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 Pro-forma accounts (pro-forma financial statements)

Pro-forma accounts are a financial statement projection that shows how an actual financial statement will look if certain specified assumptions are realised. Often pro-forma accounts are produced prior to an official accounting audit for internal management purposes or to brief shareholders or the press.


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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