Glossary of Terms
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Accounting Tips
The first known documentation of the double-entry accounting system was first recorded in 1494 by Luca Pacioli.
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