Accounting Glossary

a

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

b

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

c

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

d

Depreciation
Dividend
Deduction
Dependent
Direct tax
Dividend imputation

e

Equity
EBITDA
Estimated tax payments
Excise tax

f

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

g

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

h

Household income

i

Indirect tax
Income tax
Inventory
Invoice

j

k

Key Performance Indicator (KPI)

l

Liquidity
Liability
Liquid Assets
Living Trust
Ledger Balance
Ledger

m

Margin vs Markup
Margin

n

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

o

Operating profit
Operating Margin
Options

p

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

q

r

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

s

Safe harbor
Sole proprietorship
Stockbroker
Signature loan

t

Tax bracket
Tax credit
Tax deferral
Tax deduction
Trial balance

u

Unsecured debit
Unearned income

v

Venture Capital

w

Working capital

y

Year to Date (YTD)

z