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glossary of business terms


A

Account Receivable
In bookkeeping, the account showing any funds due to the store, usually from customer charge accounts.

Accounts Payable
In bookkeeping, the account showing the amounts owed to others, usually for goods and services.

Accrual
In accounting, tracking expenses in advance of the date they are due, as opposed to cash accounting.

Actual Cost
On invoices, the billed cost less any discounts.

Ad Allowance
Reimbursement, in the form of cash or merchandise credit, for a portion of the cost of advertising a vendor's product.

Ad Slicks
Advertisements and illustrations for ads provided to retailers by the vendor, usually on glossy paper and camera ready.

Add-on Sale
Suggested additional items to go with the ones being purchased.

Adjacencies
Placing related merchandise near each other on the sales floor to encourage impulse purchases.

Advance Order
A purchase order placed far in advance of the ship date. Since these orders help vendors forecast their needs, early-buying discounts and other incentives are sometimes offered.

Anchor
A department or discount store large enough to draw a significant number of customers to a shopping center.

As Ready
A term on a purchase order that indicates the merchandise should be shipped when available.

Assets
In accounting, any goods and money owned by an individual or company.