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 Income

The amount of money or its equivalent received during a period of time in exchange for labour or services, from the sale of goods or property, or as profit from financial investments.


Other accounting software terms beginning with I

Impersonal Accounts
Impersonal accounts represent accounts other than ...

Imprest System
The imprest system is a method for keeping petty c...

Income
The amount of money or its equivalent received dur...

Inland Revenue
The UK Inland Revenue was the Government departmen...

Insolvent
Insolvent is the term used to describe a company t...

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