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 Price change accounting

When your accounting software records the value of assets using their current market value as opposed to their historical cost, this is known as price change accounting.


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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