Statement
A formal written summary of outstanding invoices.

Invoice
A written record of a transaction, often submitted to a customer or client when requesting payment.

Accounts Receivable
Amounts owed to a business that the business expects to receive.

Blue Book
This is the term commonly used to describe the Government Finance Officers Association publication Governmental Accounting, Auditing and Financial Reporting. Initially, the blue book was the authoritative source for GAAP for state and local governments.

Receipt
A written record of a transaction.

Adult Protective Services (APS
Adult Protective Services includes the 24-hour, 365 days a year access to assistance and/or referral with reports of physical, sexual or emotional abuse, neglect by caretaker, self-neglect, exploitation and abandonment.

Account
A collection of financial information grouped according to customer or purpose.

Accounts Payable
Amounts that a business owes

Compliance Audits
Compliance audits are internal or external audits performed to evaluate whether systems or processes are designed and operating effectively to ensure compliance with pertinent laws, rules, regulations, and internal policies and procedures

Double-Entry Accounting
A system of accounting that records each business transaction twice.