Glossary

Glossary

Look up an unfamiliar invoice or payment term. Find a plain-language explanation and related help for using it in your billing.

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What Is an Invoice

An invoice is a request for payment that documents what was delivered, how much is owed, and when payment is due.

Best for: Readers looking for a clear, beginner-friendly billing definition.

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What Is Accounts Receivable

Accounts receivable is the money owed to a business for completed work and the process used to collect it effectively.

Best for: Readers researching billing and finance terminology without jargon.

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What Is Billing Automation

Billing automation is the use of systems to reduce manual work across invoice timing, reminders, recurring sends, and payment follow-up.

Best for: People comparing billing automation tools or researching the category.

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What Is Invoice Scheduling

Invoice scheduling means deciding when an invoice should be sent independently from when it was drafted or approved.

Best for: Readers researching specific billing workflow terminology.

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What Is Invoice Aging

Invoice aging is the categorization of unpaid invoices by how long they have been outstanding after the send or due date.

Best for: Readers learning how teams track overdue invoices and collection risk.

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What Are Payment Terms

Payment terms are the rules that define when and how a client is expected to pay after receiving an invoice.

Best for: Anyone learning invoicing basics or improving billing communication.

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What Is an Invoice Reminder

An invoice reminder is a follow-up message that prompts a client to pay an invoice before or after the due date. Good reminders are tied to payment terms and sent consistently.

Best for: Readers learning billing terminology or building a better follow-up process.

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What Is Invoice Data Privacy

Invoice data privacy is the practice of protecting the client, project, payment, and delivery information contained in invoices and billing records.

Best for: Readers learning billing privacy terminology before improving their invoicing process.

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