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 Retail |
Retail is the selling of goods directly to consumers, usually goods originally bought wholesale and usually sold in small quantities and not for subsequent resale. Accounting software for retailers will provide a trading account where sales and the cost of sales can be recorded, to provide a measure of gross profit.Other accounting software terms beginning with R |
| Raw Materials |
| Manufacturers purchase raw materials in order to p... |
| Real accounts |
| Real accounts are the accounts, including asset ac... |
| Realisation principle |
| Realisation principle states that revenue should o... |
| Rebate |
| A rebate is a reduction to fees or a refund of par... |
| Receipt |
| A written acknowledgment to confirm a payment of a... |