Financial Dictionary

Definitions and detailed explanations of financial terms focusing on accounting, tax, and bookkeeping.

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A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

A

Accountant
Accounting Period
Accounts Payable
Accounts Receivable
Accrued Expense
Adjusted Gross Income (AGI)
Annual Report
Asset

B

Balance Sheet
Bankruptcy
Book Value
Break Even Point

C

Capital
Capital Assets
Cash Basis Accounting
Cash Flow
Cash Management
Cash Ratio
Chart of Accounts
Compilation
Contingency Plan
Cost of Goods Sold
CPA
Credit

D

Debit
Debt to Equity Ratio
Depreciation
Double Entry Bookkeeping

E

EA
Equity
Estate Tax
External Audit

F

Financial Review
Financial Statement

G

GAAP: Generally Accepted Accounting Principles
General Ledger
Gross Margin
Gross Profit

I

Income Statement
Inheritance Tax
Intemized Deductions
Internal Audit
Internal Revenue Service (IRS)
Invoice
IRS Form 1040

L

Ledger
Liability
Long Term Capital Gains

N

Net Income
Net Loss

O

Offer in Compromise

P

Payroll
Profit Margin

R

Receipt
Retained Earnings

S

Sales Tax
Schedule C
Single Entry Bookkeeping

T

Tax Audit
Tax Bracket
Tax Evasion
Tax Fraud
Tax Liability
Tax Return

V

Variable Cost

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