Resources Archives

Glossary J

Journal Entry

Learn what a journal entry is, how it works in accounting, and why automated entries are essential for GAAP compliance and audit-ready SaaS financial reporting.

OrdwayOctober 29, 2025

G Glossary

General Ledger (GL)

Learn what a general ledger (GL) is, how it works in SaaS finance, and why it’s the foundation for accurate financial reporting and audit readiness.

OrdwayOctober 27, 2025

Real Estate

OneDay Automates Complex Parent Child Billing

Automation of complex parent-child billing, multi-jurisdiction sales tax calculations, revenue recognition under ASC 606 for OneDay, a SaaS platform for personalized videos.

OrdwayOctober 17, 2025

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C Glossary

Churn Rate

Learn what churn rate means in subscriptions and SaaS. Understand types of churn, how to calculate it, and benchmarks for customer and revenue retention. Improve churn with data-driven strategies.

OrdwaySeptember 12, 2025

A Glossary

Accounts Receivable

Learn how accounts receivable works in SaaS. Discover its impact on cash flow, DSO, revenue audits, and billing-to-cash sync.

OrdwaySeptember 10, 2025

D Glossary

What It Means (Simple Explanation) Deferred Billing refers to the practice of delaying invoicing or payment for goods or services even after they have been delivered or accessed. It’s often used in scenarios like annual…

OrdwayAugust 29, 2025

Glossary N

What Is New ARR?

What It Means (Simple Explanation) New ARR (New Annual Recurring Revenue) refers to the annual recurring revenue generated exclusively from newly acquired customers during a specific period. It excludes changes to existing customer accounts, including…

OrdwayAugust 28, 2025

Glossary P

What Is Proration?

What It Means (Simple Explanation) Proration (also known as prorated billing) is the practice of adjusting the charges a customer owes when there is a change to their contract during a billing cycle. Examples of…

OrdwayAugust 28, 2025

A Glossary

What’s an ACH Payment?

In Simple Terms ACH stands for Automated Clearing House. It’s a way to move money straight from one bank account to another. ACH is a term primarily used in the US banking system. It is…

OrdwayAugust 14, 2025

F Glossary

What Are Financial Statements?

The Short Version Financial statements are reports that show how your business is doing with money. They tell you what you earned, what you spent, what you own, what you owe, and if you're making…

OrdwayAugust 14, 2025

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