Glossary of Key Terms

Term

Definition

Client

The entity (company, trust, or individual) a job is prepared for.

Job

A specific piece of work for a client, typically one financial year's Annual Accounts.

TB (Trial Balance)

A client's full list of account balances at a point in time, before mapping or adjustment.

GL (General Ledger)

The detailed transaction-level record behind the trial balance.

CoA (Chart of Accounts)

The structured list of account codes and names a client's bookkeeping uses.

Workpaper

The working file behind one line, or group of lines, on the financial statements.

Reconciled

Balance per Workpaper matches Balance per GL, with any variance explained.

Smart Coding

Zato's automated coding of bank transactions against a client's GL.

GL Scrutiny

An automated review of the general ledger that flags items for reviewer attention.

Query

A question raised on a job, tracked from internal through to client-facing where applicable.

Review Point / Brief Point

Reviewer feedback on a job; a Brief Point before the first automation run, a Review Point afterward.

Manual Journal (MJ)

A debit/credit adjustment posted directly, not arising from the TB or a workpaper.

Command Center

Where every query and review point on a job is raised and tracked.

Ziffy

Zato's built-in AI assistant, available on every screen.

Materiality

The dollar threshold above which a discrepancy is investigated.

RBAC

Role Based Access Control, the six-level permission system controlling what each user can see and do.