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 Retained earnings

The profits of the business that have not been paid out to the owners. The earnings have been retained for use within the business.


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...

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