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 Accounting VAT Scheme
  12. Annual report
  13. Appreciation
  14. Arbitrage
  15. Articles of association
  16. Assets
  17. Audit
  18. Audit trail
  19. Auditor's report
  20. 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. Cash
  5. Cash accounting
  6. Cash Accounting VAT Scheme
  7. Cash budget
  8. Cash discount
  9. Cash flow
  10. Cash flow forecast
  11. Chart of accounts
  12. CIS
  13. Closing balance
  14. Cloud
  15. Collateral
  16. Companies Act 2006
  17. Consumer Price Index (CPI)
  18. Contra account
  19. Contribution margin
  20. Copyright
  21. Corporation
  22. Corporation tax
  23. Cost
  24. Cost of Goods Sold
  25. Credit
  26. Credit card
  27. Credit note
  28. Creditor
  29. Crowdfunding
  30. Currency
  31. Current assets
  32. Current liabilities
  33. Current ratio
  34. 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. Depreciation
  13. Depreciation methods
  14. Digital signature
  15. Director
  16. Directors' report
  17. Dividends
  18. Double entry bookkeeping
  19. 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. Finished goods
  4. Fixed assets
  5. Fixed exchange rates
  6. Flat Rate VAT Scheme
  7. FOB destination
  8. FOB shipping point
  9. Franchising
  10. Freelancer

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. Insolvency
  9. Intangible assets
  10. Intellectual property
  11. Inventory
  12. Invoice
  13. 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. Payroll
  8. Period end
  9. Periodic stock management
  10. Perpetual stock management
  11. POS system
  12. PP&E
  13. Prepayments
  14. Principal payment
  15. Process costing
  16. Product list
  17. Profit & Loss Statement
  18. Proforma invoice
  19. Project accounting
  20. Provision
  21. Purchase Ledger Control Account
  22. Purchase order
  23. 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. Revaluation
  8. Revaluation of Creditors/Debtors
  9. Revenues
  10. 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