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 Self Assessment |
Self-assessment is a form of income tax return introduced in 1996 that obliges all taxpayers in the UK by law to maintain records of their income and all types of capital gains so as to enable annual tax returns to be completed by the individual, if they are notified of such a requirement by the government. This takes the burden of tax calculation away from the government and places it upon he individual.Other accounting software terms beginning with S |
| Sales |
| Income received from customers in return for the s... |
| Sales Invoice |
| A sales invoice is the way of recording the sale o... |
| Sales Ledger |
| The sales ledger is the subsidiary ledger is where... |
| Self Assessment |
| Self-assessment is a form of income tax return int... |
| Self-balancing ledgers |
| A system employed in accounting software that allo... |