not need one.
Auto-enrolment
Also called Workplace pension, Pension auto enrolment
The legal duty to enrol eligible staff into a pension and contribute to it. Automatic, and it starts with the first employee.
Automation
Getting software to do repetitive work. Cheaper than people, and it scales the process you already have.
Average order value
What a typical order is worth. One of three levers on revenue.
B
Backup and recovery
Also called Backups, 3-2-1 rule, RPO, RTO
Copies of your data you could actually restore from. The second half of that sentence is where most businesses fail.
BACS, Faster Payments and CHAPS
The ways money moves between UK bank accounts, and when to use which.
Bad debt relief
Reclaiming VAT you paid over on an invoice the customer never paid.
Balance sheet
Also called Statement of financial position
A photograph of what the business owns and owes on one particular day.
Bank reconciliation
Matching your books against the bank statement, line by line.
Something missing?
If there is a word you have been nodding along to, tell us and we will write it up. This library exists because of the questions people were too polite to ask.
Ask us to add a term