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 Advanced Corporation Tax

Advance Corporation Tax or ACT was the scheme where companies made an advance payment of corporation tax when they distributed dividend payments to shareholders. This payment was then offset against the company's final corporation tax bill. (ACT was scrapped by Gordon Brown, effective from 6 April 1999)


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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