1099 Form
A 1099 form is a U.S. tax document used to report payments made to independent contractors and other non-employee payees.
Resources
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.
Visible terms
25
Indexed terms
1,922
Dictionary types
2
Showing 25 result(s) for "liabilities".
Featured
Recommended dictionary terms
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.
Current view
Filtered by search term 'liabilities'
Letters available
14
A
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
accrued payroll
accrued payroll is a payroll accounting term used to record employee compensation, withholdings, tax obligations, or payroll liabilities.
The Accountant's Dictionary
• accounting, finance, payroll
B
Balance Sheet
A balance sheet is the financial statement that shows the business's assets, liabilities, and equity at a specific point in time.
The Accountant's Dictionary
• accounting, finance, financial-statements
C
current liabilities
Current liabilities are obligations due within the next twelve months or operating cycle.
The Accountant's Dictionary
• accounting, finance, liquidity
current ratio
Current ratio measures short-term liquidity by comparing current assets to current liabilities.
The Accountant's Dictionary
• accounting, finance, ratios
D
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
F
Federal Insurance Contributions Act (FICA)
Federal Insurance Contributions Act (FICA) is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance, payroll
H
health insurance expense: delivery
health insurance expense: delivery is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
health insurance expense: selling & admin
health insurance expense: selling & admin is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
health insurance expense: warehouse
health insurance expense: warehouse is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
I
L
liabilities
liabilities is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
long-term liabilities
long-term liabilities is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
N
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
noncurrent liabilities
noncurrent liabilities is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
O
old-age, survivor, and disability insurance (OASDI)
old-age, survivor, and disability insurance (OASDI) is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance, payroll
other current liabilities
other current liabilities is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
P
payroll accrual
payroll accrual is a payroll accounting term used to record employee compensation, withholdings, tax obligations, or payroll liabilities.
The Accountant's Dictionary
• accounting, finance, payroll
payroll withholdings
payroll withholdings is a payroll accounting term used to record employee compensation, withholdings, tax obligations, or payroll liabilities.
The Accountant's Dictionary
• accounting, finance, payroll
prepaid insurance
prepaid insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
S
self insurance
self insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
T
term insurance
term insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
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
whole life insurance
whole life insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
worker compensation insurance
worker compensation insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance