> ## Documentation Index > Fetch the complete documentation index at: https://every.help/llms.txt > Use this file to discover all available pages before exploring further. > ## Agent Instructions > These docs describe Every as customers have it today. Answer from them, and say so when they don't cover a question. > Pages under /admins/ are for the people who run Every for the company, and pages under /employees/ are for employees. Answer from the pages that match the person asking. > Each page's Agent reference section lists its exact roles, conditions and limits. Prefer it for those details. > When a page says a feature is in closed beta, or that Every turns it on company by company, don't promise that the person's company has it. > Use roles and on-screen labels exactly as the pages write them. > When someone asks what a term means, answer with the Glossary page's definition (/glossary), which other pages show in parentheses after the term. > When the docs don't answer a question, tell the person to email [support@every.io](mailto:support@every.io). # Glossary > Look up the finance, tax, payroll, HR, company and security terms you meet in Every, each defined in one sentence ![A glossary tooltip for the term ACH, with its definition open.](https://mintcdn.com/every-a2724ddc/6k1svT9aHzVFwBZW/images/illustrations/glossary-light.png?fit=max\&auto=format\&n=6k1svT9aHzVFwBZW\&q=85\&s=66329d4cb1ce45c49be2a28f20b02eb6) Each entry defines a finance, tax, payroll, HR, company or security term you meet in Every or on these pages, in one sentence. ## Access and security ### API key A secret code an app sends with each request to prove it can use an API See: [API](https://every.help/admins/settings/api.md) ### MCP Model Context Protocol: an open standard for connecting AI apps to outside tools and data See: [MCP](https://every.help/admins/ai/mcp/overview.md), [MCP for employees](https://every.help/employees/mcp.md) ### MFA Multi-factor authentication: signing in with a second proof of who you are, such as a code, besides your password Also called: two-factor authentication, 2FA, multi-factor authentication ### OAuth An open standard that lets one app use your account in another with your consent, without your password ### Passkey A sign-in credential stored on your device and unlocked with your fingerprint, face or PIN instead of a password ### Personal access token A secret code tied to your account that lets an app act on your behalf without your password Also called: personal token, personal MCP token, MCP token See: [MCP](https://every.help/admins/ai/mcp/overview.md) ## Banking and payments ### ACH Automated Clearing House: the U.S. network that moves money between bank accounts in batches Also called: ACH transfer, ACH payment See: [Send money](https://every.help/admins/bill-pay/payment-methods.md) ### Autopay A setting that pays a bill or a card balance from an account you choose when it's due See: [Credit card](https://every.help/admins/banking/credit-card.md) ### Callback A phone call a bank makes to confirm a payment request is genuine before it sends the money Also called: callback verification ### Credit limit The most a lender lets you owe on a card or line of credit at one time See: [Credit card](https://every.help/admins/banking/credit-card.md) ### CVV Card verification value: the security code used to help verify a payment card during online or phone purchases See: [Company cards](https://every.help/admins/banking/cards.md) ### FDIC Federal Deposit Insurance Corporation: the U.S. government agency that insures deposits at member banks, up to a limit Also called: FDIC insurance ### Foreign exchange markup A charge built into the rate used to exchange one currency for another Also called: markup See: [Pay a vendor abroad](https://every.help/admins/bill-pay/international-payments.md) ### IBAN International Bank Account Number: the standard account number format many countries outside the U.S. use See: [Pay a vendor abroad](https://every.help/admins/bill-pay/international-payments.md) ### Maturity The date when a debt investment's term ends and its issuer must repay it Also called: mature, matured, maturing, maturity date See: [Treasury](https://every.help/admins/banking/treasury.md) ### MCC Merchant category code: the 4-digit number card networks use to classify what kind of business a merchant is Also called: merchant category code See: [Company cards](https://every.help/admins/banking/cards.md) ### Money market fund A fund that invests in short-term, low-risk debt, such as Treasury bills, and aims to keep a stable value Also called: money market See: [Treasury](https://every.help/admins/banking/treasury.md) ### Purpose code A code that tells banks the reason for a payment See: [Pay a vendor abroad](https://every.help/admins/bill-pay/international-payments.md) ### Remittance