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 Accumulated Depreciation Account

An accumulated depreciation account shows the cumulative charges against the fixed assets of a company for wear and tear or obsolescence. Each year it is credited with the new depreciation so that it offsets the running total of acquired fixed assets.


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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