ERP & Accounting Glossary

A comprehensive reference of 500 essential ERP, accounting, tax, and business management terms — each with definitions and translations in up to 17 languages.

This glossary covers terminology used in invoicing, bookkeeping, financial reporting, payroll, tax compliance, inventory management, and more. Total entries across all languages: 2274 translations.

Jump to: A · B · C · D · E · F · G · H · I · J · L · M · N · O · P · Q · R · S · T · U · V · W

A

Accept payment online — In business management and accounting, "Accept payment online" refers to a key c...
Access control — In business management and accounting, "Access control" refers to a key concept ...
Account — In business management and accounting, "Account" refers to a key concept used in...
Account balance — In business management and accounting, "Account balance" refers to a key concept...
Account category — In business management and accounting, "Account category" refers to a key concep...
Account name — In business management and accounting, "Account name" refers to a key concept us...
Account type — In business management and accounting, "Account type" refers to a key concept us...
Accounting — In business management and accounting, "Accounting" refers to a key concept used...
Accounting period — In business management and accounting, "Accounting period" refers to a key conce...
Accounting software — In business management and accounting, "Accounting software" refers to a key con...
Accounting standards — In business management and accounting, "Accounting standards" refers to a key co...
Accounts — In business management and accounting, "Accounts" refers to a key concept used i...
Accounts chart — In business management and accounting, "Accounts chart" refers to a key concept ...
Accounts payable — Money owed by a business to its suppliers and vendors for goods and services rec...
Accounts payable turnover — In business management and accounting, "Accounts payable turnover" refers to a k...
Accounts receivable — Money owed to a business by its customers for goods or services delivered but no...
Accounts receivable turnover — In business management and accounting, "Accounts receivable turnover" refers to ...
Accrual — An accounting method recognizing revenues and expenses when they are earned or i...
Accrual basis accounting — In business management and accounting, "Accrual basis accounting" refers to a ke...
Accumulated depreciation — In business management and accounting, "Accumulated depreciation" refers to a ke...
Activity-based costing — In business management and accounting, "Activity-based costing" refers to a key ...
Actual cost — In business management and accounting, "Actual cost" refers to a key concept use...
Add discount — In business management and accounting, "Add discount" refers to a key concept us...
Add expense — In business management and accounting, "Add expense" refers to a key concept use...
Add payment — In business management and accounting, "Add payment" refers to a key concept use...
Administrative expense — In business management and accounting, "Administrative expense" refers to a key ...
Advance payment — In business management and accounting, "Advance payment" refers to a key concept...
Aged balance — In business management and accounting, "Aged balance" refers to a key concept us...
Aged payables — In business management and accounting, "Aged payables" refers to a key concept u...
Aged receivables — In business management and accounting, "Aged receivables" refers to a key concep...
Aging report — In business management and accounting, "Aging report" refers to a key concept us...
Allowance — In business management and accounting, "Allowance" refers to a key concept used ...
Amortization — The gradual write-off of an intangible asset (like a patent or software license)...
Analytics — In business management and accounting, "Analytics" refers to a key concept used ...
Annual budget — In business management and accounting, "Annual budget" refers to a key concept u...
Annual report — In business management and accounting, "Annual report" refers to a key concept u...
Annual tax — In business management and accounting, "Annual tax" refers to a key concept used...
Api — In business management and accounting, "Api" refers to a key concept used in fin...
Approval workflow — In business management and accounting, "Approval workflow" refers to a key conce...
Approved vendor — In business management and accounting, "Approved vendor" refers to a key concept...
Asset — Any resource owned or controlled by a business that has economic value and is ex...
Asset turnover — In business management and accounting, "Asset turnover" refers to a key concept ...
Audit — In business management and accounting, "Audit" refers to a key concept used in f...
Audit log — In business management and accounting, "Audit log" refers to a key concept used ...
Audit report — In business management and accounting, "Audit report" refers to a key concept us...
Audit trail — In business management and accounting, "Audit trail" refers to a key concept use...
Automation — In business management and accounting, "Automation" refers to a key concept used...

