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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13
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Showing 13 result(s) for "financial-reporting".
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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 'financial-reporting'
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8
A
accounts receivable - net
Accounts receivable net is the collectible value of receivables after deducting the allowance for doubtful or uncollectible accounts.
The Accountant's Dictionary
• accounting, finance, accounts-receivable
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
amortization
Amortization is the systematic allocation of an intangible asset, discount, premium, or deferred balance over time.
The Accountant's Dictionary
• accounting, finance, amortization
B
book value
Book value is the accounting value of an asset, liability, or equity interest as recorded in the financial statements.
The Accountant's Dictionary
• accounting, finance, asset-valuation
C
Chart of Accounts
A chart of accounts is the structured list of ledger accounts the business uses to classify transactions consistently for reporting and control.
The Accountant's Dictionary
• accounting, finance, gl-structure
D
Depreciation
Depreciation is the systematic allocation of a tangible fixed asset's cost over the periods that benefit from its use.
The Accountant's Dictionary
• accounting, finance, fixed-assets
F
Fixed Assets
Fixed assets are long-term tangible assets used in the business over more than one reporting period, such as equipment, vehicles, furniture, and buildings.
The Accountant's Dictionary
• accounting, finance, fixed-assets
G
General Ledger
The general ledger is the central accounting record that stores summarized financial activity by account across the entire business.
The Accountant's Dictionary
• accounting, finance, general-ledger
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
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
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