Appendix B - Glossary
Definitions of terms used throughout the Akili Soft ERP system.
Appendix B: Glossary
| Term | Definition |
|---|---|
| Allocation | Assignment of budget funds to a specific area |
| Commitment | Reserved budget for pending expenses |
| Cost Center | Organizational unit for tracking costs |
| Fiscal Period | Accounting time period (usually a year) |
| GL (General Ledger) | Primary accounting record |
| PO | Purchase Order |
| Reconciliation | Matching records between systems |
| Stakeholder | External party (customer, supplier, partner) |