GLOSSARY
GoBD (German bookkeeping and retention rules)
German rules for proper digital bookkeeping, retention, traceability, and exportable accounting records.
GoBD is the German framework for proper digital bookkeeping and record retention. It defines how business records must be captured, stored, changed, exported, and made auditable. For restaurants, hotels, retail, and ecommerce, GoBD affects cash register data, invoices, refunds, journals, and accounting exports.
A good POS, ecommerce, or accounting workflow keeps records complete and traceable by default. Operators should not have to rebuild audit trails manually from receipts, terminal reports, and spreadsheets.
Related
Related terms.
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Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
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Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
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Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.