Systems That Link and Are Used by Multiple Enterprises-Such as a Business

question 12

Short Answer

Systems that link and are used by multiple enterprises-such as a business and its suppliers and other business partners-are often called ____________________ systems.

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Definitions:

Bank Reconciliation

The act of reconciling the amounts in a company's bookkeeping records of a cash account with the related details found on a bank statement.

EFT Transfer

An electronic transfer of funds from one bank account to another, either within a single financial institution or across multiple institutions.

Bank Service Charge

Fees charged by a bank to its customers for account-related services.

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a given period.