B

Backup — In business management and accounting, "Backup" refers to a key concept used in ...
Bad debt — In business management and accounting, "Bad debt" refers to a key concept used i...
Balance sheet — A financial statement showing a company's assets, liabilities, and equity at a s...
Bank — In business management and accounting, "Bank" refers to a key concept used in fi...
Bank account — A financial account held at a banking institution used to receive, hold, and dis...
Bank address — In business management and accounting, "Bank address" refers to a key concept us...
Bank balance — In business management and accounting, "Bank balance" refers to a key concept us...
Bank charges — In business management and accounting, "Bank charges" refers to a key concept us...
Bank fee — In business management and accounting, "Bank fee" refers to a key concept used i...
Bank guarantee — In business management and accounting, "Bank guarantee" refers to a key concept ...
Bank interest — In business management and accounting, "Bank interest" refers to a key concept u...
Bank line of credit — In business management and accounting, "Bank line of credit" refers to a key con...
Bank name — In business management and accounting, "Bank name" refers to a key concept used ...
Bank phone — In business management and accounting, "Bank phone" refers to a key concept used...
Bank reconciliation — The process of matching a company's internal bank records with the bank's offici...
Bank reconciliation statement — In business management and accounting, "Bank reconciliation statement" refers to...
Bank statement — An official record from a bank listing all transactions for an account during a ...
Bank transactions — In business management and accounting, "Bank transactions" refers to a key conce...
Bank transfer — In business management and accounting, "Bank transfer" refers to a key concept u...
Banking — In business management and accounting, "Banking" refers to a key concept used in...
Banks — In business management and accounting, "Banks" refers to a key concept used in f...
Barcode — In business management and accounting, "Barcode" refers to a key concept used in...
Base currency — In business management and accounting, "Base currency" refers to a key concept u...
Base salary — In business management and accounting, "Base salary" refers to a key concept use...
Batch — In business management and accounting, "Batch" refers to a key concept used in f...
Bill — A document received from a vendor or supplier for goods or services purchased. B...
Bill amount — In business management and accounting, "Bill amount" refers to a key concept use...
Bill date — In business management and accounting, "Bill date" refers to a key concept used ...
Bill from — In business management and accounting, "Bill from" refers to a key concept used ...
Bill number — In business management and accounting, "Bill number" refers to a key concept use...
Bill of exchange — In business management and accounting, "Bill of exchange" refers to a key concep...
Billable hours — In business management and accounting, "Billable hours" refers to a key concept ...
Billed — In business management and accounting, "Billed" refers to a key concept used in ...
Billing — In business management and accounting, "Billing" refers to a key concept used in...
Billing rate — In business management and accounting, "Billing rate" refers to a key concept us...
Bills — In business management and accounting, "Bills" refers to a key concept used in f...
Bin — In business management and accounting, "Bin" refers to a key concept used in fin...
Bonus — In business management and accounting, "Bonus" refers to a key concept used in f...
Book value — In business management and accounting, "Book value" refers to a key concept used...
Bookkeeping — In business management and accounting, "Bookkeeping" refers to a key concept use...
Branch — In business management and accounting, "Branch" refers to a key concept used in ...
Break-even point — In business management and accounting, "Break-even point" refers to a key concep...
Budget — A financial plan that sets spending targets and revenue expectations for a defin...
Budget variance — In business management and accounting, "Budget variance" refers to a key concept...
Budget vs actual — In business management and accounting, "Budget vs actual" refers to a key concep...
Business — In business management and accounting, "Business" refers to a key concept used i...
Business intelligence — In business management and accounting, "Business intelligence" refers to a key c...
Business unit — In business management and accounting, "Business unit" refers to a key concept u...

