We work with small business owners across Melbourne and beyond.
Definitions
OUR PEOPLE
Accounting Definitions
- A
- Audit Trail
- Audit Shield
- Audit
- Australian Taxation Office (ATO)
- Assets
- Australian Securities and Investments Commissioner (ASIC)
- Arrears
- Appropriations
- Annual Review
- Amortisation
- Aging
- Australian Company Numbers (ACN)
- Accumulated Depreciation
- Accruals
- Accounts Receivable
- Accounts Payable
- Australian Business Registry Services (ABR’s)
- Australian Business Number (ABN)
- B
- Break Even Analysis
- Bookkeeping
- Benchmark
- Business Activity Statement (BAS)
- Bankrupt
- Balance Sheet
- Bad debt
- C
- Company Tax Return (CTR)
- Credit Note
- Credit
- Certified Public Accountant (CPA)
- COVIDSafe Plan
- Cost based pricing
- Corporate Register
- Contingent Liability
- Compound Interest
- Cost of Goods Sold (COGS)
- Closing the books
- Chattel mortgage
- Chart of Accounts
- CGT – Capital Gains Tax
- Cash Flow
- CAS360
- Capital
- Chartered Accountant (CA)
- D
- Drawings
- Double-Entry Bookkeeping
- Dividends
- Director Identification Number (Director ID)
- Depreciation
- Deferred Income
- Deferred Expenditure
- Debit
- G
- Goods and Services Tax (GST)
- Gross Profit
- Gross Margin
- Goodwill
- General Ledger
- Generally Accepted Accounting Principles (GAAP)
- I
- Individual Tax Return (ITR)
- Investment
- Inventory
- Interest
- Income Statement
- Income
- Instalment Activity Statement (IAS)
- P
- Profit Margin
- Present Value
- Premium
- Preference Shares
- Petty Cash
- Payroll
- Pay As You Go (PAYG)
- Partnership
- P & L – Profit and Loss Statement
- R
- Return on Investment (ROI)
- Risk
- Revenue
- Retained Earnings
- Replacement Cost
- Redeemable Shares
- Receipt
- Rebate