Accounting Glossary

a

Accounts receivable turnover
Appreciation
Adjusted gross income
Accounting method
Amortizing loan
Assessment
Amended return
Accrual accounting
Adjustments to income
Accounts receivable
Above-the-line deduction
Adjusted basis
Average tax rate
Accounts payable
Accounting period
Amortization
Accelerated depreciation
Accounting software

b

Bank reconciliation
Business accounting
Bookkeeping vs accounting
Balance sheet
Break even point
Basis of accounting

c

Current year tax
Cash method
Cash accounting
Cash flow statement
Capital loss
Cost of goods sold (COGS)
Capital
Capital gains
Chart of accounts

d

Dependent
Deduction
Depreciation
Direct tax
Dividend
Dividend imputation

e

Estimated tax payments
EBITDA
Excise tax
Equity

f

Fair market value
Fixed assets
Financial statement
Fractional ownership
Fiscal year
Flat tax

g

Gross profit vs Net profit
Gross profit
Gross income
Gross profit margin

h

Household income

i

Inventory
Invoice
Income tax
Indirect tax

j

k

Key Performance Indicator (KPI)

l

Liquid Assets
Ledger Balance
Liquidity
Living Trust
Ledger
Liability

m

Margin vs Markup
Margin

n

Non-liquid Asset
Net Worth
Negative Equity
Note
Net Income
Net profit

o

Options
Operating profit
Operating Margin

p

Profit and Loss Statement
Payroll records
Purchase Agreement
Property Tax
Private Equity
Periodic Rate

q

r

Return on Assets (ROA)
Revenue
Risk
Recession
Return on Investment (ROI)
Refinance
Rebate
Return on Equity (ROE)

s

Signature loan
Sole proprietorship
Safe harbor
Stockbroker

t

Tax deduction
Tax deferral
Tax bracket
Tax credit
Trial balance

u

Unearned income
Unsecured debit

v

Venture Capital

w

Working capital

y

Year to Date (YTD)

z

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