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    Accounting Glossary on E-conomic

    Here at E-conomic, we are continuously working to pass along more and more relevant and accessible information and knowledge to our customers.

    One way that we are currently sharing information with our customers is through our glossary of accounting words and terms that can be found on our website.  This list is ever growing and ever changing, and we welcome suggestions for new words to add to our glossary each and every day.

    For your quick reference, here is the current list of definition pages within our glossary:

    Accountancy

    Accounting System

    Accounting Year

    Accounts Receivable

    Accruals

    Aged debtors report

    Annual report

    Assets 

    Auditor’s report

    Audit trail

    Balance sheet

    Bank reconciliation

    Bookkeeping

    Budget

    Capital

    Cash

    Cash budget

    Cash discounts

    Chart of accounts

    Contra account

    Corporation

    Corporation tax

    Credit

    Creditor

    Currency

    Debenture

    Debit

    Debtor

    Depreciation

    Double entry bookkeeping

    Expense

    Financial benchmarking

    Fixed exchange rates

    Franchising

    Gains

    General Ledger

    International Financial Reporting Standards

    Invoice

    Liabilities

    Limited Companies

    Losses

    Opening balance

    Packing note

    Payroll

    Partnership

    Prepayments

    Profit And Loss Statement

    Proforma invoice

    Provision

    Remittance Advice

    Reserves

    Residual Value

    Revaluation

    Revenues

    Sales Turnover

    Sole Trader

    Statement of cash flows

    Stock management

    Stockholders’ Equity

    Subscription

    UK GAAP

    Variance

    Vat

    Year end

    If there are words that you would like to see in this list but cannot find, please leave us a comment on this blog post or join the discussion on our e-copedia page. We would like to see this list grow indefinitely, and we will always appreciate your input.


    Posted by Alexandra Amarotico

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