Accounting Glossary

Learn about Accounts Payable, its role in managing short-term liabilities, and its impact on cash flow. Explore AP with Xenett’s detailed accounting glossary.

Understand Accounts Receivable 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 recognizing revenue and expenses when earned. Learn its role in financial reporting with Xenett’s accounting 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 how to track financial transactions and maintain business records. Explore more with Xenett’s simplified 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 tracks a company's incoming and outgoing funds. Explore its role in financial health with Xenett’s accounting glossary.

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

Learn what credit means in accounting and how it’s used in recording transactions. Explore how businesses apply credit entries with Xenett’s clear glossary.

Understand current assets and their importance on a company’s balance sheet. Explore key components with Xenett’s detailed accounting glossary.

Learn how debits are used in accounting to record transactions and their effect on financial statements. Explore more with Xenett’s accounting glossary.

Understand depreciation and how it reduces asset value over time. Learn how businesses record it with Xenett’s clear and comprehensive accounting glossary.

Learn what dividends are and how they share a company’s profits with shareholders. Discover their impact on financials 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, their various types, and how they impact profitability with Xenett’s easy-to-understand accounting glossary.

Learn how financial accounting helps businesses manage and report performance. Explore key concepts in Xenett’s detailed and easy-to-understand glossary.

Learn about fixed assets, their long-term value to a company, and how they appear on the balance sheet. Explore more with Xenett’s accounting glossary.

Explore the general ledger core to any accounting system. Learn how it records all financial transactions with clarity in Xenett’s accounting glossary.

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

Learn how an income statement reveals a company’s revenues and expenses. Discover its key role in reporting with Xenett’s clear 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.

Discover how journal entries record financial transactions in the general ledger. Explore Xenett’s clear and concise glossary for easy accounting insights.

Understand current and long-term liabilities and how they impact the balance sheet. Dive deeper with Xenett’s clear, detailed, and comprehensive accounting glossary.

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

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

Understand market value and how it reflects an asset’s or company’s current price. Learn its role 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, the key process for managing employee wages and deductions. Learn how businesses track payroll with Xenett’s detailed accounting glossary.

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

Understand the quick ratio, measuring a company’s ability to cover short-term liabilities with its most liquid assets. Learn more with Xenett’s glossary.

Learn about returns in accounting and how they measure investment profitability. Explore key return metrics with Xenett’s comprehensive accounting glossary.

Explore revenue the income earned from business operations. Learn how it’s recorded in financial statements with Xenett’s easy-to-understand glossary.

Understand shareholders' equity as 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 ledger accuracy, and its importance in financial statements with Xenett’s helpful glossary.

Understand turnover in accounting how it shows business efficiency and affects sales and inventory. Discover more with Xenett’s comprehensive glossary.

Learn about unearned revenue, how it reflects payments received before delivering goods or services, and how it's accounted for with Xenett’s detailed glossary.

Explore variable costs and how they fluctuate with production levels. Learn their impact on pricing and profitability with Xenett’s detailed glossary.

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

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

Explore zero-based budgeting a method that starts from scratch and justifies every expense. See how it enhances financial planning with Xenett’s glossary.