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 Normalize

Any figure hat has been averaged or smoothed out in order to take into account the effect of cycles in the economy can be said to have been normalised. This can apply to many accounting concepts.


Other accounting software terms beginning with N

Narrative
A comment attached to a journal entry, usually use...

Net loss
Net loss is total expenses minus total sales - ass...

Net of Tax
Net of Tax refers to the price of goods or service...

Net profit
The company's total earnings less costs of doing b...

Net worth
Net worth is a company's value on paper - equal to...

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