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 Long term liabilities

The liabilities of a business that are due in more than one year, usually long-term loans such as bonds and mortgages.


Other accounting software terms beginning with L

Landed Costs
The total expense of importing goods including ret...

Ledger
A book of accounts in which data from transactions...

Leverage
The proportion of the capital employed by a compan...

Liabilities
in accounting, is a loan, expense, or any other fo...

LIFO
LIFO as an acronym for Last In First Out, which is...

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