Accounting Glossary

Learn about Accounts Payable (AP), its role in managing short-term liabilities, and how it impacts business cash flow. Explore AP with Xenett's comprehensive accounting glossary.

Understand Accounts Receivable (AR) and its role in tracking incoming payments from customers. Explore AR in-depth with Xenett’s easy-to-use accounting glossary.

Explore Accrual Basis Accounting, a key method in recognizing revenue and expenses when earned. Understand its role in financial reporting with Xenett's glossary.

Understand amortization in accounting, how it's used to spread out loan repayments, and its financial impact. Explore more with Xenett’s detailed glossary.

Learn how a Balance Sheet provides insight into a company's financial position. Discover key components of this financial statement with Xenett's accounting glossary.

Understand bookkeeping basics, including tracking financial transactions and maintaining business records. Learn more with Xenett’s simplified accounting glossary.

Learn the importance of budgeting in business financial planning. Understand how to manage income and expenses effectively with Xenett’s comprehensive glossary.

Understand cash flow and how it reflects a company's financial health by tracking incoming and outgoing funds. Explore this key concept with Xenett’s accounting glossary.

Explore Cost of Goods Sold (COGS) and how it affects gross profit. Learn how to calculate COGS and its role in financial statements with Xenett's accounting glossary.

Learn what credit means in accounting and its role in recording transactions. Explore how businesses use credit entries with Xenett’s clear and concise glossary.

Understand the definition of current assets and their significance in a company’s balance sheet. Explore key components with Xenett’s comprehensive accounting glossary.

Learn about debits in accounting, how they are used to record transactions, and their impact on financial statements. Explore more with Xenett’s detailed glossary.

Understand depreciation and its role in reducing the value of assets over time. Learn how businesses account for depreciation with Xenett's comprehensive glossary.

Learn what dividends are and how they distribute a company's profits to shareholders. Explore their significance in financial statements with Xenett’s accounting glossary.

Understand equity, the value remaining after liabilities are subtracted from assets, and its significance in accounting. Learn more with Xenett’s comprehensive glossary.

Explore the concept of expenses in accounting, including different types and how they affect profitability. Learn more with Xenett’s easy-to-understand glossary.

Understand financial accounting and how it helps businesses manage and report their financial performance. Learn key concepts with Xenett’s detailed accounting glossary.

Learn about fixed assets, their long-term role in a company, and how they are recorded on the balance sheet. Explore more with Xenett’s comprehensive accounting glossary.

Explore the general ledger and its role as the foundation of a company’s accounting system. Learn how it records all financial transactions with Xenett’s glossary.

Understand historical cost and how it's used to value assets at their original purchase price. Explore its role in accounting with Xenett’s detailed accounting glossary.

Learn how an income statement provides insight into a company's revenues and expenses. Explore its importance in financial reporting with Xenett’s accounting glossary.

Explore inventory management and its role in tracking stock, optimizing supply, and reducing costs. Learn more with Xenett’s easy-to-use accounting glossary.

Learn what journal entries are and how they record financial transactions in the general ledger. Explore more with Xenett’s clear and concise accounting glossary.

Understand liabilities, including current and long-term obligations, and their role in the balance sheet. Learn more with Xenett’s comprehensive accounting glossary.

Explore liquidity and how it measures a company’s ability to meet short-term obligations. Understand its significance in financial analysis with Xenett’s glossary.

Learn about margins, how they reflect profitability, and their role in financial analysis. Explore gross, net, and operating margins with Xenett’s accounting glossary.

Understand market value and how it reflects the current price of an asset or company. Learn its significance in business valuation with Xenett’s detailed glossary.

Learn how net income reflects a company's profitability after expenses. Explore its calculation and role in financial reporting with Xenett’s accounting glossary.

Understand operating expenses and how they impact a company’s profitability. Learn how to manage these costs effectively with Xenett’s comprehensive glossary.

Explore payroll, a crucial process for managing employee wages and deductions. Learn how businesses track payroll transactions with Xenett’s detailed accounting glossary.

Learn how a Profit and Loss Statement provides insight into a company’s financial performance by detailing revenues and expenses. Explore more with Xenett’s glossary.

Understand the quick ratio and how it measures a company’s ability to meet short-term liabilities with its most liquid assets. Learn more with Xenett’s glossary.

Learn about returns in accounting, including how they measure the profitability of an investment. Explore key return metrics with Xenett’s comprehensive glossary.

Explore revenue, the total income generated by a business from its operations. Learn how it’s recorded in financial statements with Xenett’s easy-to-use glossary.

Understand shareholders' equity and how it represents the owners' claim on a company's assets after liabilities. Learn more with Xenett’s detailed accounting glossary.

Learn about trial balance in accounting, its role in ensuring accuracy of the ledger, and its importance in preparing financial statements with Xenett’s glossary.

Understand turnover in accounting, how it reflects business efficiency, and its impact on sales and inventory. Explore more with Xenett’s comprehensive glossary.

Learn about unearned revenue, how it represents payments received before goods or services are delivered, and its treatment in accounting with Xenett’s glossary.

Explore variable costs and how they fluctuate with production levels. Understand their role in pricing strategies and profitability with Xenett’s detailed glossary.

Learn about working capital and how it measures a company’s liquidity and operational efficiency. Explore its calculation and importance with Xenett’s accounting glossary.

Learn what yield means in finance and how it measures the earnings generated by an investment. Explore different yield types with Xenett’s detailed accounting glossary.

Explore zero-based budgeting, a method of building a budget from scratch, focusing on justifying every expense. Learn how it optimizes financial planning with Xenett’s glossary.