Better Understand Accounting Terms & Definitions
Find definitions, related words, common misconceptions, and use cases for beginner to advanced accounting terms.
Latest Terms Added
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Account Receivable is what amount of money owed to a company for goods or services that are delivered but not…
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P And Loss Statement (P&L) is a financial document that summarizes the revenues, costs, and expenses incurred during a specific…
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In accounting, we define ledger as where all the information from the company’s journal entries are stored and summarized. Types…
Grow & Refine Your Accounting Vocabulary
Expand your financial vocabulary and get a deeper understanding of the terminology you use every day.
This website helps me explain advanced accounting terms to my clients, to help them better understand their financial data.
James Bennett
Bookkeeper