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 Post Closing Trial Balance

Post closing trial balance is a trial balance sheet drawn up within your accounting software only including balance sheet accounts and is prepared after only the balance sheet has been drawn up


Other accounting software terms beginning with P

P&L
P&L is short for "Profit and Loss". See Profit an...

Paid-up Share capital
Paid up share capital is the total amount of money...

Pareto optimum
Pareto efficiency is a concept of efficiency named...

Pay on delivery
When a buyer pays the carrier for the goods upon t...

PAYE (UK only)
PAYE is the name given to the UK personal income t...

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