Accounting Software Glossary |
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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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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Definition of Accrual |
An accrual is revenue earned although the cash has not yet been received, or when an invoice, bill or statement has not yet been issued. The accrual is recorded in a company's accounting software in order to make profit and loss accounts accurate, and then once the invoice or statement is received and entered on the accounting system, the accrual can be reversed.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... |