Words explained

Plain-language meanings of the words used in Quid POS and in this help.

Word	What it means
Account (customer)	An arrangement that lets a customer buy now and pay later. See Sell on credit (customer accounts).
Account ID	The number that identifies your business in Quid. Staff type it when logging in.
Add-on	An extra you can add to your plan, such as another register.
Adjustment	A small correction, to a payment or to a customer's balance, with a note saying why.
Average cost	What one unit of an item has cost you on average across your deliveries. See Cost, price and profit: how Quid works them out.
Balance	The amount a customer currently owes you.
Barcode	The striped label on a product, and the number under it.
Bill	A supplier's invoice for goods delivered to you. Entering it adds the goods to your stock.
Browser	The program you use to visit websites: Chrome, Edge, Firefox, Safari.
Category	A group of items inside a Type. See Organise your items into groups (Types and Categories).
Checkout	The step where you take the customer's payment.
Cost	What you pay to buy one of an item.
Credit limit	The most you allow a customer to owe you.
Credit note	An amount you take off what a customer owes, for example for returned goods.
Deposit	A first part payment that holds goods or a booking for a customer.
Display Name	The short name of an item shown on the register button and the receipt.
Float	The cash you put in the drawer at the start of the day to give change.
Inventory	Your list of items for sale and how many of each you have. Also called stock.
Invoice	A document asking a customer to pay for goods, or showing that they did.
Item	One thing you sell: a product or a service.
Merchant Services	Quid's name for any payment you take outside Quid, such as on a card machine.
Modifier	A choice or extra on an item, such as a size. See Choices and extras on an item (modifiers).
Native currency	Your own money: the currency of your prices and reports.
On account	Paid later. The amount is added to the customer's balance.
Order	A sale the customer has agreed to but not yet collected or paid for.
Par	The stock level at which you want to reorder an item.
PDF	A document file that looks the same on every device and prints neatly.
Permission	One thing a staff member is allowed to do.
PIN	A four-digit code for quick access.
Plan	What you pay for Quid, and what it includes.
Premium	A percentage added when a customer pays in foreign currency or by card.
Price level	One of up to five prices on an item, such as "Counter" or "Trade".
Profit	The selling price minus the cost.
Purchase order	Your written order to a supplier.
Quote	A written price offer to a customer. Nothing is sold yet.
Receipt	A slip showing what the customer bought and paid.
Referrer	Someone who sends customers to you and earns a commission.
Register	The selling screen. Also one till or checkout point.
Retail item	A physical product.
Role	A named set of permissions, such as "Cashier".
Service item	Work you do, rather than a product: delivery, installation, an appointment.
SKU	"Stock keeping unit": the item's ID number in your business.
Statement	A list of what one customer bought on account and paid, with the amount still owed.
Stocked	Marked as something you count. Quid tracks the quantity of stocked items.
Stock take	Counting what is really on your shelves. Quid calls it a Physical Inventory.
Subtotal	The total before tax.
Supplier	A business you buy stock from.
Taxable	An item that has sales tax added to it.
Team member	A staff member with their own login.
Ticket	One customer's sale while it is being rung up.
Till count	Counting the cash in the drawer.
Transaction	A finished sale.
Type	The largest group of items, like a department.
Void	To cancel a sale after it was completed.

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