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 Simple interest

Simple interest is interest applied to the principal alone, as opposed to compound interest which includes accrued interest in the calculation and therefore calculates interest upon interest.


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...

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