C

Calendar year — In business management and accounting, "Calendar year" refers to a key concept u...
Capex — In business management and accounting, "Capex" refers to a key concept used in f...
Capital — In business management and accounting, "Capital" refers to a key concept used in...
Capital budget — In business management and accounting, "Capital budget" refers to a key concept ...
Capital expenditure — In business management and accounting, "Capital expenditure" refers to a key con...
Capital expense — In business management and accounting, "Capital expense" refers to a key concept...
Cash — In business management and accounting, "Cash" refers to a key concept used in fi...
Cash basis accounting — In business management and accounting, "Cash basis accounting" refers to a key c...
Cash equivalent — In business management and accounting, "Cash equivalent" refers to a key concept...
Cash flow — The movement of money into and out of a business. Cash flow statements show oper...
Cash flow forecast — In business management and accounting, "Cash flow forecast" refers to a key conc...
Cash flow statement — In business management and accounting, "Cash flow statement" refers to a key con...
Cash management — In business management and accounting, "Cash management" refers to a key concept...
Cash register — In business management and accounting, "Cash register" refers to a key concept u...
Chart of accounts — In business management and accounting, "Chart of accounts" refers to a key conce...
Check — In business management and accounting, "Check" refers to a key concept used in f...
Cheque — In business management and accounting, "Cheque" refers to a key concept used in ...
Cleared check — In business management and accounting, "Cleared check" refers to a key concept u...
Clearing account — In business management and accounting, "Clearing account" refers to a key concep...
Client — In business management and accounting, "Client" refers to a key concept used in ...
Closing balance — In business management and accounting, "Closing balance" refers to a key concept...
Cloud erp — In business management and accounting, "Cloud erp" refers to a key concept used ...
Collection — In business management and accounting, "Collection" refers to a key concept used...
Commercial paper — In business management and accounting, "Commercial paper" refers to a key concep...
Commission — In business management and accounting, "Commission" refers to a key concept used...
Company — In business management and accounting, "Company" refers to a key concept used in...
Compliance — In business management and accounting, "Compliance" refers to a key concept used...
Consolidated accounts — In business management and accounting, "Consolidated accounts" refers to a key c...
Consolidation — In business management and accounting, "Consolidation" refers to a key concept u...
Contact — In business management and accounting, "Contact" refers to a key concept used in...
Contact persons — In business management and accounting, "Contact persons" refers to a key concept...
Contacts — In business management and accounting, "Contacts" refers to a key concept used i...
Contra account — In business management and accounting, "Contra account" refers to a key concept ...
Contractor — In business management and accounting, "Contractor" refers to a key concept used...
Contribution margin — In business management and accounting, "Contribution margin" refers to a key con...
Control account — In business management and accounting, "Control account" refers to a key concept...
Corporate tax — In business management and accounting, "Corporate tax" refers to a key concept u...
Cost — In business management and accounting, "Cost" refers to a key concept used in fi...
Cost allocation — In business management and accounting, "Cost allocation" refers to a key concept...
Cost center — In business management and accounting, "Cost center" refers to a key concept use...
Cost of goods sold — In business management and accounting, "Cost of goods sold" refers to a key conc...
Cost of sales — In business management and accounting, "Cost of sales" refers to a key concept u...
Cost price — In business management and accounting, "Cost price" refers to a key concept used...
Create bill — In business management and accounting, "Create bill" refers to a key concept use...
Create currency — In business management and accounting, "Create currency" refers to a key concept...
Credit — In business management and accounting, "Credit" refers to a key concept used in ...
Credit balance — In business management and accounting, "Credit balance" refers to a key concept ...
Credit cards — In business management and accounting, "Credit cards" refers to a key concept us...
Credit limit — The maximum amount of credit extended to a customer before requiring prepayment ...
Credit line — In business management and accounting, "Credit line" refers to a key concept use...
Credit memo — In business management and accounting, "Credit memo" refers to a key concept use...
Credit note — A document issued to reduce a previously issued invoice, used for returns, corre...
Currency — In business management and accounting, "Currency" refers to a key concept used i...
Currency conversion — In business management and accounting, "Currency conversion" refers to a key con...
Currency rates — In business management and accounting, "Currency rates" refers to a key concept ...
Current asset — In business management and accounting, "Current asset" refers to a key concept u...
Current balance — In business management and accounting, "Current balance" refers to a key concept...
Current liability — In business management and accounting, "Current liability" refers to a key conce...
Current ratio — In business management and accounting, "Current ratio" refers to a key concept u...
Customer — A person or organization that purchases goods or services from a business. In ER...
Customer advance — In business management and accounting, "Customer advance" refers to a key concep...
Customer contact — In business management and accounting, "Customer contact" refers to a key concep...
Customer credit — In business management and accounting, "Customer credit" refers to a key concept...
Customer deposit — In business management and accounting, "Customer deposit" refers to a key concep...
Customer invoice — In business management and accounting, "Customer invoice" refers to a key concep...
Customers — In business management and accounting, "Customers" refers to a key concept used ...

D

Dashboard — In business management and accounting, "Dashboard" refers to a key concept used ...
Data export — In business management and accounting, "Data export" refers to a key concept use...
Data import — In business management and accounting, "Data import" refers to a key concept use...
Data security — In business management and accounting, "Data security" refers to a key concept u...
Days payable outstanding — In business management and accounting, "Days payable outstanding" refers to a ke...
Days sales outstanding — In business management and accounting, "Days sales outstanding" refers to a key ...
Debit — In business management and accounting, "Debit" refers to a key concept used in f...
Debit balance — In business management and accounting, "Debit balance" refers to a key concept u...
Debit memo — In business management and accounting, "Debit memo" refers to a key concept used...
Debit note — A document that increases the amount owed between parties, typically issued to r...
Debt collection — In business management and accounting, "Debt collection" refers to a key concept...
Debt financing — In business management and accounting, "Debt financing" refers to a key concept ...
Debt ratio — In business management and accounting, "Debt ratio" refers to a key concept used...
Default account — In business management and accounting, "Default account" refers to a key concept...
Deferred revenue — In business management and accounting, "Deferred revenue" refers to a key concep...
Delivery — In business management and accounting, "Delivery" refers to a key concept used i...
Delivery order — In business management and accounting, "Delivery order" refers to a key concept ...
Department — In business management and accounting, "Department" refers to a key concept used...
Deposit — In business management and accounting, "Deposit" refers to a key concept used in...
Depreciation — The systematic reduction in the book value of a fixed asset over its useful life...
Depreciation expense — In business management and accounting, "Depreciation expense" refers to a key co...
Direct cost — In business management and accounting, "Direct cost" refers to a key concept use...
Direct debit — In business management and accounting, "Direct debit" refers to a key concept us...
Discount — A reduction in the price of goods or services, applied as a percentage or fixed ...
Discount desc — In business management and accounting, "Discount desc" refers to a key concept u...
Dividend income — In business management and accounting, "Dividend income" refers to a key concept...
Document management — In business management and accounting, "Document management" refers to a key con...
Double-entry bookkeeping — In business management and accounting, "Double-entry bookkeeping" refers to a ke...
Draft invoice — In business management and accounting, "Draft invoice" refers to a key concept u...
Dunning — In business management and accounting, "Dunning" refers to a key concept used in...

