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 Inland Revenue

The UK Inland Revenue was the Government department that is responsible for collecting tax. This was merged with Customs & Excise to form Her Majesty's Revenue & Customs on 18th April 2005, a single body charged with the collection of both tax and excise.


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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