email An email address where a vendor receives notices about payments Also called: remittance email address See: [Upload bills](https://every.help/admins/bill-pay/creating-bills.md) ### Routing number The 9-digit number that identifies a U.S. bank in ACH payments, wires and checks Also called: ABA routing number, ABA number, ABA See: [Checking account](https://every.help/admins/banking/overview.md) ### Soft credit inquiry A check of your credit report that doesn't affect your credit score See: [Credit card](https://every.help/admins/banking/credit-card.md) ### Sort code The 6-digit number that identifies a bank and branch in the United Kingdom See: [Pay a vendor abroad](https://every.help/admins/bill-pay/international-payments.md) ### SWIFT code A code of 8 or 11 characters that identifies a bank in an international payment Also called: BIC, BIC/SWIFT code, SWIFT/BIC code, SWIFT / BIC See: [Pay a vendor abroad](https://every.help/admins/bill-pay/international-payments.md) ### Treasury bill A U.S. government security that matures in a year or less, sold below its face value and repaid in full Also called: T-bill, U.S. Treasury bill See: [Treasury](https://every.help/admins/banking/treasury.md) ### Wire transfer A payment that moves money directly from one bank to another, one payment at a time Also called: wire, bank wire See: [Move money](https://every.help/admins/banking/payments.md), [Send money](https://every.help/admins/bill-pay/payment-methods.md) ### Yield The yearly return an investment pays, as a percentage of what you put in See: [Treasury](https://every.help/admins/banking/treasury.md) ## Accounting and tax ### 1099 A family of IRS forms that report income other than wages, such as payments to contractors Also called: Form 1099 See: [Request 1099s](https://every.help/admins/bill-pay/1099-filing.md), [Paystubs and tax forms](https://every.help/employees/paystubs-and-tax-forms.md) ### 1099-NEC The 1099 for nonemployee compensation, which reports what a business paid a contractor in a year See: [Request 1099s](https://every.help/admins/bill-pay/1099-filing.md) ### Accounting basis The method a business uses to decide when to record income and expenses See: [Accounting insights](https://every.help/admins/accounting/insights.md) ### Accrual basis An accounting method that records income when it's earned and expenses when they're incurred, not when cash moves Also called: accrual accounting See: [Accounting insights](https://every.help/admins/accounting/insights.md) ### Balance sheet A report of what a company owns, what it owes and its owners' equity on a given date See: [Financial reports](https://every.help/admins/reports/financial-reports.md) ### Burn rate How much more cash a company spends than it takes in each month Also called: burn, net burn See: [Accounting insights](https://every.help/admins/accounting/insights.md) ### Cash basis An accounting method that records income and expenses when cash comes in or goes out Also called: cash accounting See: [Accounting insights](https://every.help/admins/accounting/insights.md) ### Cash equivalents Short-term investments readily converted to known cash amounts, with little risk of changing value See: [Financial reports](https://every.help/admins/reports/financial-reports.md) ### Cash flow statement A report of the cash that came into and went out of a company over a period See: [Financial reports](https://every.help/admins/reports/financial-reports.md) ### EIN Employer Identification Number: the 9-digit number the IRS gives a business to identify it for taxes Also called: FEIN, Employer Identification Number, federal employer identification number See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Expense account A category in a company's books for recording costs such as rent, supplies or wages See: [Accounting settings](https://every.help/admins/settings/accounting.md) ### Expense coding Assigning expenses to the accounting categories used to record and report them See: [Expenses](https://every.help/admins/accounting/expenses.md) ### General ledger The complete record of a company's transactions, sorted into its accounts Also called: ledger ### Liability account A category in a company's books for tracking debts and other obligations See: [Accounting settings](https://every.help/admins/settings/accounting.md) ### Payroll journal A record of payroll transactions, including employee earnings, deductions, taxes and net pay See: [Accounting settings](https://every.help/admins/settings/accounting.md), [Payroll and people reports](https://every.help/admins/reports/payroll-reports.md) ### Profit and loss statement A report of a company's income, expenses and profit or loss over a period Also called: P\&L, income statement, profit and loss See: [Financial reports](https://every.help/admins/reports/financial-reports.md) ### QBO