Basic small business accounting and bookkeeping terms and how-tos. Check out our definitions that won’t hurt your brain. And find related terms and resources.
Accounting period Accounting software Accrual accounting Accurals
Bank reconciliations Basis of accounting Bookkeeping vs accounting Business accounting
Cash accounting Cash flow management Cash flow statement Cash vs accrual accounting Chart of accounts Commercial invoice
Financial management Financial reporting Financial statement Fiscal year Fixed assets
Gross profit Gross profit (calculate) Gross profit vs Net profit Gross profit margin Gross profit margin (calculate)
Invoice
Journal entry
Ledger
Making Tax Digital Margin vs Markup Mark up Mark up (calculate)
Net profit Net profit (calculate) Net profit margin Net profit margin (calculate)
Operating profit Operating profit (calculate)
Payroll records Payslips Profit & loss statement
Tax deduction Trade creditors Trade debtors Trial balance
Working capital
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