Debitoor Dictionary

Explanation of common entrys used in accounting

A

  1. Accountancy
  2. Accounting equation
  3. Accounting system
  4. Accounting year
  5. Accounts payable
  6. Accounts receivable
  7. Accrual accounting
  8. Accruals
  9. Aged debtors report
  10. Amortisation
  11. Annual report
  12. Arbitrage
  13. Assets
  14. Audit
  15. Audit trail
  16. Auditor's report
  17. 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

C

  1. Capital
  2. Capital Gains Tax
  3. Cash
  4. Cash accounting
  5. Cash Accounting VAT Scheme
  6. Cash budget
  7. Cash discount
  8. Chart of accounts
  9. CIS
  10. Closing balance
  11. Cloud
  12. Collateral
  13. Contra account
  14. Contribution margin
  15. Copyright
  16. Corporation
  17. Corporation tax
  18. Cost
  19. Cost of Goods Sold
  20. Credit
  21. Credit card
  22. Credit note
  23. Creditor
  24. Crowdfunding
  25. Currency
  26. Current assets
  27. Current liabilities
  28. Current ratio
  29. Customs Duty

D

  1. Data Protection Act
  2. Debenture
  3. Debit
  4. Debt ratio
  5. Debtor
  6. Default
  7. Deferred expenditure
  8. Delivery note
  9. Department
  10. Depreciation
  11. Depreciation methods
  12. Digital signature
  13. Dividends
  14. Double entry bookkeeping
  15. Drawings

E

  1. EBIT
  2. EBITDA
  3. Electronic invoicing
  4. Ending inventory
  5. Exchange gain or loss
  6. Expense
  7. Export VAT

F

  1. FIFO
  2. Financial benchmarking
  3. Fixed assets
  4. Fixed exchange rates
  5. FOB destination
  6. FOB shipping point
  7. Franchising

G

  1. Gains
  2. General ledger
  3. Goodwill
  4. Group Consolidation

I

  1. IBAN
  2. IFRS Standards
  3. Impairment
  4. Import Duty
  5. Import VAT
  6. Imprest system
  7. Income statement
  8. Intangible assets
  9. Invoice
  10. Invoice number

J

  1. Journal

K

  1. Key figure

L

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

M

  1. M-commerce
  2. Management accounting
  3. Market value
  4. Matching principle
  5. Materiality 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

P

  1. Packing note
  2. Partnership
  3. Patent
  4. PAYE
  5. Payment Guarantee
  6. Payment on Account
  7. Payroll
  8. Period End
  9. Periodic stock taking
  10. Perpetual stock taking
  11. POS System
  12. PP&E
  13. Prepayments
  14. Product list
  15. Profit & Loss Statement
  16. Proforma invoice
  17. Project accounting
  18. Provision
  19. Purchase Ledger Control Account
  20. Purchase order

Q

  1. Quotation

R

  1. Raw materials
  2. Reducing Balance Depreciation
  3. Reminder letter
  4. Remittance advice
  5. Reserves
  6. Residual value
  7. Revaluation
  8. Revaluation of Creditors/Debtors
  9. Revenues
  10. Rounding

S

  1. Sales
  2. Sales Ledger Control Account
  3. Sales turnover
  4. Salvage value
  5. Self Assessment
  6. Sole trader
  7. Standard VAT Accounting Scheme
  8. Statement of Cash Flows
  9. Stock management
  10. Stockholders' equity
  11. Straight Line Depreciation
  12. Subscription
  13. Suspense Account
  14. 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

V

  1. Variance
  2. VAT
  3. VAT Detail
  4. VAT Registration
  5. VAT Return
  6. Venture capital

W

  1. Work in process
  2. Write-off

Y

  1. Year end