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Glossary

Term Meaning
Adjustment A change to stock without a purchase or sale — breakage, loss, a recount.
Alert quantity The stock level at or below which a product counts as low.
Audit A stock count that records the difference (variance) between counted and recorded stock.
Backorder Goods ordered from a supplier but not yet received.
Branch A shop location that sells.
Combo A product made of other products, sold under one SKU.
Contact A customer, a supplier, or both.
Credit note The ETA document for a return of an e-invoiced sale.
Draft A sale saved to finish later; it takes no stock or money.
e-Invoice / e-Receipt The ETA documents for a sale to a business (with a tax number) / to anyone else.
Exclusive / Inclusive Whether a price is before tax (tax added on top) or already contains the tax.
Landed cost A product's cost including its share of shipping and other purchase charges.
Ledger A running statement of amounts charged and paid — for a contact, or for an account.
Location A branch or a warehouse.
Opening stock The quantity of a product you held when you started using ekPOS for it.
Price list Agreed prices for particular customers or groups.
Proforma A proforma invoice; it reserves stock but takes no money.
Quotation A price quote saved as a sale; it takes no stock or money.
Reference A document's number, such as INV-00001 or PO-00003.
Register A cashier's POS session, from opening to closing the drawer.
Role A named set of permissions given to users.
Serial number The unique number of one unit of a product, recorded when it is sold.
SKU Stock Keeping Unit — your own code for a product or variant.
Transfer Moving stock from one location to another.
Variable product A product sold in variants, such as colours or sizes.
Variant One version of a variable product, with its own SKU, price and stock.
Warehouse A store-room location, which can be divided into zones.
Zone A part of a warehouse, such as an aisle.

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