Glossary

Term	Meaning in this academy
Tenant	Top-level data/access boundary for a subscribed organization context
Organization	Organizational scope grouping company activity
Company	Business entity/context whose records and books are being operated
Branch	Operating location or subdivision associated with business activity
Master record	Reusable definition such as an item, partner, warehouse, or ledger
Business partner	Customer, supplier, or other trading-party record
Ledger	Account receiving posted accounting lines
Voucher / journal	Accounting transaction with debit and credit lines
Posting	Recording an authorized transaction's accounting effect
Draft	Saved or prepared record that is not necessarily finalized or posted
Approval	Decision permitting the next controlled workflow step
Period	Defined accounting date range with an operating status
Base currency	Currency in which a company's books are expressed
Exchange rate	Conversion relationship used for a foreign-currency amount
Allocation	Applying a settlement against selected open items
Receivable	Amount due from a customer or other debtor
Payable	Amount owed to a supplier or other creditor
UOM	Unit of measure
Conversion factor	Multiplier relating one unit to another
On hand	Quantity recorded as held
Reserved / committed	Quantity committed to demand
Available	On hand less reserved in the reviewed item-stock calculation
On order	Expected supply, not stock already received
Lot / batch	Group of stock sharing identifying/receipt attributes
Serial number	Identifier for an individual tracked unit
MRP	Printed pack-price reference interpreted as inclusive in reviewed pricing
Standard price	Item selling-price reference, subject to the configured pricing path
Standard cost	Item cost reference, distinct from every actual receipt or warehouse value
FIFO	First-in, first-out valuation/issue concept where the selected path implements it
FEFO	First-expiring, first-out ordering concept
BOM	Bill of materials: component requirements for a defined output
Kit	Component-based selling definition in the reviewed item model
WBS	Work breakdown structure for organizing project work and attribution
COD	Cash on delivery
Register session	A POS shift whose activity is reconciled at close
Opening float	Cash already in the drawer at the start of a shift
Idempotency	A supported operation's ability to recognize a repeated request without duplicating its effect
Scope	The permitted data/operation context of a user or integration
Audit trail	Recorded evidence of who changed or performed something and its context

Some terms describe a concept rather than a guarantee that every OSERP path implements every variation. Consult the relevant workflow and verification status.