E

E-invoice — In business management and accounting, "E-invoice" refers to a key concept used ...
Early payment discount — In business management and accounting, "Early payment discount" refers to a key ...
Earnings — In business management and accounting, "Earnings" refers to a key concept used i...
Earnings per share — In business management and accounting, "Earnings per share" refers to a key conc...
Ebitda — In business management and accounting, "Ebitda" refers to a key concept used in ...
Electronic invoice — In business management and accounting, "Electronic invoice" refers to a key conc...
Electronic payment — In business management and accounting, "Electronic payment" refers to a key conc...
Elimination entry — In business management and accounting, "Elimination entry" refers to a key conce...
Email services — In business management and accounting, "Email services" refers to a key concept ...
Employee — In business management and accounting, "Employee" refers to a key concept used i...
Employee benefit — In business management and accounting, "Employee benefit" refers to a key concep...
Employer — In business management and accounting, "Employer" refers to a key concept used i...
Encryption — In business management and accounting, "Encryption" refers to a key concept used...
Enterprise resource planning — In business management and accounting, "Enterprise resource planning" refers to ...
Equity — The residual interest in the assets of a business after deducting liabilities. R...
Equity financing — In business management and accounting, "Equity financing" refers to a key concep...
Erp — In business management and accounting, "Erp" refers to a key concept used in fin...
Escrow — In business management and accounting, "Escrow" refers to a key concept used in ...
Estimate — In business management and accounting, "Estimate" refers to a key concept used i...
Exchange rate — The rate at which one currency can be exchanged for another. Required for multi-...
Expense — The cost incurred by a business in generating revenue. Expenses reduce profit an...
Expense claim — In business management and accounting, "Expense claim" refers to a key concept u...
Expense forecast — In business management and accounting, "Expense forecast" refers to a key concep...
Expense report — In business management and accounting, "Expense report" refers to a key concept ...
Expense transfers — In business management and accounting, "Expense transfers" refers to a key conce...
Expenses — In business management and accounting, "Expenses" refers to a key concept used i...
External audit — In business management and accounting, "External audit" refers to a key concept ...

F

Factoring — In business management and accounting, "Factoring" refers to a key concept used ...
Fair value — In business management and accounting, "Fair value" refers to a key concept used...
Fifo — In business management and accounting, "Fifo" refers to a key concept used in fi...
Financial leverage — In business management and accounting, "Financial leverage" refers to a key conc...
Financial planning — In business management and accounting, "Financial planning" refers to a key conc...
Financial projection — In business management and accounting, "Financial projection" refers to a key co...
Financial statement — In business management and accounting, "Financial statement" refers to a key con...
Financial year — In business management and accounting, "Financial year" refers to a key concept ...
Fiscal year — The 12-month accounting period used for financial reporting and tax purposes. Ma...
Fixed asset — A long-term tangible asset used in business operations and not expected to be co...
Fixed cost — In business management and accounting, "Fixed cost" refers to a key concept used...
Forecast — In business management and accounting, "Forecast" refers to a key concept used i...
Foreign currency — In business management and accounting, "Foreign currency" refers to a key concep...
Freelancer — In business management and accounting, "Freelancer" refers to a key concept used...
Freight — In business management and accounting, "Freight" refers to a key concept used in...
Functional currency — In business management and accounting, "Functional currency" refers to a key con...

G

Gaap — In business management and accounting, "Gaap" refers to a key concept used in fi...
General ledger — The central record of all financial transactions in a business, organized by acc...
Goods — In business management and accounting, "Goods" refers to a key concept used in f...
Goods and services tax — In business management and accounting, "Goods and services tax" refers to a key ...
Goodwill — In business management and accounting, "Goodwill" refers to a key concept used i...
Gross income — In business management and accounting, "Gross income" refers to a key concept us...
Gross margin — In business management and accounting, "Gross margin" refers to a key concept us...
Gross profit — In business management and accounting, "Gross profit" refers to a key concept us...
Gross revenue — In business management and accounting, "Gross revenue" refers to a key concept u...
Gross salary — In business management and accounting, "Gross salary" refers to a key concept us...

H

Health insurance — In business management and accounting, "Health insurance" refers to a key concep...