QuickBooks Online: the version of Intuit's accounting software that runs in a web browser Also called: QuickBooks Online See: [Accounting settings](https://every.help/admins/settings/accounting.md) ### QuickBooks class A label in QuickBooks for tracking income and expenses by department, location or another part of a business See: [Accounting settings](https://every.help/admins/settings/accounting.md) ### Reconciliation Checking a company's books against its bank and card statements to confirm they match Also called: reconcile, reconciled ### Runway How many months a company can keep operating at its current burn rate before its cash runs out See: [Accounting insights](https://every.help/admins/accounting/insights.md) ### Shareholders' equity The value left for a company's owners after subtracting its liabilities from its assets See: [Financial reports](https://every.help/admins/reports/financial-reports.md) ### SSN Social Security number: the 9-digit number the U.S. Social Security Administration gives a person Also called: Social Security number ### TIN Taxpayer Identification Number: the number the IRS identifies a taxpayer by, such as an SSN or an EIN Also called: Taxpayer Identification Number See: [Request 1099s](https://every.help/admins/bill-pay/1099-filing.md), [Vendors](https://every.help/admins/bill-pay/vendors.md) ### W-9 The IRS form a U.S. vendor or contractor fills in to give a business their name and TIN Also called: Form W-9 See: [Collect vendor details](https://every.help/admins/bill-pay/vendor-details.md) ## Payroll and HR ### Accrual rate How fast an employee earns paid time off, such as a set number of hours for each hour worked See: [Time off](https://every.help/admins/time/time-off.md) ### ASO Administrative services organization: a firm that runs HR and payroll tasks for a company without becoming a co-employer Also called: administrative services organization ### Courtesy withholding Income tax an employer withholds for an employee's home jurisdiction without being required to do so See: [Payroll taxes](https://every.help/admins/payroll/taxes.md#manage-local-courtesy-withholding) ### EOR Employer of record: a company that legally employs a worker for another company and runs their payroll and compliance Also called: employer of record See: [Add people](https://every.help/admins/hr/onboarding.md) ### Exempt employee An employee whose salary and duties mean U.S. law doesn't require overtime pay for them Also called: overtime exempt, exempt from overtime ### FICA Federal Insurance Contributions Act: the Social Security and Medicare taxes employers and employees each pay on wages ### Form 8655 Reporting Agent Authorization: the IRS form that lets a payroll provider file and pay a company's payroll taxes Also called: Reporting Agent Authorization See: [Add your employees](https://every.help/admins/getting-started/add-your-employees.md) ### Fringe benefit Compensation beyond regular wages, such as employer-provided insurance or personal use of a company car See: [Payroll settings](https://every.help/admins/payroll/settings.md) ### Garnishment Money withheld from an employee's pay by court or government order, such as for child support or unpaid taxes Also called: wage garnishment See: [Deductions](https://every.help/admins/payroll/deductions.md) ### Gross pay What an employee earns before taxes and deductions come out See: [Run payroll](https://every.help/admins/payroll/running-payroll.md) ### I-9 Employment Eligibility Verification: the U.S. form an employer completes to confirm that a new hire may work in the country Also called: Form I-9 See: [Add people](https://every.help/admins/hr/onboarding.md), [Paystubs and tax forms](https://every.help/employees/paystubs-and-tax-forms.md) ### Imputed income The taxable value of a noncash benefit added to an employee's taxable wages See: [Payroll settings](https://every.help/admins/payroll/settings.md) ### Net pay What an employee takes home after taxes and deductions Also called: take-home pay See: [Run payroll](https://every.help/admins/payroll/running-payroll.md) ### Off-cycle payroll A pay run outside the regular schedule, such as for a bonus, a correction or a final paycheck Also called: off-cycle, off-cycle run See: [Create an off-cycle or bonus pay run](https://every.help/admins/payroll/off-cycle-payroll.md) ### Pay period The dates an employee's pay covers, such as two weeks or a calendar month Also called: payroll cycle See: [All pay runs](https://every.help/admins/payroll/overview.md) ### PEO Professional employer organization: a firm that co-employs a company's staff to run their payroll, benefits and HR Also called: professional employer organization ### Post-tax deduction Money taken from an employee's pay after taxes have been calculated and withheld See: [Deductions](https://every.help/admins/payroll/deductions.md) ### Proration Adjusting pay in proportion to the part of a pay period an employee worked Also called: prorate, prorated See: [Run a termination payroll](https://every.help/admins/payroll/termination-payroll.md) ### PTO Paid time off: time away from work, such as vacation or sick days, that an employee is paid for Also called: paid time off See: [Time off](https://every.help/admins/time/time-off.md) ### W-2 The yearly IRS form that shows an employee's wages and the taxes withheld from them Also called: Form W-2 See: [Paystubs and tax forms](https://every.help/employees/paystubs-and-tax-forms.md) ### W-4 The IRS form an employee fills in to tell their employer how much federal income tax to withhold Also called: Form W-4 ### Withholding Tax an employer takes out of an employee's pay and sends to the government for them See: [Payroll taxes](https://every.help/admins/payroll/taxes.md) ## Benefits ### 401(k) A U.S. retirement savings plan an employer sponsors, which employees pay into from their paychecks before or after tax See: [Retirement](https://every.help/admins/benefits/retirement.md) ### Carrier The insurance company that provides a benefits plan and pays its claims See: [Health, Dental and Vision](https://every.help/admins/benefits/health-insurance.md) ### COBRA Consolidated Omnibus Budget Reconciliation Act: the U.S. law that lets people keep employer health coverage when they'd otherwise lose it ### FSA Flexible spending account: an account employees fund from pre-tax pay to spend on eligible health or dependent care costs Also called: flexible spending account See: [Financial benefits](https://every.help/admins/benefits/other-benefits.md) ### HRA Health reimbursement arrangement: an employer-funded benefit that reimburses employees for eligible medical expenses Also called: health reimbursement arrangement See: [HRA-enabled plans](https://every.help/admins/benefits/health-insurance.md#hra-enabled-plans) ### Open enrollment The yearly window when employees can choose or change their benefits See: [Health, Dental and Vision](https://every.help/admins/benefits/health-insurance.md) ### Premium The regular payment that keeps an insurance plan active See: [Health, Dental and Vision](https://every.help/admins/benefits/health-insurance.md) ### Qualifying life event A change such as marriage, a birth or losing other coverage that lets someone change their benefits outside open enrollment Also called: QLE, qualified life event See: [Health, Dental and Vision](https://every.help/admins/benefits/health-insurance.md) ### Roth 401(k) The part of a 401(k) plan funded with after-tax pay, allowing tax-free withdrawals when IRS requirements are met See: [Deductions](https://every.help/admins/payroll/deductions.md) ### Workers' compensation Insurance that pays an employee's medical costs and lost wages when they're hurt or fall ill because of work Also called: workers' comp See: [Workers' compensation](https://every.help/admins/benefits/workers-compensation.md) ## Incorporation and equity ### 83(b) election A filing with the IRS choosing to be taxed on restricted stock when it's granted, rather than as it vests Also called: 83(b) See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Authorized shares The most shares a corporation may issue, as set in its Certificate of Incorporation See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Authorized signatory A person allowed to sign documents and agreements on a company's behalf Also called: signatory, company signatory See: [Payroll settings](https://every.help/admins/payroll/settings.md) ### Board of directors The group stockholders elect to oversee a company and make its major decisions Also called: board See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Bylaws A corporation's internal rules for making decisions and setting the responsibilities of its officers and stockholders See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### C corporation A corporation taxed separately from its owners, the type most venture-backed startups use Also called: C-Corp, C corp See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Cap table A record of who owns a company's shares and other equity, and how much each owns Also called: capitalization table See: [All documents](https://every.help/admins/documents/overview.md) ### Certificate of Incorporation The document filed with a state to form a corporation, setting out its name, shares and other basics Also called: certificate of incorporation, COI See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### CIIAA Confidential Information and Invention Assignment Agreement: a contract that protects company secrets and assigns work inventions to the company Also called: Invention Assignment Agreement See: [Add