Financial Glossary
Learn From The Best Outsourced Accounting Team In the Business
Glossary of Terms
A
- Accounts Payable (AP)
- Accounts Receivable (AR)
- Accrual Accounting
- Amortization
- Asset Management
B
- Balance Sheet
- Bookkeeping
- Break-even Analysis
- Budgeting
- Business Valuation
C
- Cash Flow
- Chart of Accounts
- Cost of Goods Sold (COGS)
- CPA (Certified Public Accountant)
- Credit Terms
D
- Depreciation
- Deferred Revenue
- Direct Costs
- Dividend
- Double-Entry Accounting
E
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)
- eCommerce Accounting
- Equity
- Expense Ratio
- Expenditure
F
- Financial Statements
- Fractional CFO
- Fixed Assets
- Forecasting
- Fund Accounting
G
- General Ledger
- Gross Margin
- GAAP (Generally Accepted Accounting Principles)
- Gross Profit
- Goods and Services Tax (GST)
H
- Historical Cost
- Holding Period
- Hedge Accounting
- Horizontal Analysis
I
- Inventory
- Inventory Turnover Ratio
- Income Statement
- Interest Expense
- Internal Controls
J
- Journal Entry
- Joint Venture
- Just-in-Time Inventory
- Job Costing
K
- Key Performance Indicator (KPI)
- Knowledge Transfer
- Kitting
- Keyman Insurance
L
- Liabilities
- Liquidity
- LIFO (Last In, First Out)
- Leverage Ratio
- Long-term Debt
M
- Margin
- Monthly Recurring Revenue (MRR)
- Merchant Account
- Multichannel Accounting
- Multi-Currency Accounting
N
- Net Income
- Net Profit Margin
- Net Working Capital
- Non-operating Income
- Non-cash Expense
O
- Operating Expenses (OPEX)
- Outsourced Accounting
- Overhead Costs
- Owner’s Equity
P
- P&L Statement (Profit and Loss Statement)
- Payment Gateway
- Payroll Expenses
- Prepaid Expenses
- Product Returns
Q
- QuickBooks
- Quick Ratio
- Quality of Earnings
- Quantity on Hand
R
- Reconciliation
- Revenue Recognition
- Retained Earnings
- Return on Investment (ROI)
- Receivables Turnover Ratio
S
- Sales Tax
- Shipping Costs
- Stock Keeping Unit (SKU)
- Subsidiary Ledger
- Sales Forecasting
T
- Tax Compliance
- Trial Balance
- Trade Receivables
- Transaction Fees
- Total Revenue
U
- Unrealized Gain
- Unsecured Debt
- Utility Expense
- Underwriting
V
- Valuation
- Variable Cost
- Vendor Management
- Virtual Bookkeeping
- Volume Discount
W
- Write-off
- Working Capital
- Wholesale Price
- Write-down
Y
- Year-End Financials
- Yield
- YTD (Year-to-Date)
- Year-End Close
Z
- Zero-Based Budgeting
- Zero-Balance Account (ZBA)
- Zero-Out Strategy
- Zone Pricing
Tax & Accounting can be confusing – take the pressure off by hiring a pro.
Get in touch today and schedule a FREE no-obligation consultation with a tax accounting strategist.
