The FinFloh Blog

Glossary

19 Dec 2024

What is Key Rate Duration?

Key Rate Duration Definition : Key rate duration is a term used in fixed-income investing to measure a bond’s sensitivity to changes in interest rates at specific maturities along the yield curve. Unlike traditional duration, which measures the overall sensitivity of a bond’s price to changes in interest rates across all maturities, key rate duration […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

19 Dec 2024

What is Invoice Discrepancy?

Invoice Discrepancy Definition : An invoice discrepancy refers to any mismatch or inconsistency between the details listed on an invoice and the expected payment terms, such as the amount owed, payment due date, or the services/products provided. These discrepancies can arise from a variety of sources, including errors in the invoicing process, misunderstandings between the […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

19 Dec 2024

What is Goods Receipt Note (GRN)?

Goods Receipt Note (GRN) Definition : A Goods Receipt Note (GRN) is a crucial document in the procurement and inventory management process, used to confirm the receipt of goods or materials from a supplier. It serves as an official acknowledgment that the ordered items have been delivered in the correct quantity and condition. The GRN […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

19 Dec 2024

What Are Financial Bubbles?

Financial Bubble Definition : A financial bubble refers to a market phenomenon where the price of an asset or a group of assets inflates rapidly to levels far beyond their intrinsic value, often fueled by excessive speculation, market exuberance, and herd behavior. These inflated prices are typically unsustainable and eventually lead to a dramatic price […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

19 Dec 2024

What Are Earned Discounts?

Earned Discounts Definition : Earned discounts refer to financial incentives granted by a seller to a buyer as a reward for fulfilling specific conditions tied to payment or performance. These discounts typically arise in business-to-business (B2B) transactions and are designed to encourage early payments, bulk purchases, or consistent adherence to agreed-upon terms. By meeting these […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

18 Dec 2024

How to Master Days Sales Outstanding (DSO)?

Master Days Sales Outstanding Definition : Days Sales Outstanding (DSO) is a crucial financial metric used to measure the average number of days it takes for a company to collect payment after a sale has been made. In essence, DSO reflects the efficiency of a company’s accounts receivable process and provides insight into how quickly […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

18 Dec 2024

What is Cash Accounting?

Cash Accounting Definition : Cash accounting is a method of accounting where transactions are recorded only when cash is received or paid. Unlike accrual accounting, which records transactions when they are incurred regardless of when the cash is exchanged, cash accounting focuses solely on the flow of cash in and out of a business. This […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

18 Dec 2024

What is Bad Debt and How Does it Impact Your Finances?

Bad Debt Definition : Bad debt refers to amounts owed by customers or borrowers that are unlikely to be collected by the lender or creditor. In accounting and finance, bad debt is typically recorded when it becomes clear that a borrower, whether an individual or a business, will not be able to repay a loan […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

18 Dec 2024

What is an Accounting Ledger?

Accounting Ledger Definition : An accounting ledger is a fundamental record-keeping tool used in accounting to track and organize a business’s financial transactions. It serves as the primary source of data for creating financial statements, ensuring that every transaction is documented accurately and systematically. In simple terms, an accounting ledger is a collection of all […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

18 Dec 2024

Who is a VP of Finance?

VP of Finance Definition : The VP of Finance (Vice President of Finance) is a senior leadership role within a company’s finance department, responsible for overseeing the financial operations, strategy, and performance of the organization. This role requires a deep understanding of financial management, strategic planning, and the ability to lead teams in ensuring the […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

18 Dec 2024

What is Unearned Revenue?

Unearned Revenue Definition : Unearned revenue, also known as deferred revenue or prepayment, refers to money a business receives for goods or services that have yet to be delivered or performed. It is a liability on the balance sheet, as the business owes the customer the promised product or service. Once the business fulfills its […]

Subhasis Sahoo (Founding Member - Marketing)

Glossary

18 Dec 2024

What is Tax Abatement?

Tax Abatement Definition : Tax abatement is a governmental incentive program that offers temporary or permanent reductions in property taxes to encourage specific actions by homeowners, businesses, or developers. This reduction is often granted to stimulate economic development, support urban renewal, or reward environmentally sustainable practices. By alleviating tax burdens, tax abatements can lead to […]

Subhasis Sahoo (Founding Member - Marketing)