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 Below the line

Below the Line describes accounting items not normally associated with the day to day running of the business, and that only affect the net income indirectly via the capital accounts.


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...

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