I

Ifrs — In business management and accounting, "Ifrs" refers to a key concept used in fi...
Impairment — In business management and accounting, "Impairment" refers to a key concept used...
Income — In business management and accounting, "Income" refers to a key concept used in ...
Income expense — In business management and accounting, "Income expense" refers to a key concept ...
Income statement — A financial statement summarizing revenues and expenses over a period, showing w...
Income tax — In business management and accounting, "Income tax" refers to a key concept used...
Income transfers — In business management and accounting, "Income transfers" refers to a key concep...
Indirect cost — In business management and accounting, "Indirect cost" refers to a key concept u...
Intangible asset — In business management and accounting, "Intangible asset" refers to a key concep...
Integration — In business management and accounting, "Integration" refers to a key concept use...
Interbank transfer — In business management and accounting, "Interbank transfer" refers to a key conc...
Intercompany transaction — In business management and accounting, "Intercompany transaction" refers to a ke...
Interest expense — In business management and accounting, "Interest expense" refers to a key concep...
Interest income — In business management and accounting, "Interest income" refers to a key concept...
Internal audit — In business management and accounting, "Internal audit" refers to a key concept ...
Internal rate of return — In business management and accounting, "Internal rate of return" refers to a key...
Inventory — Goods held by a business for sale, or materials used in producing goods. Invento...
Inventory turnover — In business management and accounting, "Inventory turnover" refers to a key conc...
Inventory valuation — In business management and accounting, "Inventory valuation" refers to a key con...
Invoice — A commercial document issued by a seller to a buyer, specifying the products or ...
Invoice financing — In business management and accounting, "Invoice financing" refers to a key conce...
Invoiced — In business management and accounting, "Invoiced" refers to a key concept used i...
Invoices — In business management and accounting, "Invoices" refers to a key concept used i...
Item — In business management and accounting, "Item" refers to a key concept used in fi...
Item discount — In business management and accounting, "Item discount" refers to a key concept u...

J

Journal — In business management and accounting, "Journal" refers to a key concept used in...
Journal entry — A fundamental accounting record that captures a financial transaction using debi...
Journal voucher — In business management and accounting, "Journal voucher" refers to a key concept...

L

Leave — In business management and accounting, "Leave" refers to a key concept used in f...
Leave balance — In business management and accounting, "Leave balance" refers to a key concept u...
Ledger — A book or database of accounts that summarizes all financial transactions. The g...
Letter of credit — In business management and accounting, "Letter of credit" refers to a key concep...
Liability — A financial obligation or debt owed by a business to another party. Liabilities ...
Lifo — In business management and accounting, "Lifo" refers to a key concept used in fi...
Liquidity ratio — In business management and accounting, "Liquidity ratio" refers to a key concept...
List price — In business management and accounting, "List price" refers to a key concept used...
Logistics — In business management and accounting, "Logistics" refers to a key concept used ...
Long-term investment — In business management and accounting, "Long-term investment" refers to a key co...
Long-term liability — In business management and accounting, "Long-term liability" refers to a key con...
Loss — In business management and accounting, "Loss" refers to a key concept used in fi...
Lot — In business management and accounting, "Lot" refers to a key concept used in fin...

M

Make payment — In business management and accounting, "Make payment" refers to a key concept us...
Marketable securities — In business management and accounting, "Marketable securities" refers to a key c...
Merchandise — In business management and accounting, "Merchandise" refers to a key concept use...
Merchant account — In business management and accounting, "Merchant account" refers to a key concep...
Milestone billing — In business management and accounting, "Milestone billing" refers to a key conce...
Minority interest — In business management and accounting, "Minority interest" refers to a key conce...
Monthly — In business management and accounting, "Monthly" refers to a key concept used in...
Multi-company — In business management and accounting, "Multi-company" refers to a key concept u...
Multi-currency — In business management and accounting, "Multi-currency" refers to a key concept ...

N

Net income — In business management and accounting, "Net income" refers to a key concept used...
Net loss — In business management and accounting, "Net loss" refers to a key concept used i...
Net present value — In business management and accounting, "Net present value" refers to a key conce...
Net profit — In business management and accounting, "Net profit" refers to a key concept used...
Net revenue — In business management and accounting, "Net revenue" refers to a key concept use...
Net salary — In business management and accounting, "Net salary" refers to a key concept used...
Net worth — In business management and accounting, "Net worth" refers to a key concept used ...
New currency — In business management and accounting, "New currency" refers to a key concept us...
No currency — In business management and accounting, "No currency" refers to a key concept use...
Nominal account — In business management and accounting, "Nominal account" refers to a key concept...
Nominal ledger — In business management and accounting, "Nominal ledger" refers to a key concept ...
Not billed — In business management and accounting, "Not billed" refers to a key concept used...
Not invoiced — In business management and accounting, "Not invoiced" refers to a key concept us...

