Whether you want to start a business, already have a start-up or want to better understand and communicate with your accountant, there are numerous terms that you would come across. It can be overwhelming to understand the language of accounting. So we have put together the following guide of basic accounting terms and definitions. By understanding these terms better, business owners can know more about their financial records. They can also help when interacting with your accounting firm or any accounting software used in the business.

There are many more terms and definitions that could be helpful to you and your business. It is worth finding definitions to terms that you may not recognise. Our services aim to improve your business in its journey to success. Enquire today for all your Accounting and Advisory needs.