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 Multiple-step income statement

A more detailed income statement which has had its revenure section segmented in order to give a more detailed view of sales. For example sales could be divided up into product sales and services sales, and each of those could in-turn could be subdivided into further categories or "steps".


Other accounting software terms beginning with M

Management accounting
Management accounting involves the processes of pr...

Manufacturing account
An accounting statement that forms an integral par...

Manufacturing Resource Planning
MRP II or Manufacturing resource Planning is a met...

Matching principle
The matching principle is the accounting principle...

Material Requirements Planning
MRP or Material Requirements Planning is a softwar...

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