2012 Financial Tools: Glossary
In This Guide
2012 Financial Tools: Glossary
CSV: Stands for comma-separated values, a format commonly used to import and export data.
ERP: Stands for enterprise resource planning, used to describe an integrated system of software modules with a consistent user interface and a shared database supporting all functions.
OCR: Stands for optical character recognition, a process for converting the information contained in scanned images or digital photos into text or numbers.
QIF: Stands for Quicken Interchange Format, a file format for importing or exporting financial data between one of Intuit’s Quicken or QuickBooks products and compatible programs.
Scalable: In financial management software, a scalable solution is one that can be expanded to handle additional users or functions as the business grows.
Single-entry/double-entry accounting: In financial management, single-entry refers to a simplified accounting method, as in a checkbook register, in which transactions are recorded as either income or expense. In a double-entry system, transactions are recorded as both debits and credits, impacting at least two accounts.
Single-entry system: With software and services, this refers to a system that takes the information you enter and makes it available in all components of the system.
About the Authors
Michael Antoniak is a journalist and technology expert with a focus on real estate applications. He also writes about real estate technology at his blog, RealTechTools, and has published an e-book on Essential Technology for Mobile Professionals. He can be contacted at antoniak@dtccom.net.
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