1099 Form
A 1099 form is a U.S. tax document used to report payments made to independent contractors and other non-employee payees.
Eprecus ERP is a cloud-based ERP software solution and unified business platform that helps organizations run finance, human resources, payroll, inventory, commerce, and reporting from one enterprise resource planning system.
Search structured definitions, practical explanations, and related business terms for HR, payroll, accounting, finance, and operational control.
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.
A 1099 form is a U.S. tax document used to report payments made to independent contractors and other non-employee payees.
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 measures the percentage of scheduled work time employees miss over a defined period.
Accrual basis accounting recognizes revenue when earned and expenses when incurred, regardless of when cash is received or paid.
accrued rent income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
accrued revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
accumulated other comprehensive income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
Asset turnover ratio measures how efficiently the business uses its asset base to generate revenue.
budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
budget variance is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
budgetary slack is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
budgeted balance sheet is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
budgeted capacity is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
capital budgeting is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
capital maintenance approach in determining net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
capital maintenance approach to net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
comprehensive income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
continuous budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
contra revenues account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
Cost of sales is the direct cost matched to revenue and is often used interchangeably with cost of goods sold depending on industry and reporting style.
current year's net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
Deferred revenue, also called unearned revenue, is the liability created when a customer pays before the business has delivered the promised goods or services.
differential revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
fixed manufacturing overhead budget variance is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
fixed overhead budget variance is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
flexible budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
Gross margin is the percentage of revenue remaining after deducting cost of goods sold or direct cost of sales.
Gross profit is revenue minus cost of goods sold or direct cost of sales, before operating expenses are deducted.
An income statement is the financial statement that reports revenue, expenses, and profit or loss for a reporting period.
incremental revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
interest income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
interest revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
Internal Revenue Service (IRS) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
investment revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
IRS stands for the Internal Revenue Service, the U.S. federal tax authority.
marginal revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
Matt Jones, Current year net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
Net income is the profit remaining after all operating costs, financing costs, taxes, and other recognized expenses have been deducted from revenue.
nonoperating income/revenue is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
A profit and loss statement summarizes revenue, costs, and expenses to show whether the business made a profit or loss.
P & L stands for profit and loss statement, the financial statement that summarizes revenue, expenses, and profit.
pro forma income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
Revenue recognition is the accounting rule that determines when revenue should be recorded in the financial statements.
R. Smith, Current Year Net Income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
rent revenue/income is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
revenue expenditure is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
revenue recognition principle is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
revenues is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
revenues and gains is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
revenues from service charges is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
rolling budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
rolling horizon budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
sales revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
service charge revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
service revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
static budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
transaction approach to determining net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
unearned premium revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
unearned revenue(s) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
year-to-date net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
zero-based budgeting is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
