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 Sinking fund |
An amount set apart periodically from the income of a business and allowed to accumulate in order ultimately to pay off a debt or another account in the books. A preferred investment for a sinking fund is the purchase of the firm's bonds that are to be paid off. Once a sinking fund achieves the same value as the account which it is to pay off, both can be removed from teh balance sheet.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... |