Glossary of Terms
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Accounting Tips
The use of account numbersThe Chart of Accounts is divided up into 5 major Chart of Accounts and Account Types. If you are going to use account numbers in your chart of accounts, then... in accounting has been around since the beginning of double entry accounting.
Accounting Terms
- 1031 Exchange
- 1040
- 1065
- 1099-misc
- 1099-NEC
- 1120
- 1120S
- Account Numbers
- Accounts Payable
- Accounts Receivable
- Accrual Basis Accounting
- Accumulated Depreciation and Depreciation Expense
- Adjusting Entries
- Amortization
- AMT
- ASC 606 – Revenue from Contracts with Customers
- B Corp
- Balance Sheet
- Bank Account
- Bank and Credit Card Account Reconciliation
- Bookkeeping
- Cash Basis Accounting
- Cash Flow
- CFO
- Chart of Accounts and Account Types
- Client-Customer
- Contract
- Controller
- Corporation
- Credit Card Account
- Depletion
- Double Entry Accounting – Debits and Credits
- eCommerce
- FASB ASC 606 – Revenue from Contracts with Customers
- Financial Forecast
- Financial Ratios
- Financial Statements
- Fixed Assets
- Garbage In Garbage Out
- Generally Accepted Accounting Principals (GAAP)
- Going Concern
- Insurance
- Interest Expense
- Interest Income
- Intuit Inc
- Inventory
- Inventory Methods
- Invoice
- Lease Accounting
- Liabilities
- LLC
- Loans
- MOM
- Periodic Inventory
- Prepaid Expenses
- Prepaid Inventory
- Purchase Order
- Qualified Small Business Stock
- Section 179
- YOY