O

Opening balance — In business management and accounting, "Opening balance" refers to a key concept...
Operating budget — In business management and accounting, "Operating budget" refers to a key concep...
Operating expense — In business management and accounting, "Operating expense" refers to a key conce...
Operating income — In business management and accounting, "Operating income" refers to a key concep...
Operating leverage — In business management and accounting, "Operating leverage" refers to a key conc...
Operating loss — In business management and accounting, "Operating loss" refers to a key concept ...
Operating profit — In business management and accounting, "Operating profit" refers to a key concep...
Opex — In business management and accounting, "Opex" refers to a key concept used in fi...
Order number — In business management and accounting, "Order number" refers to a key concept us...
Organization — In business management and accounting, "Organization" refers to a key concept us...
Outstanding balance — In business management and accounting, "Outstanding balance" refers to a key con...
Outstanding check — In business management and accounting, "Outstanding check" refers to a key conce...
Outstanding invoice — In business management and accounting, "Outstanding invoice" refers to a key con...
Overdraft — In business management and accounting, "Overdraft" refers to a key concept used ...
Overdue — In business management and accounting, "Overdue" refers to a key concept used in...
Overdue invoice — In business management and accounting, "Overdue invoice" refers to a key concept...
Overhead — In business management and accounting, "Overhead" refers to a key concept used i...
Overhead allocation — In business management and accounting, "Overhead allocation" refers to a key con...
Overtime — In business management and accounting, "Overtime" refers to a key concept used i...
Overtime pay — In business management and accounting, "Overtime pay" refers to a key concept us...
Owner equity — In business management and accounting, "Owner equity" refers to a key concept us...

P

Partner — In business management and accounting, "Partner" refers to a key concept used in...
Pay period — In business management and accounting, "Pay period" refers to a key concept used...
Pay stub — In business management and accounting, "Pay stub" refers to a key concept used i...
Payment — The transfer of funds to settle an invoice, bill, or other financial obligation....
Payment due — In business management and accounting, "Payment due" refers to a key concept use...
Payment gateway — In business management and accounting, "Payment gateway" refers to a key concept...
Payment made — In business management and accounting, "Payment made" refers to a key concept us...
Payment methods — In business management and accounting, "Payment methods" refers to a key concept...
Payment processing — In business management and accounting, "Payment processing" refers to a key conc...
Payment receipt — In business management and accounting, "Payment receipt" refers to a key concept...
Payment received — In business management and accounting, "Payment received" refers to a key concep...
Payment term — The conditions under which a payment must be made — typically specifying a due d...
Payments — In business management and accounting, "Payments" refers to a key concept used i...
Payroll — The process of calculating and distributing employee compensation, including sal...
Payroll expense — In business management and accounting, "Payroll expense" refers to a key concept...
Payroll period — In business management and accounting, "Payroll period" refers to a key concept ...
Payslip — In business management and accounting, "Payslip" refers to a key concept used in...
Pension — In business management and accounting, "Pension" refers to a key concept used in...
Permission — In business management and accounting, "Permission" refers to a key concept used...
Personal account — In business management and accounting, "Personal account" refers to a key concep...
Petty cash — In business management and accounting, "Petty cash" refers to a key concept used...
Prepayment — A payment made in advance of receiving goods or services. Recorded as an asset u...
Price list — In business management and accounting, "Price list" refers to a key concept used...
Procurement — In business management and accounting, "Procurement" refers to a key concept use...
Product — In business management and accounting, "Product" refers to a key concept used in...
Products — In business management and accounting, "Products" refers to a key concept used i...
Profit — In business management and accounting, "Profit" refers to a key concept used in ...
Profit and loss — A financial report showing total revenues minus total expenses over a period. Us...
Profit center — In business management and accounting, "Profit center" refers to a key concept u...
Profit loss — In business management and accounting, "Profit loss" refers to a key concept use...
Profit margin — In business management and accounting, "Profit margin" refers to a key concept u...
Proforma invoice — In business management and accounting, "Proforma invoice" refers to a key concep...
Progress billing — In business management and accounting, "Progress billing" refers to a key concep...
Promissory note — In business management and accounting, "Promissory note" refers to a key concept...
Proposal — In business management and accounting, "Proposal" refers to a key concept used i...
Prospect — In business management and accounting, "Prospect" refers to a key concept used i...
Provision for bad debt — In business management and accounting, "Provision for bad debt" refers to a key ...
Purchase — In business management and accounting, "Purchase" refers to a key concept used i...
Purchase bill — In business management and accounting, "Purchase bill" refers to a key concept u...
Purchase invoice — In business management and accounting, "Purchase invoice" refers to a key concep...
Purchase ledger — In business management and accounting, "Purchase ledger" refers to a key concept...
Purchase order — A formal document sent by a buyer to a supplier, authorizing the purchase of spe...
Purchase request — In business management and accounting, "Purchase request" refers to a key concep...
Purchase requisition — In business management and accounting, "Purchase requisition" refers to a key co...
Purchasing — In business management and accounting, "Purchasing" refers to a key concept used...

Q

Quantity — In business management and accounting, "Quantity" refers to a key concept used i...
Quarterly tax — In business management and accounting, "Quarterly tax" refers to a key concept u...
Quick ratio — In business management and accounting, "Quick ratio" refers to a key concept use...
Quotation — In business management and accounting, "Quotation" refers to a key concept used ...
Quote — A document presented to a potential customer that outlines the price and terms f...

