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LayerNext Glossary

A comprehensive guide to understanding key terms and concepts used in LayerNext.

A

Accounts Payable
Accrual Accounting
Accounts Payable Audit
Accounts Payable Automation
Accounts Payable Turnover Ratio

B

Bank Reconciliation
Burn Rate
Batch Payment Processing

C

Cash Flow

D

Deferred Revenue
Days Payable Outstanding
Depreciation
Duplicate Invoice

E

EBITDA
Electronic Invoicing
ERP Integration
Expense Management

F

Financial Statement

G

General Ledger
Gross Margin

I

Income
Invoice Capture
Invoice Approval
Invoice Processing

N

Non-PO Invoice

P

Procure-to-Pay
Purchase Order
Payment Automation
Purchase Requisition vs. Purchase Order

R

Recurring Expense

S

Spend Management
Supplier Onboarding
Supplier Statement Reconciliation

T

Three-Way Matching
Tail Spend Management

V

Vendor Invoice Management