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Glossary›Cashflow›Service
CashflowMaster Data

Service

Definition

An intangible offering billed to a client based on time, effort, or specific deliverables rather than physical goods. In a finance system, services are defined in the item master with billing rates and tax codes, enabling them to be included on quotations, sales orders, and invoices alongside physical products.

Related Terms

CashflowItem / SKU→PSATime & Materials (T&M)→CashflowInvoice→
← All glossary terms

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More from Cashflow

  • Client / Customer
  • Vendor / Supplier
  • Lead / Prospect
  • Item / SKU
  • UOM (Unit of Measure)
  • Master Data
  • Proposals
  • Quotation
  • Received PO
  • Invoice
  • Receivable (AR)
  • Credit Memo

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