Eprecus ERP The Accountant's Dictionary

Name: Eprecus ERP
Brand: Eprecus ERP

A

Accounts Payable

Accounts payable is the amount the business owes suppliers for goods or services already received but not yet paid.

The Accountant's Dictionary • accounting, finance, accounts-payable

Accounts Receivable

Accounts receivable is the amount customers owe the business for goods or services already delivered but not yet collected.

The Accountant's Dictionary • accounting, finance, accounts-receivable

accounts receivable turnover ratio

Accounts receivable turnover ratio measures how efficiently the business converts credit sales into collected cash over a reporting period.

The Accountant's Dictionary • accounting, finance, accounts-receivable

accrued rent receivable

accrued rent receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

aging of accounts payable

Aging of accounts payable is the breakdown of unpaid supplier balances by how long each invoice has been outstanding.

The Accountant's Dictionary • accounting, finance, accounts-payable

aging of accounts receivable

Aging of accounts receivable is the breakdown of open customer balances by how long they have remained unpaid.

The Accountant's Dictionary • accounting, finance, accounts-receivable

assigned accounts receivable

assigned accounts receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

average accounts receivable

average accounts receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

B

balance per bank

balance per bank 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, cash-flow

bank balance

bank balance 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, cash-flow

bank errors

bank errors 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, cash-flow

bank overdraft

bank overdraft 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, cash-flow

bank rec

bank rec is a reconciliation term used to compare internal accounting records with external balances or supporting documents.

The Accountant's Dictionary • accounting, finance, cash-flow

bank service charge expense

bank service charge expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.

The Accountant's Dictionary • accounting, finance, cash-flow

bank statement

bank statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.

The Accountant's Dictionary • accounting, finance, cash-flow

bank statement reconciliation

bank statement reconciliation is a reconciliation term used to compare internal accounting records with external balances or supporting documents.

The Accountant's Dictionary • accounting, finance, cash-flow

bill payable

bill payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

bonds payable

bonds payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

C

Cash Flow Statement

A cash flow statement is the financial statement that shows how cash moved through operating, investing, and financing activities during the period.

The Accountant's Dictionary • accounting, finance, financial-statements

cash

cash is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash account

cash account is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash and cash equivalents

cash and cash equivalents is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash basis of accounting

cash basis of accounting is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash discount

cash discount is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash flow

cash flow is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash flow net of tax

cash flow net of tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.

The Accountant's Dictionary • accounting, finance, compliance

cash from financing activities

cash from financing activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash from operating activities

cash from operating activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash method of accounting

cash method of accounting is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash realizable value

cash realizable value is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash receipt

cash receipt is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash receipts journal

cash receipts journal is a journal or bookkeeping term used to record accounting entries in chronological order.

The Accountant's Dictionary • accounting, finance, cash-flow

cash short and over

cash short and over is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cash surrender value (CSV)

cash surrender value (CSV) is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

cashier's check

cashier's check is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

credit (as in debt, not cash)

credit (as in debt, not cash) is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

D

days' sales in accounts receivable

days' sales in accounts receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

discount on bonds payable

discount on bonds payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

discount on notes payable

discount on notes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

discount on notes receivable

discount on notes receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

discounted cash flow model

discounted cash flow model is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

discounted cash flow technique

discounted cash flow technique is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

dividends payable

dividends payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

F

factoring accounts receivable

factoring accounts receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

federal income tax withholdings payable

federal income tax withholdings payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, compliance

FICA tax payable

FICA tax payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, payroll

free cash flow

free cash flow is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

free cash flow per share

free cash flow per share is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.

The Accountant's Dictionary • accounting, finance, cash-flow

G

garnishment payable

garnishment payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

H

holiday, vacation, sick days payable

holiday, vacation, sick days payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

I

income taxes payable

income taxes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, compliance

interest payable

interest payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

interest receivable

interest receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

invoice

invoice is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.

The Accountant's Dictionary • accounting, finance, cash-flow

L

lawsuit payable

lawsuit payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

loans receivable

loans receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

M

mortgage loan payable

mortgage loan payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

mortgage loan receivable

mortgage loan receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

N

net cash flow from financing activities

net cash flow from financing activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

net cash flow from investing activities

net cash flow from investing activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

net cash flow from operating activities

net cash flow from operating activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

net method of recording accounts payable

net method of recording accounts payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

net payroll payable

net payroll payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, payroll

net working capital

Net working capital is another name for working capital and represents current assets minus current liabilities.

The Accountant's Dictionary • accounting, finance, liquidity

noncash expense

noncash expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.

The Accountant's Dictionary • accounting, finance, cash-flow

nontrade receivables

nontrade receivables 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, cash-flow

notes payable

notes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

notes receivable

notes receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

O

other accrued expenses payable

other accrued expenses payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

P

payable

payable 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, cash-flow

payroll taxes payable

payroll taxes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, payroll

pension payable

pension payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

petty cash

petty cash is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

petty cash receipt

petty cash receipt is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

petty cash replenishment

petty cash replenishment is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

petty cash voucher

petty cash voucher is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

premium on bonds payable

premium on bonds payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

R

reconciliation of bank statement

reconciliation of bank statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.

The Accountant's Dictionary • accounting, finance, cash-flow

redemption of bonds payable

redemption of bonds payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

replenishing petty cash

replenishing petty cash is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

restricted cash

restricted cash is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

S

salaries payable

salaries payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

state income tax withholdings payable

state income tax withholdings payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, compliance

statement of cash flows

The statement of cash flows is the formal report showing cash movement from operating, investing, and financing activities.

The Accountant's Dictionary • accounting, finance, financial-statements

supplier invoice

supplier invoice is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.

The Accountant's Dictionary • accounting, finance, cash-flow

T

taxes payable

taxes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, compliance

trade accounts payable

trade accounts payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

trade accounts receivable

trade accounts receivable is an asset account that records an amount due to the business but not yet collected.

The Accountant's Dictionary • accounting, finance, cash-flow

trade payables

trade payables 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, cash-flow

trade receivables

trade receivables 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, cash-flow

U

undiscounted future cash flows

undiscounted future cash flows is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.

The Accountant's Dictionary • accounting, finance, cash-flow

unemployment tax payable

unemployment tax payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, compliance

United Way payable

United Way payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

utilities payable

utilities payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

V

vacation pay payable

vacation pay payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

vendor

A vendor is a supplier that provides goods or services to the business and issues invoices for payment.

The Accountant's Dictionary • accounting, finance, cash-flow

vendor invoice

vendor invoice is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.

The Accountant's Dictionary • accounting, finance, cash-flow

vendors

Vendors are suppliers that provide goods or services to the business and are managed through procurement and accounts payable processes.

The Accountant's Dictionary • accounting, finance, cash-flow

W

Working Capital

Working capital is the difference between current assets and current liabilities and measures the short-term liquidity available to run the business.

The Accountant's Dictionary • accounting, finance, liquidity

wages payable

wages payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, payroll

warranty payable

warranty payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

worker compensation insurance payable

worker compensation insurance payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.

The Accountant's Dictionary • accounting, finance, cash-flow

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