Accounting terms

The meaning and explanation for the special accounting terms

G

Gain on Sale of Assets (see Gains)
Gains
General ledger
General partnership (see Partnership)
Goodwill
Gross margin (see Gross Profit)
Gross Profit

I

Impairment
Income Statement
Income tax (see Corporation tax)
Interest Expense (see Expense)
Interest Revenues (see Revenues)
International Financial Reporting Standards
Inventory management
Inventory turnover
Invoice

K

Key figure

L

Leasing Contract (see Leasing)
Leasing
Ledger (see General ledger)
Liability
Limited Company
Limited Corporation (see Limited Company)
Limited Liability Company (see Limited Company)
Loss from Lawsuit (see Loss)
Loss on Sale of Assets (see Loss)
Loss

M

Matching

N

Net Book Value (see Book Value)
Net residual value (see Residual value)

O

P

Packing list
Packing note (see Packing list)
Partnership
Payroll
Prepayments (see Accrual basis)
Pro forma invoice
Product list
Profit and loss account (see Profit and loss statement)
Profit and loss statement
Project accounting (see Project management)
Project management
Provision

Q

Quotation

R

Receivable (see Accounts Receivable)
Remittance advice
Rent Expense (see Expense)
Reputation (see Goodwill)
Reserve (see Provision)
Residual value
Revaluation surplus (see Revaluation)
Revaluation
Revenues
Rounding

S

Sales Profit (see Gross Profit)
Sales tax
Sales (see Revenues)
Sales
Shareholder's equity (see Owner's equity)
Short-term creditor (see Accounts payable)
Short-term debt (see Accounts payable)
Single proprietorship (see Sole Proprietorship)
Sole proprietor (see Sole Proprietorship)
Sole Proprietorship
Sole trader (see Sole Proprietorship)
Statement of Cash Flows
Statement of Financial Position (see Balance Sheet)
Statement of Profit and Loss (see Income Statement)
Stock management (see Inventory management)
Stock turnover (see Inventory turnover)
Stockholder's equity (see Owner's equity)
Subscription
Supplier (see Creditor)

T

Tax accounting
Time/case management
Trade receivable (see Accounts Receivable)
Turnover (see Revenues)

V

Value added (see Goodwill)
Values added tax (see VAT)
Variance
VAT

W

Wages Expense (see Expense)
Write-down for impairment (see Impairment)

Y

Year end
Yearly report (see Annual report)

Accounting Software

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e-conomic is an online accounting software used by more than 48,000 companies and 4,100 accountants worldwide - from sole practitioners to large accounting firms. The software is easy to use and flexible, and you can give your accountant free access.