R

Real account — In business management and accounting, "Real account" refers to a key concept us...
Realized gain — In business management and accounting, "Realized gain" refers to a key concept u...
Realized loss — In business management and accounting, "Realized loss" refers to a key concept u...
Receipt — In business management and accounting, "Receipt" refers to a key concept used in...
Receipts — In business management and accounting, "Receipts" refers to a key concept used i...
Receive bill — In business management and accounting, "Receive bill" refers to a key concept us...
Reconciliation — In business management and accounting, "Reconciliation" refers to a key concept ...
Recurring bills — In business management and accounting, "Recurring bills" refers to a key concept...
Recurring expense — In business management and accounting, "Recurring expense" refers to a key conce...
Recurring expenses — In business management and accounting, "Recurring expenses" refers to a key conc...
Recurring incomes — In business management and accounting, "Recurring incomes" refers to a key conce...
Recurring invoice — An invoice generated automatically at regular intervals (weekly, monthly, yearly...
Recurring invoices — In business management and accounting, "Recurring invoices" refers to a key conc...
Recurring payment — In business management and accounting, "Recurring payment" refers to a key conce...
Recurring templates — In business management and accounting, "Recurring templates" refers to a key con...
Recurring transactions — In business management and accounting, "Recurring transactions" refers to a key ...
Refund — In business management and accounting, "Refund" refers to a key concept used in ...
Regulatory compliance — In business management and accounting, "Regulatory compliance" refers to a key c...
Reimbursement — In business management and accounting, "Reimbursement" refers to a key concept u...
Rent expense — In business management and accounting, "Rent expense" refers to a key concept us...
Rental income — In business management and accounting, "Rental income" refers to a key concept u...
Reorder point — In business management and accounting, "Reorder point" refers to a key concept u...
Reporting — In business management and accounting, "Reporting" refers to a key concept used ...
Reporting currency — In business management and accounting, "Reporting currency" refers to a key conc...
Reports — In business management and accounting, "Reports" refers to a key concept used in...
Retained earnings — In business management and accounting, "Retained earnings" refers to a key conce...
Retainer — In business management and accounting, "Retainer" refers to a key concept used i...
Return on investment — In business management and accounting, "Return on investment" refers to a key co...
Revenue — Income generated from normal business operations — typically the sale of goods o...
Revenue expenditure — In business management and accounting, "Revenue expenditure" refers to a key con...
Revenue forecast — In business management and accounting, "Revenue forecast" refers to a key concep...
Revenue recognition — In business management and accounting, "Revenue recognition" refers to a key con...
Roi — In business management and accounting, "Roi" refers to a key concept used in fin...
Role — In business management and accounting, "Role" refers to a key concept used in fi...
Running balance — In business management and accounting, "Running balance" refers to a key concept...

S

Safety stock — In business management and accounting, "Safety stock" refers to a key concept us...
Salary — Fixed regular compensation paid to an employee, typically on a monthly or bi-wee...
Sale — In business management and accounting, "Sale" refers to a key concept used in fi...
Sales — In business management and accounting, "Sales" refers to a key concept used in f...
Sales invoice — In business management and accounting, "Sales invoice" refers to a key concept u...
Sales ledger — In business management and accounting, "Sales ledger" refers to a key concept us...
Sales order — A document confirming a customer's request to purchase goods or services. Trigge...
Sales order management — In business management and accounting, "Sales order management" refers to a key ...
Sales pipeline — In business management and accounting, "Sales pipeline" refers to a key concept ...
Sales tax — A tax collected at the point of sale on goods and services, paid by the end cons...
Serial number — In business management and accounting, "Serial number" refers to a key concept u...
Service — In business management and accounting, "Service" refers to a key concept used in...
Services — In business management and accounting, "Services" refers to a key concept used i...
Shareholders equity — In business management and accounting, "Shareholders equity" refers to a key con...
Shipment — In business management and accounting, "Shipment" refers to a key concept used i...
Shipping — In business management and accounting, "Shipping" refers to a key concept used i...
Short-term investment — In business management and accounting, "Short-term investment" refers to a key c...
Shrinkage — In business management and accounting, "Shrinkage" refers to a key concept used ...
Sick leave — In business management and accounting, "Sick leave" refers to a key concept used...
Single entry bookkeeping — In business management and accounting, "Single entry bookkeeping" refers to a ke...
Sku — In business management and accounting, "Sku" refers to a key concept used in fin...
Social security — In business management and accounting, "Social security" refers to a key concept...
Standard cost — In business management and accounting, "Standard cost" refers to a key concept u...
Standing order — In business management and accounting, "Standing order" refers to a key concept ...
Statement of equity — In business management and accounting, "Statement of equity" refers to a key con...
Stock — In business management and accounting, "Stock" refers to a key concept used in f...
Stock adjustment — In business management and accounting, "Stock adjustment" refers to a key concep...
Stock level — In business management and accounting, "Stock level" refers to a key concept use...
Stocktaking — In business management and accounting, "Stocktaking" refers to a key concept use...
Straight-line depreciation — In business management and accounting, "Straight-line depreciation" refers to a ...
Sub-ledger — In business management and accounting, "Sub-ledger" refers to a key concept used...
Subscription — In business management and accounting, "Subscription" refers to a key concept us...
Subsidiary — In business management and accounting, "Subsidiary" refers to a key concept used...
Supplier — A company or individual that provides goods or raw materials to a business. Supp...
Supplier contact — In business management and accounting, "Supplier contact" refers to a key concep...
Supplier invoice — In business management and accounting, "Supplier invoice" refers to a key concep...
Suspense account — In business management and accounting, "Suspense account" refers to a key concep...

