Accounting glossary

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.

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A

Accounting software
Accounts payable
Accounting period
Accounts receivable
Accrual accounting
Accruals

B

Bank reconciliations
Basis of accounting
Bookkeeping vs accounting
Business accounting

C

Cash accounting 
Cash flow management
Cash flow statement
Cash vs accrual accounting
Chart of accounts
Commercial invoice

F

Financial management
Financial reporting
Financial statement
Fiscal year
Fixed assets

G

Gross profit
Gross profit (calculate)
Gross profit vs Net profit
Gross profit margin
Gross profit margin (calculate)

I

Invoice

J

Journal entry

L

Ledger

M

Margin vs Markup
Mark up
Mark up (calculate)

N

Net profit
Net profit (calculate)
Net profit margin
Net profit margin (calculate)

O

Operating profit
Operating profit (calculate)

P

Pay stubs
Payroll records
Profit & loss statement

S

Self-employment tax
Sole proprietorship

T

Tax deduction
Trial balance

W

Working capital

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