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Accounting Terms You Should Know

Patriot Software

You may not know many terms used in accounting. To better understand your business’s finances, you may want to review a few basic accounting terms. To help you get started, below are explanations of common accounting terms. Common accounting terms Review […] READ MORE.

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A look at some key accounting terms (and glossary) for the not-for-profit sector

Accounting for Good

The post A look at some key accounting terms (and glossary) for the not-for-profit sector first appeared on ACCOUNTING FOR GOOD.

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Bookkeeping and Accounting Terms: Relevant and Reliable Information

IgniteSpot

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Unlocking the Language of Accounting: Understanding Common Terms

SMBAccountant

Understanding these common accounting terms is essential for sound financial management and decision-making in business. Gross Profit and Gross Margin Gross profit represents total revenue minus the cost of goods sold, while gross margin measures the proportion of revenue that exceeds the cost of goods sold.

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What is an Overhead Expense?

MazumaBusinessAccounting

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. Their skills are varied and they have a wide variety of talents. With that end in mind, we’re sharing that expert knowledge with you.

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What is Surcharging?

Lockstep

Surcharging is an accounting term that refers to the practice of charging an additional fee for accepting a payment processed through a credit card. In this article, we’ll explore the concept of surcharging in more depth and outline some of the potential benefits for businesses.

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What Are Operating Costs?

MazumaBusinessAccounting

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. Their skills are varied and they have a wide variety of talents. With that end in mind, we’re sharing that expert knowledge with you.