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 Original book of entry

A book that contains the records of day to day transactions in a business - the book in your accounting software in which transactions are first entered.


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 ...

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