Accounting glossary

Simple, jargon-free explanations of accounting terms for small business owners. Answering the questions you’re too afraid to ask.

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G

I

L

M

N

O

P

Q

R

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T

V

W

Disclaimer

This glossary is for small business owners. The definitions are written with their requirements in mind. More detailed definitions can be found in accounting textbooks or from an accounting professional. Xero does not provide accounting, tax, business or legal advice.