Terminology

Silverfin uses a lot of different terms in ways that are different from how we are used to, or sometimes are slightly confusing or inconsistent within Silverfin itself. We have tried to use a consistent sets of terms within both Silverfin  and our help pages comprising:

Workflows - these are the groups of reconciliations that comprise the main elements of accounts production being Planning, Preparation (also known as working papers), Accounts (title changes depending upon the type of accounts being produced such as FRS102/FRS 102 1A) and Completion.  

Reconciliation - This is the most widely used term within Silverfin as it applies to nearly all of the schedules, forms and templates with which you can interact. We have tried to codify this where possible into:

Planning, Completion or Accounts reconciliations - these refer to the individual schedules or working papers that need to be completed within these workflows.

Nominal ledger reconciliations - These are the Silverfin working paper equivalent of lead or detailed schedules that we have been used to within Excel but all relate to a specific nominal ledger code, are preceeded by that nominal ledger code.. 

Summary reconciliations - These are the general schedules/working papers that need to be completed within the Preparation workflow. They tend to be either introduction workings or summary of a category of assets/liabilities and do not start with a nominal code number.

Documents - refers to both the Menu option where you can store items within Silverfin (that can then be accessed elsewhere in Silverfin vie the paperclip symbol) and the contents of the store, being both templates for items such as Letter or Representation as well as other correspondence, invoices copies, etc. Slightly confusingly, to insert a new document from a template you need to chose New Text from the Actions menu (these templates are known as Permanent Text in the Templates menu).

Reports - these are also documents but are focused around the manipulation and presentation of figures, whilst Reports are mainly focused on the storage or text based documents. Trial Balance report is accessed from this menu.

Exports - this menu is used to generate compilations of all reconciliations, Reports and Documents, with the compilations (both pre defined and user generated) being known as Export Bundles.

Adjustments - this is the Silverfin term for journals, although both are sometimes used. 

Sync - a direct (and possibly live) link between the data in Silverfin and the clients bookkeeping software.