Accounting Software Glossary |
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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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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Definition of Opening the books |
Each year a business closes its books and opens a new set. The balances from the last balance sheet must be copied into the new books in order to start the new year. Opening the books is the process of starting the new set of accounts and aking them "open" to have transactions entered into them.Other accounting software terms beginning with O |
| Opening the books |
| Each year a business closes its books and opens a ... |
| Ordinary Share |
| "Ordinary" is the most frequently issued class of ... |
| Original book of entry |
| A book that contains the records of day to day tra... |
| Overheads |
| Overheads are the costs associated with providing ... |