Payback period
How long until an investment has paid for itself.
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 321–330 (page 33 of 50).
P
PAYE
Also called Pay As You Earn, Payroll
The system for deducting income tax and National Insurance from wages before they are paid.
Payment processing
Taking card payments: the players, the fees and the rules.
Due date and payment terms
Also called Net 30, Payment terms, Credit terms
When you have agreed to be paid. Negotiable far more often than most small businesses attempt.
Payments on account
Advance instalments towards next year's Self Assessment bill, based on this year's. The reason a first tax bill is bigger than expected.
Payments on account for companies
Larger companies pay corporation tax quarterly rather than nine months after the year end.
Payroll
Paying people correctly and reporting it in real time. Deadlines are monthly and automatic.
Performance management
Managing how well someone does the job, and the process if it is not good enough.
Personal budgets and direct payments in care
Local authority money paid to a person to arrange their own care.
Personal credit and business borrowing
Why lenders look at the director personally, and what that means.
Ready when you are
Have a look round the demo, start a free trial with your own service in it, or ask us the awkward question first. Whichever you pick, the people who answer are the people who built it.
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Your own organisation, every area switched on, no card and nothing to install. Add your team, your people and your records. If it is not for you, it just stops.
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The real suite with a fictional service already inside it. A throwaway login, no form, and everything you touch is wiped when you leave.
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Tell us who you support and what is going wrong at the moment. We will say honestly whether we solve it, and if we do not, who does.