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 Balance Sheet |
A fundamental function of accounting software is to produce the balance sheet - a summary of the value of all assets, liabilities and owners' equity on a specific date, such as at the end of its financial year.Other accounting software terms beginning with B |
| Bad Debts Account |
| An open account balance or loan receivable that ha... |
| Bad Debts Reserve Account |
| An account record of bad debts over the period of ... |
| Balance Sheet |
| A fundamental function of accounting software is t... |
| Balancing Charge |
| The balancing charge is the loss or gain on an ass... |
| Bankrupt |
| When a person or unincorporated company is insolve... |