Contractor

Meaning

A contractor is an individual who is hired by a business or an individual to provide a service. They are self-employed.

Key points

• Contractor appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, contractor is used to keep invoice and payment operations structured and auditable.