T

Tangible asset — In business management and accounting, "Tangible asset" refers to a key concept ...
Tax — A mandatory financial charge levied by a government on income, goods, services, ...
Tax code — In business management and accounting, "Tax code" refers to a key concept used i...
Tax credit — In business management and accounting, "Tax credit" refers to a key concept used...
Tax deduction — In business management and accounting, "Tax deduction" refers to a key concept u...
Tax exemption — In business management and accounting, "Tax exemption" refers to a key concept u...
Tax filing — In business management and accounting, "Tax filing" refers to a key concept used...
Tax invoice — In business management and accounting, "Tax invoice" refers to a key concept use...
Tax liability — In business management and accounting, "Tax liability" refers to a key concept u...
Tax rate — In business management and accounting, "Tax rate" refers to a key concept used i...
Tax rates — In business management and accounting, "Tax rates" refers to a key concept used ...
Tax refund — In business management and accounting, "Tax refund" refers to a key concept used...
Tax return — In business management and accounting, "Tax return" refers to a key concept used...
Tax total — In business management and accounting, "Tax total" refers to a key concept used ...
Tax withholding — In business management and accounting, "Tax withholding" refers to a key concept...
Tax year — In business management and accounting, "Tax year" refers to a key concept used i...
Time tracking — In business management and accounting, "Time tracking" refers to a key concept u...
Timesheet — In business management and accounting, "Timesheet" refers to a key concept used ...
Trade discount — In business management and accounting, "Trade discount" refers to a key concept ...
Trade payable — In business management and accounting, "Trade payable" refers to a key concept u...
Trade receivable — In business management and accounting, "Trade receivable" refers to a key concep...
Transfer — In business management and accounting, "Transfer" refers to a key concept used i...
Trial balance — A report listing all accounts and their debit/credit balances at a given date. U...

U

Unearned revenue — In business management and accounting, "Unearned revenue" refers to a key concep...
Unit of measure — In business management and accounting, "Unit of measure" refers to a key concept...
Unit price — In business management and accounting, "Unit price" refers to a key concept used...
Unrealized gain — In business management and accounting, "Unrealized gain" refers to a key concept...
Unrealized loss — In business management and accounting, "Unrealized loss" refers to a key concept...
Useful life — In business management and accounting, "Useful life" refers to a key concept use...
User — In business management and accounting, "User" refers to a key concept used in fi...

V

Vacation — In business management and accounting, "Vacation" refers to a key concept used i...
Value added tax — In business management and accounting, "Value added tax" refers to a key concept...
Variable cost — In business management and accounting, "Variable cost" refers to a key concept u...
Variance — In business management and accounting, "Variance" refers to a key concept used i...
Variance analysis — In business management and accounting, "Variance analysis" refers to a key conce...
Vat — Value Added Tax — a consumption tax applied at each stage of the supply chain. V...
Vendor — A company or individual that supplies goods or services to a business. Also call...
Vendor bill — In business management and accounting, "Vendor bill" refers to a key concept use...
Volume discount — In business management and accounting, "Volume discount" refers to a key concept...

W

Wage — In business management and accounting, "Wage" refers to a key concept used in fi...
Warehouse — In business management and accounting, "Warehouse" refers to a key concept used ...
Webhook — In business management and accounting, "Webhook" refers to a key concept used in...
Weighted average cost — In business management and accounting, "Weighted average cost" refers to a key c...
Wire transfer — In business management and accounting, "Wire transfer" refers to a key concept u...
Withholding tax — Tax deducted at source from payments made to employees or contractors, remitted ...
Work order — In business management and accounting, "Work order" refers to a key concept used...
Workflow — In business management and accounting, "Workflow" refers to a key concept used i...
Working capital — In business management and accounting, "Working capital" refers to a key concept...
Write-off — The removal of an uncollectable receivable or obsolete asset from the accounting...

About this glossary

This glossary is compiled from terminology used across 6 major open-source ERP platforms and covers standard accounting, tax, and business management vocabulary. Every term links to a dedicated page with full multilingual translations.

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