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.
In the product
Where this term matters in operation.
The glossary is not meant to be academic. It explains the language teams use in Kotao while selling, planning, paying, reporting, and automating.
In sales
Terms like this appear inside POS, checkout, bookings, offers, and customer communication.
In back office
Finance, inventory, HR, and reporting need the same meaning so reports do not drift apart.
In integrations
APIs, imports, webhooks, and exports work better when teams use the same definitions.
Related terms.
Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.