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 Double-entry book-keeping |
A system of recording transactions in a way that maintains the equality of the accounting equation. The accounting technique records where each transaction came from and where it went to. Double-entry bookkeeping (DEB) or accounting was developed during the fifteenth century and was first recorded in 1494 as a system by the Italian mathematician Luca Pacioli.
Other accounting software terms beginning with D |
| Days Sales Outstanding (DSO) |
| Days Sales Outstanding is a company's average mone... |
| Debenture |
| A long-term share used by governments and large co... |
| Debit |
| A debit is a record of an indebtedness. Specifica... |
| Debtors |
| People that owe money to the business.... |
| Debtors (control account) |
| the total amount owed by the all the individual de... |