Industry Terms

Parent Product means a configurable product which could have multiple sizes, colours, shapes etc.

Payment Gateway is a merchant service to authorize direct online payments.

Payment Processor is a company appointed by a merchant to manage credit card transactions.

Definition The periodic inventory system, as the name suggests records inventory balance on hand periodically, specifically, at the beginning and end of a set accounting period. Under the periodic inventory, all purchases made between inventory counts are placed under the purchases account. When the next physical inventory is done, the balance of the purchases account […]

PHP is a back-end programming language to create powerful web frameworks.

Point of Sale (POS) system offer functions like inventory management, CRM, financials, warhousing instead of cash register and credit/debit card readers.

Pricing Rules are the outlines when and how much prices should change.

Product Page is a place which explains the description of a product along with its photographs.

Promotions are special deals to attract customers to buy your products.