people](https://every.help/admins/hr/onboarding.md) ### Cliff The time someone must stay with a company before the first part of their equity vests See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### CSPA Common Stock Purchase Agreement: the contract under which someone buys shares of a company's common stock Also called: stock purchase agreement See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### DBA Doing business as: a name a company uses with customers that differs from its legal name See: [Company information](https://every.help/admins/settings/company-profile.md) ### Delaware C corporation A C corporation formed in Delaware, the state most venture-backed startups incorporate in Also called: DE C-Corp, Delaware C-Corp See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Delaware franchise tax The yearly tax a Delaware corporation pays to keep its good standing with the state Also called: franchise tax ### Entity type The legal form or tax classification of a business or person, such as a corporation, partnership or sole proprietor See: [Vendors](https://every.help/admins/bill-pay/vendors.md) ### Equity Ownership in a company, held as shares or as the right to buy them ### Form 8821 Tax Information Authorization: the IRS form that lets someone a taxpayer names see the taxpayer's tax records Also called: Tax Information Authorization See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Founder Someone who starts a company and builds it, alone or with co-founders Also called: co-founder See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Issued shares Authorized shares a corporation has given to its stockholders ### LLC Limited liability company: a business that shields its owners from its debts and is taxed through them by default Also called: limited liability company ### Officer Someone the board appoints to a formal role in a company, such as CEO, CFO or Secretary Also called: corporate officer See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Registered agent A person or service named to receive legal and government mail for a company in its state See: [Open a bank account](https://every.help/admins/getting-started/open-a-bank-account.md) ### Responsible party The person an EIN application names as owning or controlling the business ### SAFE Simple agreement for future equity: an investment that turns into shares at a later priced funding round Also called: simple agreement for future equity ### SS-4 The IRS form a business files to apply for an EIN Also called: Form SS-4 See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Statement of Information A California filing that lists a company's addresses, its officers or managers and its agent for service of process See: [Health, Dental and Vision](https://every.help/admins/benefits/health-insurance.md) ### Stock grant An award of company shares or rights to acquire them, under conditions set by the grant agreement See: [Add people](https://every.help/admins/hr/onboarding.md) ### Stockholder A person or company that owns shares in a corporation Also called: shareholder See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ### Strike price The fixed price per share paid to buy stock when exercising a stock option See: [Payroll and people reports](https://every.help/admins/reports/payroll-reports.md) ### Unissued shares Authorized shares a corporation hasn't issued yet, kept for later use such as an equity plan ### Vesting Earning full ownership of shares or options over time, as long as you stay with the company Also called: vest, vested See: [Incorporate your company](https://every.help/admins/getting-started/incorporate-your-company.md) ## In Every These are Every's own names that get mixed up with the terms above, or with each other. ### Checking autopilot A setting that keeps your checking balance above a minimum you choose, using your money market or a backup account Also called: minimum balance automation, minimum balance autopilot See: [Checking account](https://every.help/admins/banking/overview.md#checking-autopilot) ### Payments The sidebar item for paying bills and managing vendors, once called Bill pay Also called: Bill pay See: [All payments](https://every.help/admins/bill-pay/overview.md) ### Payroll autopilot A pay schedule setting that has Every submit eligible pay runs for you See: [Payroll settings](https://every.help/admins/payroll/settings.md) ### Treasury Every's account for investing company cash in money market funds and U.S. Treasury bills See: [Treasury](https://every.help/admins/banking/treasury.md) ### Treasury autopilot A Treasury setting that buys new 1-month Treasury bills when the ones you hold mature Also called: Rollover autopilot See: [Treasury](https://every.help/admins/banking/treasury.md#settings) This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.