Check marked 'Cash,' 'The bearer' or other words to the effect, but without the name of the entity to whom it is to be paid (its payee). Such checks (and drafts) are payable to anyone who presents them, usually over the counter of the paying bank. Also called bearer draft.
For accounting purposes, the gathering and organizing of incoming invoices prior to their processing.
The quantity of products produced in one process setting.
The evaluation of how many products should be produced for an inventory analysis.
A report which gives performance information for selected criteria over a specific date range. For example, a batch report could be run to show all credit card transactions for the current day. Batch reports are commonly associated with accounting software.
The identification and assignment of costs related to producing a set amount of goods. This includes all fixed and variable costs for producing the batch. The unit cost of a batch of goods can be calculated by dividing the batch cost by the number of units produced.
In asset liability management, risk that changes in interest rates will reprice interest-incurring liabilities differently from repricing the interest-earning assets, thus causing an asset-liability mismatch.
