Glossary
Business, accounting, and platform terms in plain English.
B
- Burn rate
- Burn rate is the average amount a business spends per month.
C
- Cash balance
- Cash balance is the total money held across all connected checking and savings accounts.
- Cash runway
- Cash runway is the number of months a business can keep operating at its current rate of spending before it runs out of money.
D
- Days to get paid
- Days to get paid is the average number of days between issuing an invoice and receiving payment. In accounting it is called days sales outstanding.
M
- Money owed to you
- Money owed to you is the total customers have been invoiced for but have not yet paid. In accounting it is called accounts receivable.
P
- Profit margin
- Profit margin is the percentage of revenue a business keeps after expenses.