# Understand words used in QixCount

Look up the accounting and workspace terms used in these guides.

Canonical: https://demo.qixcount.com/help/getting-started/glossary

These definitions explain how the terms are used in QixCount. They help you read screens and guides; they do not determine the accounting treatment for a particular transaction.

## Workspace and documents

| Term | Meaning |
| --- | --- |
| Business or workspace | The business or organization's books you enter after signing in. Your account can belong to more than one. |
| Edition | General or Nonprofit, chosen for a business. |
| Owner | A business member with full business access and owner controls. |
| Customer | A contact you bill with an invoice. |
| Vendor | A contact associated with bills for purchases. |
| Invoice | A document recording amounts billed to a customer. |
| Bill | A document recording amounts owed to a vendor. |
| Balance due | The amount still outstanding on an invoice or bill after the recorded adjustments and allocations. |
| Accounts receivable (A/R) | Amounts customers owe. The General dashboard summarizes outstanding invoice balances. |
| Accounts payable (A/P) | Amounts owed to vendors. The General dashboard summarizes outstanding bill balances. |
| Aging | Outstanding balances grouped by how their due dates compare with the report date. |

## Books and posting

| Term | Meaning |
| --- | --- |
| Account | A named category with a code and a type: asset, liability, equity, revenue or expense. |
| Chart of accounts | The list of accounts used to categorize the business's financial entries. |
| Journal entry | A dated accounting record containing debit and credit lines. |
| Debit and credit | The two sides of a journal entry. Their totals must balance for posting. |
| Draft | A saved entry that has not posted. Draft journal lines are excluded from account balances. |
| Posted | Recorded in the accounting balances through the entry's journal lines. |
| Reversal | A separate posted entry that swaps an original entry's debits and credits. |
| Fiscal year | The reporting year beginning on the business's configured fiscal start date. |
| Fiscal period | A dated period whose open, closed or locked state controls posting. |
| Net income | Revenue less expenses for a selected period. |

## Nonprofit coding

| Term | Meaning |
| --- | --- |
| Fund | A code and name for tracking resources by purpose. |
| Program | A code and name used to track a program in financial coding. |
| Net asset class | Coding with donor restrictions or without donor restrictions. This is separate from the fund. |
| Functional category | Expense coding for program services, management and general, or fundraising. |
| Account mapping | An approved account choice for a Nonprofit accounting purpose, with default functions for expense accounts. |

Continue with [Accounting basics for owners](https://demo.qixcount.com/help/getting-started/accounting-basics-for-owners) or [Your first week with Nonprofit](https://demo.qixcount.com/help/getting-started/your-first-week-nonprofit).