Terminology

As you progress along your Wise Owl journey, you may encounter new terms and words that may be different to what you expect.

This guide will assist you in understanding these terms.

General Terminology

Disbursements - Outlays

Finance

Blank Invoice - An invoice that is manually created with no system entries (e.g. Time entered, Disbursements entered) added on to it. Alsed used for Adjustment Notes
Adjustment Note - A blank invoice with negative amount. Also known as Credit Note. These are used to reduce the amount owing against an invoice.
Application of Adjustment Note - The process of applying an adjustment note to an invoice. This step is done within the Receipting screen and without it, the Adjustment Note will not match up to the Invoice

Documents

Hidden Attachments - Attachments that are in an email text but have been converted during the email process. This could be things like a Facebook logo or signature text.
Inline Attachments - Attachments that are pasted into an email and do not display as normal attachments

Trust

Received On Date - when the funds were actually received by the law firm. e.g. when cash/cheque put into the hands of the staff or the date a transfer appears on the bank statement. 
Receipt Date - Date the receipt is written. For Queensland Trust Accounts, this date cannot be backdated due to legislation.