Accounting Software Glossary

Accounting Software from Lakeview

The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary.


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Definition of Accounts Payable

Accounts Payable are trade accounts of businesses representing the money that a person or company owes to suppliers, but hasn't paid yet. Total accounts payable by a company are recorded within accounting software in an account in the nominal ledger which reflects the overall balance of the purchase ledger.


Other accounting software terms beginning with A

Above the line
Above the line accounting refers to transactions, ...

Account
An account within your accounting software records...

Accounting cycle
The accounting cycle is the sequence you have to g...

Accounting equation
The accounting equation that accounting software u...

Accounting Software
Accounting software is a computer program that pro...

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