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. Benefits in kind
  8. Bookkeeping
  9. Budget
  10. Business angel
  11. Buying rate
  12. 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. Debt ratio
  5. Debtor
  6. Default
  7. Deferred expenditure
  8. Deferred revenue
  9. Deferred tax
  10. Delivery note
  11. Department
  12. Deposit
  13. Depreciation
  14. Depreciation methods
  15. Digital signature
  16. Director
  17. Directors' report
  18. Dividends
  19. Double entry bookkeeping
  20. 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 exchange rates
  7. Flat rate VAT scheme
  8. FOB destination
  9. FOB shipping point
  10. Franchising
  11. Freelancer
  12. Full disclosure principle

G

  1. Gains
  2. GDPR
  3. General ledger
  4. Goodwill
  5. Group consolidation

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. Insolvency
  9. Intangible assets
  10. Intellectual property
  11. Interest
  12. Inventory
  13. Invoice
  14. Invoice format
  15. 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 value
  4. Markup
  5. Matching principle
  6. Materiality principle
  7. Memorandum of association
  8. Merchandise

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

Q

  1. Quick ratio
  2. Quotation

R

  1. Raw materials
  2. Reducing balance depreciation
  3. Reminder letter
  4. Remittance advice
  5. Reserves
  6. Residual value
  7. Return on investment (ROI)
  8. Revaluation
  9. Revaluation of creditors/debtors
  10. Revenues
  11. Reverse charge
  12. 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

T

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

U

  1. UK GAAP
  2. Unbundling
  3. Useful life

V

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

W

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

Y

  1. Year end