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 76 result(s) for "compliance".
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Absence from Duty without Prior Approval
Absence from duty without prior approval is an unauthorized failure to report for work or obtain the required approval before being away from duty in the Jamaica public service.
Absenteeism Rate
Absenteeism rate measures the percentage of scheduled work time employees miss over a defined period.
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Filtered by search term 'compliance'
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17
A
after-tax
after-tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
after-tax cost of debt
after-tax cost of debt is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, compliance
AICPA
AICPA stands for the American Institute of Certified Public Accountants, a major U.S. professional body for CPAs.
The Accountant's Dictionary
• accounting, finance, compliance
American Institute of Certified Public Accountants (AICPA)
American Institute of Certified Public Accountants (AICPA) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
C
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
D
deferred income taxes
deferred income taxes is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
deferred revenues
Deferred revenue, also called unearned revenue, is the liability created when a customer pays before the business has delivered the promised goods or services.
The Accountant's Dictionary
• accounting, finance, revenue-recognition
E
employer payroll taxes
employer payroll taxes is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, payroll
Employer's Tax Guide
Employer's Tax Guide is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
equity section of the balance sheet
equity section of the balance sheet is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance, compliance
F
FASB
FASB stands for the Financial Accounting Standards Board, the primary U.S. accounting standard-setting body.
The Accountant's Dictionary
• accounting, finance, compliance
FASB interpretation
FASB interpretation 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, compliance
FASB pronouncements
FASB pronouncements 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, compliance
FASB Statement 116
FASB Statement 116 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, compliance
FASB Statement 117
FASB Statement 117 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, compliance
FASB statements of financial accounting concepts
FASB statements of financial accounting concepts is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
FASB statements of financial accounting standards
FASB statements of financial accounting standards is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
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
federal unemployment tax
federal unemployment tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
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
Financial Accounting Standards Board (FASB)
Financial Accounting Standards Board (FASB) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
first in, first out (FIFO)
first in, first out (FIFO) 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, inventory
first in, still here (FISH)
first in, still here (FISH) 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, compliance
G
GAAP
GAAP stands for generally accepted accounting principles, the formal accounting framework used primarily in the United States for financial reporting and disclosure.
The Accountant's Dictionary
• accounting, finance, compliance
generally accepted accounting principles (GAAP)
Generally accepted accounting principles, or GAAP, are the formal accounting standards and conventions used primarily in the United States.
The Accountant's Dictionary
• accounting, finance, compliance
H
held-to-maturity securities
held-to-maturity securities 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, compliance
I
IFRS
IFRS stands for International Financial Reporting Standards, the global accounting framework used in many countries for statutory and external financial reporting.
The Accountant's Dictionary
• accounting, finance, compliance
income tax code
income tax code is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
income tax depreciation
income tax depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance, compliance
income tax expense
income tax 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, compliance
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
incremental income tax rate
incremental income tax rate is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
Internal Revenue Service (IRS)
Internal Revenue Service (IRS) 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, compliance
International Financial Reporting Standards (IFRS)
International Financial Reporting Standards, or IFRS, are the global accounting standards used in many jurisdictions for external reporting.
The Accountant's Dictionary
• accounting, finance, compliance
interperiod tax allocation
interperiod tax allocation is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
intraperiod tax allocations
intraperiod tax allocations is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
investment securities
investment securities 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, compliance
IRS
IRS stands for the Internal Revenue Service, the U.S. federal tax authority.
The Accountant's Dictionary
• accounting, finance, compliance
IRS Publication 15
IRS Publication 15, also called Employer's Tax Guide, provides U.S. federal payroll tax guidance for employers.
The Accountant's Dictionary
• accounting, finance, compliance
L
last in, first out (LIFO)
last in, first out (LIFO) 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, inventory
M
major repairs
major repairs 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, compliance
marketable debt securities
marketable debt securities 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, compliance
marketable equity securities
marketable equity securities is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance, compliance
marketable securities
marketable securities 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, compliance
Medicare tax
Medicare tax is the U.S. payroll tax withheld to fund the Medicare healthcare program.
The Accountant's Dictionary
• accounting, finance, payroll
N
net of tax
net of tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
next-in, first-out cost flow assumption
next-in, first-out cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, compliance
O
ordinary repairs
ordinary repairs 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, compliance
P
payroll tax liability
payroll tax liability is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, payroll
payroll taxes
payroll taxes is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, payroll
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
PCAOB
PCAOB stands for the Public Company Accounting Oversight Board, the regulator that oversees audits of public companies in the United States.
The Accountant's Dictionary
• accounting, finance, compliance
Public Company Accounting Oversight Board (PCAOB)
Public Company Accounting Oversight Board (PCAOB) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
R
repairs
repairs 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, compliance
repairs and maintenance expense
repairs and maintenance 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, compliance
S
SEC
SEC stands for the Securities and Exchange Commission, the U.S. regulator for securities markets and public-company reporting.
The Accountant's Dictionary
• accounting, finance, compliance
secondary activities
secondary activities 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, compliance
secured bond
secured bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance, compliance
secured creditor
secured creditor 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, compliance
secured loan
secured loan is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance, compliance
Securities and Exchange Commission
Securities and Exchange Commission 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, compliance
Social Security taxes
Social Security taxes is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
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
state unemployment tax
state unemployment tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
T
tax depreciation
tax depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance, compliance
tax-exempt
tax-exempt is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
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
temporary marketable securities
temporary marketable securities 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, compliance
U
unemployment compensation tax
unemployment compensation tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
unemployment tax expense: warehouse
unemployment tax expense: warehouse is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
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
unrelated business income tax
unrelated business income tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
unsecured bond
unsecured bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance, compliance
unsecured creditor
unsecured creditor 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, compliance
unsecured loan
unsecured loan is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance, compliance
US GAAP
US GAAP is the United States accounting standards framework used to prepare compliant external financial statements.
The Accountant's Dictionary
• accounting, finance, compliance