Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Office Management
Unit 4: Financial Information
| Term | Definition |
|---|---|
| Automated Teller Machine | An electronic machine from which cash deposits and withdrawals can be made. |
| Bank Reconciliation | Bringing into agreement a bank statement with a party's cash account records. |
| Bank Endorsment | An endorsement that consists only of the endorser's signature on the back of a check. |
| Cash | Refers both to actual cash (coins and bills), checks, money orders, and funds in checking accounts in a banking institution. |
| Cash Over | Relating to a petty cash system by which there is a cash discrepancy showing more money on hand than the related records indicate. |
| Cash Short | Relating to a petty cash system by which there is a cash discrepancy showing less cash on hand that the related records indicate |
| Check | A written order to a bank to make payment against the depositor's funds in that bank. |
| Checking Account | A bank account from which payments can be ordered by a depositor. |
| Commision | A fee paid to an employee, usually based on a percentage of the value of what the employee sells or processes. |
| Deduction | An item that reduces gross pay earned by an employee |
| Deposit | The placement of cash ( coins, bills, checks) into an account. |
| Depositor | The individual who places cash (coins,bills,checks) into an account. |
| Electronic Banking | use of a computer and a telecommunications network to transfer funds from one fund to another. |
| Electronic Funds Transfer (EFT) | The use of a computer and a telecommunications network to transfer funds from one party to another. |
| Employee Earnings Record | A business form used to a record details affecting payments made to an individual employee. |
| Endorsement In Full | An endorsement found on the back of a check indicating the new owner of a check; also known as a special; endorsement |
| Gross Pay | The salary paid to an employee before any deductions are withheld. |
| Hourly Wage | The amount of money an employee earns for each hour of work. |
| Net Pay | the total earnings paid to an employee after payroll taxes and other deductions are withheld. |
| Overtime pay | The amount of pay an employee receives as an incentive for working over the regular work day or work week. |
| Payroll | The total amount earned by all employees for a pay period. |
| Payroll Register | A business form used to record payroll information on all employees for a pay period. |
| Petty Cash Record | A form used in a petty cash system to record all disbursements and receipts. |
| Petty Cash Summary Report | A form used in a petty cash system used to summarize expenditures. |
| Petty Cash System | A system established by a business that keeps a small amount of cash on hand for making small payments. |
| Regular Pay | An amount paid to an employee for performing work excluding overtime pay and commission earned. |
| Replenish | Relating to a petty cash system by which the cash box amount is restored to it's original level of cash. |
| Restrictive Endorsement | An endorsement found on the back of a check restricting further transfer of a check's ownership |
| Salary | The money paid for employee services |
| Signature Card | A bank document prepared by an account holder that is a key to the bank account security that documents who may sign checks on particular bank accounts. |
| Special Endorsement | An endorsement indicating a new owner of a check; also known as an endorsement in full. |
| Time Card | A card that is requiired of employees to record their arrival and departure times for payroll uroposes |
Created by:
Abbyyy
Popular Management sets