Accounting glossary
FreeAgent's Chief Accountant Emily Coltman provides you with an easy A-Z of accounting terms.
A
- AISP
- Accounting software
- Accounting system
- Accounting year
- Accounts payable
- Accounts receivable
- Accrual
- Accruals basis accounting
- Aged creditors report
- Aged debtors report
- Amortisation
- Annual Investment Allowance
- Annual return
- Articles of association
- Asset accounts
- Assets
- Audit trail
- Auto-enrolment
- Autumn Budget
B
C
- CEST
- CMA9
- CT600
- Capital Gains Tax
- Capital accounts
- Capital allowances
- Capital asset
- Cash accounting for VAT
- Cash basis accounting
- Cashflow
- Cashflow forecast
- Chart of accounts
- Close company
- Closing balance
- Cloud accounting
- Companies House
- Company Tax Return
- Company director
- Company start date
- Competition and Markets Authority
- Confirmation statement
- Construction Industry Scheme (CIS)
- Consumable item
- Contra account
- Coronavirus Job Retention Scheme
- Coronavirus Statutory Sick Pay Rebate Scheme
- Corporation Tax
- Costs
- Costs of sales
- Credit
- Credit control
- Credit note
- Credit score
- Creditor
- Crowdfunding
- Current asset
- Current liability
- Current ratio
- Customer concentration
D
E
G
K
M
P
S
- SA302
- SIC code
- SME
- Sales ledger
- Scottish rate of Income Tax
- Self Assessment
- Self-Employment Income Support Scheme (SEISS)
- Self-certified mortgage
- Shareholder
- Small business rate relief
- Sole trader
- Solvency ratio
- Spreadsheet Phil
- Spring Statement
- Startup
- State Pension
- Statement of financial position
- Statutory Maternity Pay
- Statutory Sick Pay
- Stock
- Strong Customer Authentication
- Sundries
- Suspense account
