1099 Form
A 1099 form is a U.S. tax document used to report payments made to independent contractors and other non-employee payees.
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The Accountant's Dictionary
Search structured definitions, practical explanations, and related business terms for HR, payroll, accounting, finance, and operational control.
Search the Eprecus ERP The Accountant's Dictionary
The Eprecus ERP dictionary is built for finance teams, HR managers, payroll administrators, operations leads, and business owners who need clear definitions they can apply inside real workflows. Use this glossary to understand payroll terminology, accounting definitions, HR metrics, and enterprise software concepts without vague textbook language.
Each entry is written to support practical ERP work, including reporting, approvals, payroll review, compliance conversations, reconciliation, workforce planning, and process design. If you need deeper examples, continue into the Eprecus ERP blog or review the platform overview.
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Showing 6 result(s) for "accruals".
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Filtered by search term 'accruals'
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3
A
accrual basis of accounting
Accrual basis accounting recognizes revenue when earned and expenses when incurred, regardless of when cash is received or paid.
The Accountant's Dictionary
• accounting, finance, accruals
accruals
accruals is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accrued expenses payable
Accrued expenses payable are expenses already incurred by the business but not yet invoiced or paid at the reporting date.
The Accountant's Dictionary
• accounting, finance, accruals
adjusted trial balance
An adjusted trial balance is the trial balance prepared after accruals, deferrals, depreciation, and other adjusting entries have been posted for the period.
The Accountant's Dictionary
• accounting, finance, reporting
P
Prepayment
A prepayment is an amount paid in advance for goods or services that will be consumed in a future period.
The Accountant's Dictionary
• accruals, prepaid expenses, month end close
U
unadjusted trial balance
An unadjusted trial balance is the ledger balance report prepared before period-end adjusting entries have been recorded.
The Accountant's Dictionary
• accounting, finance, reporting