Accounting terms
The meaning and explanation for the special accounting terms
A
- Accountancy (see Financial Accounting)
- Accounting application (see Accounting software)
- Accounting period (see Accounting year)
- Accounting software
- Accounting system (see Accounting software)
- Accounting year
- Accounting year end (see Year end)
- Accounting (see Financial Accounting)
- Accounts Receivable
- Accounts payable
- Accounts receivable turnover ratio
- Accrual basis
- Accruals concept (see Accrual basis)
- Accrued Expenses (see Accrual basis)
- Accrued Revenues (see Revenues)
- Aged debtor report (see Customer balance list)
- Amortization
- Amount receivable (see Accounts Receivable)
- Annual report
- Annual review (see Annual report)
- Arbitrage
- Assets
- Audit
- Audit trail
- Auditor
- Auditor's report
B
- Balance Account (see Control account)
- Balance Sheet
- Bank Reconciliation
- Benchmarking (see Financial benchmarking)
- Billing (see Electronic Invoice)
- Book Value
- Bookkeeping
- Budget
C
- CT (see Corporation tax)
- Capital Lease (see Finance Lease)
- Carrying Value (see Book Value)
- Cash budget
- Cash discount
- Cash flow statement (see Statement of Cash Flows)
- Cash holdings (see Cash budget)
- Chart of accounts
- Closing period (see Year end)
- Contra Account
- Contribution margin
- Control account
- Corporate income tax (see Corporation tax)
- Corporation
- Corporation tax
- Cost
- Costs (see Expense)
- Credit
- Credit card
- Creditor
- Currency
- Current Assets (see Assets)
- Customer balance list
- Customer (see Debtor)
D
- Debenture
- Debit
- Debt ratio
- Debtor
- Debt (see Accounts payable)
- Delivery note
- Department
- Depreciation (see Amortization)
- Division (see Department)
- Double-entry Bookkeeping (see Bookkeeping)
E
- E-Invoice (see Electronic Invoice)
- Early entries (see Opening balance)
- Electronic Invoice
- Expenditure (see Expense)
- Expense
F
- Fees Earned (see Revenues)
- Finance Lease
- Financial Accounting
- Financial benchmarking
- Financial year (see Accounting year)
- Fiscal year end (see Year end)
- Fiscal year (see Accounting year)
- Fixed Assets (see Assets)
- Fixed exchange rate
- Forecast (see Cash budget)
- Franchising
G
- Gain on Sale of Assets (see Gains)
- Gains
- General ledger
- General partnership (see Partnership)
- Goodwill
- Gross Profit
- Gross margin (see 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
L
- Leasing
- Leasing Contract (see Leasing)
- Ledger (see General ledger)
- Liability
- Limited Company
- Limited Corporation (see Limited Company)
- Limited Liability Company (see Limited Company)
- Loss
- Loss from Lawsuit (see Loss)
- Loss on Sale of Assets (see Loss)
M
N
- Net Book Value (see Book Value)
O
- OCR system
- Opening balance
- Operating Lease
- Ordinary partnership (see Partnership)
- Owner's equity
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
R
- Receivable (see Accounts Receivable)
- Remittance advice
- Rent Expense (see Expense)
- Reputation (see Goodwill)
- Reserve (see Provision)
- Residual value
- Revaluation
- Revaluation surplus (see Revaluation)
- Revenues
- Rounding
S
- Sales
- Sales Profit (see Gross Profit)
- Sales tax
- Sales (see Revenues)
- Salvage value (see Residual value)
- Scrap value (see Residual value)
- 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 Proprietorship
- Sole proprietor (see 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
W
- Wages Expense (see Expense)
- Write-down for impairment (see Impairment)
Y
- Year end
- Yearly report (see Annual report)