Glossary

This page defines the core Bizak terms used across the guide. It uses simple language and stays close to the product pages.

Core terms

Term	Simple meaning
Customer	A person or business that buys from you
Vendor	A person or business that sells to you
Item	A good or service you sell, buy, or track
Unit	The measure for quantity, such as piece or box
Ledger	A financial account used for posting
Ledger group	A group used to organize ledgers
Role	The access rights assigned to a user
Relation	A business contact record such as customer, vendor, or partner
Opportunity	A tracked sales lead or potential deal
Estimate	A sales quote or proposal
Order	A confirmed sales or purchase document
Invoice	A bill issued to a customer or received from a vendor
Item receipt	A record that goods were received
Journal entry	A direct accounting posting
Opening balance	The starting amount for an account
Trial balance	A report that compares debit and credit totals
Inventory adjustment	A correction to stock on hand
Bank reconciliation	A check between Bizak and the bank statement
POS	Point of sale

Workflow terms

Term	Simple meaning
Reference	The source document linked to the record
Status	The current state of the record
Approval status	Whether the record is pending, approved, or blocked
Posting date	The date used for accounting or reporting
Currency	The money type used in the record
Exchange rate	The conversion rate used for another currency
Department	A company segment used for tracking
Location	A branch, store, or warehouse location
Project	A work item or business effort tied to the record
Memo	Short internal note

Common examples

• A customer places an order.
• The order becomes an invoice.
• The customer pays the invoice.
• The payment updates the outstanding balance.
• A vendor sends a bill.
• The bill is paid and later shown in the bank and ledger reports.