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The acquisition and operation of hardware infrastructure cannot be outsourced.
Bad Debt Expense
A charge to the income statement that represents the amount of non-collectable accounts receivable that occurs in a given period.
Open Invoice
An invoice that has been issued by a seller to a buyer, but has not yet been paid.
Credit Card Payment
A transaction method allowing purchasers to buy goods or services using credit issued by a bank or financial institution.
Progress Billing
A billing method where payments are made to a contractor by a client at various stages of a project, based on progress.
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