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 Inventory

A subsidiary ledger used to record individual items including raw materials, items available for sale or work in process - goods in the process of being made ready for sale


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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