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. Barriers to entry
  9. Barriers to exit
  10. Benefits in kind
  11. Bookkeeping
  12. Budget
  13. Business angel
  14. Buying rate
  15. 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. Consumer Rights Act 2015
  25. Contra account
  26. Contribution margin
  27. Copyright
  28. Corporation
  29. Corporation tax
  30. Cost
  31. Cost of goods sold
  32. Cost principle
  33. Credit
  34. Credit card
  35. Credit note
  36. Creditor
  37. Crowdfunding
  38. Currency
  39. Current assets
  40. Current liabilities
  41. Current ratio
  42. Customs duty

D

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

E

  1. EBIT
  2. EBITDA
  3. Economic entity principle
  4. Economies of scale
  5. Economies of scope
  6. Electronic invoicing
  7. Ending inventory
  8. Entrepreneur
  9. Exchange gain or loss
  10. Expense
  11. 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. Golden parachute
  6. Goodwill
  7. Gross profit margin
  8. Group consolidation
  9. 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. Loan
  9. 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. Payback period
  6. PAYE
  7. Payment guarantee
  8. Payment on account
  9. Payment receipt
  10. Payroll
  11. Period end
  12. Periodic stock management
  13. Perpetual stock management
  14. PESTLE Analysis
  15. Petty cash
  16. Point of sale (POS)
  17. POS system
  18. PP&E
  19. Prepayments
  20. Price elasticity
  21. Principal payment
  22. Process costing
  23. Product list
  24. Profit & loss statement
  25. Proforma invoice
  26. Project accounting
  27. Provision
  28. Purchase ledger control account
  29. Purchase order
  30. Purchasing power

Q

  1. Quick ratio
  2. Quotation

R

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

S

  1. Sale of Goods Act 1979
  2. Sales
  3. Sales discount
  4. Sales ledger control account
  5. Sales turnover
  6. Salvage value
  7. Seasonality
  8. Self assessment
  9. SEPA
  10. Shareholder
  11. Shareholders' agreement
  12. Sole trader
  13. Spoilage
  14. Stakeholder
  15. Stamp duty
  16. Standard VAT accounting scheme
  17. Statement of cash flows
  18. Statutory accounts
  19. Stock management
  20. Stockholders' equity
  21. Straight-line depreciation
  22. Subscription
  23. Subsidiary
  24. Suspense account
  25. SWIFT/BIC codes
  26. Switching costs
  27. SWOT analysis

T

  1. Tangible assets
  2. Tax accounting
  3. Tax codes
  4. Time period principle
  5. Time Value of Money (TVM)
  6. Touch ID
  7. Trade mark
  8. Trial balance
  9. 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