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 Equity

Equity, measured in a company's Equity Account is the difference between a company's assets and liabilities, or equally the sum of all retained profits and shareholder's capital. Alternatively, an individual's equity is their ownership in a company or items of value.