Debitoor Dictionary

Explanation of common entrys used in accounting

A

  1. Accountancy
  2. Accounting equation
  3. Accounting principles
  4. Accounting system
  5. Accounting year
  6. Accounts payable
  7. Accounts receivable
  8. Accrual accounting
  9. Accruals
  10. Aged debtors report
  11. Amortisation
  12. Annual accounting VAT scheme
  13. Annual report
  14. Appreciation
  15. Arbitrage
  16. Articles of association
  17. Assets
  18. Audit
  19. Audit trail
  20. Auditor's report
  21. Average cost

B

  1. Bad debt account
  2. Bad debt reserve
  3. Balance sheet
  4. Bank balance
  5. Bank reconciliation
  6. Bank statement
  7. Bankruptcy
  8. Benefits in kind
  9. Bookkeeping
  10. Budget
  11. Business angel
  12. Buying rate
  13. By-products

C

  1. Capital
  2. Capital allowance
  3. Capital gains tax
  4. Card machine
  5. Card payment
  6. Card reader
  7. Cash
  8. Cash accounting
  9. Cash accounting VAT scheme
  10. Cash budget
  11. Cash discount
  12. Cash flow
  13. Cash flow forecast
  14. Chart of accounts
  15. Chip and PIN
  16. CIS
  17. Closing balance
  18. Cloud
  19. Collateral
  20. Companies Act 2006
  21. Conservatism principle
  22. Consistency principle
  23. Consumer price index (CPI)
  24. Contra account
  25. Contribution margin
  26. Copyright
  27. Corporation
  28. Corporation tax
  29. Cost
  30. Cost of goods sold
  31. Cost principle
  32. Credit
  33. Credit card
  34. Credit note
  35. Creditor
  36. Crowdfunding
  37. Currency
  38. Current assets
  39. Current liabilities
  40. Current ratio
  41. Customs duty

D

  1. Data Protection Act
  2. Debenture
  3. Debit
  4. Debit note
  5. Debt ratio
  6. Debtor
  7. Default
  8. Deferred expenditure
  9. Deferred revenue
  10. Deferred tax
  11. Delivery note
  12. Department
  13. Deposit
  14. Depreciation
  15. Depreciation methods
  16. Digital signature
  17. Director
  18. Directors' report
  19. Dividends
  20. Double entry bookkeeping
  21. Drawings

E

  1. EBIT
  2. EBITDA
  3. Economic entity principle
  4. Electronic invoicing
  5. Ending inventory
  6. Entrepreneur
  7. Exchange gain or loss
  8. Expense
  9. Export VAT

F

  1. FIFO
  2. Financial benchmarking
  3. Financial statement
  4. Finished goods
  5. Fixed assets
  6. Fixed cost
  7. Fixed exchange rates
  8. Flat rate VAT scheme
  9. FOB destination
  10. FOB shipping point
  11. Franchising
  12. Freelancer
  13. Full disclosure principle

G

  1. Gains
  2. GDPR
  3. General ledger
  4. Going concern principle
  5. Goodwill
  6. Group consolidation
  7. GST

H

  1. Historical cost

I

  1. IBAN
  2. IFRS standards
  3. Impairment
  4. Import duty
  5. Import VAT
  6. Imprest system
  7. Income statement
  8. Inflation
  9. Insolvency
  10. Intangible assets
  11. Intellectual property
  12. Interest
  13. Inventory
  14. Invoice
  15. Invoice format
  16. Invoice number

J

  1. Job costing
  2. Joint products
  3. Journal

K

  1. Key figure

L

  1. Legal tender
  2. Liabilities
  3. LIFO
  4. Limited company
  5. Limited liability
  6. Liquidation
  7. Liquidity
  8. Losses

M

  1. M-commerce
  2. Management accounting
  3. Market share
  4. Market value
  5. Markup
  6. Matching principle
  7. Materiality principle
  8. Memorandum of association
  9. Merchandise
  10. Monetary unit principle

N

  1. National insurance
  2. Net sales
  3. Nominal ledger

O

  1. OCR system
  2. Open items creditor
  3. Open items debtor
  4. Opening balance
  5. Outsourcing
  6. Overhead

P

  1. Packing note
  2. Partial payment
  3. Partnership
  4. Patent
  5. PAYE
  6. Payment guarantee
  7. Payment on account
  8. Payment receipt
  9. Payroll
  10. Period end
  11. Periodic stock management
  12. Perpetual stock management
  13. Petty cash
  14. Point of sale (POS)
  15. POS system
  16. PP&E
  17. Prepayments
  18. Price elasticity
  19. Principal payment
  20. Process costing
  21. Product list
  22. Profit & loss statement
  23. Proforma invoice
  24. Project accounting
  25. Provision
  26. Purchase ledger control account
  27. Purchase order
  28. Purchasing power

Q

  1. Quick ratio
  2. Quotation

R

  1. Raw materials
  2. Recurring invoice
  3. Reducing balance depreciation
  4. Reliability principle
  5. Reminder letter
  6. Remittance advice
  7. Reserves
  8. Residual value
  9. Retained earnings
  10. Return on investment (ROI)
  11. Revaluation
  12. Revaluation of creditors/debtors
  13. Revenues
  14. Reverse charge
  15. Rounding

S

  1. Sales
  2. Sales discount
  3. Sales ledger control account
  4. Sales turnover
  5. Salvage value
  6. Seasonality
  7. Self assessment
  8. SEPA
  9. Shareholder
  10. Shareholders' agreement
  11. Sole trader
  12. Spoilage
  13. Stakeholder
  14. Stamp duty
  15. Standard VAT accounting scheme
  16. Statement of cash flows
  17. Statutory accounts
  18. Stock management
  19. Stockholders' equity
  20. Straight-line depreciation
  21. Subscription
  22. Subsidiary
  23. Suspense account
  24. SWIFT/BIC codes
  25. SWOT analysis

T

  1. Tangible assets
  2. Tax accounting
  3. Tax codes
  4. Time period principle
  5. Touch ID
  6. Trade mark
  7. Trial balance
  8. Turnover

U

  1. UK GAAP
  2. Unbundling
  3. Useful life

V

  1. Variable cost
  2. Variance
  3. VAT
  4. VAT registration
  5. VAT report
  6. VAT return
  7. Venture capital

W

  1. Work in process
  2. Working capital
  3. Write-off

Y

  1. Year end