Accounting Definitions

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Accounting Definitions Page

ABN lookup

This is an internet database containing the ABN details of sole traders,…
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Accessibility

Accessibility is the practice of ensuring that websites and physical businesses are…
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Accounts Payable

Accounts payable are any unpaid invoices, bills, or other liabilities that have…
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Accounts Receivable

Any payments expected from clients that have already received their goods or…
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Accounts receivable finance

Accounts receivable finance is when a company buys out a debt or…
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Accrual accounting

Accrual accounting is an accounting system where transactions are recorded when the…
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Acquiree

When a business is taken over in an acquisition, that business is…
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Acquirer

When a business is acquired and becomes an acquiree, the entity that…
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Acrobat Reader

Acrobat Reader is a software package for reading pdf files. It is…
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ADSL

Asymmetric digital subscriber line. ADSL uses copper wires to provide internet and…
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Agency

When an entity uses another organisation to provide a service, that other…
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Amortisation

When an asset is written off over a period of time, the…
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Anti-dumping

Anti-dumping laws ensure that imported goods cannot be sold at unfairly low…
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Apps

Short for applications, apps are any programme that you use on a…
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Assets

Any items of value that a business entity owns are considered assets.…
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Audit

Audits are carried out by licensed officials called auditors to verify the…
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AusIndustry

This is part of the Australian Department of Industry. It was established…
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Australian Business Number (ABN)

All businesses in Australia are issued an ABN by the ATO. It…
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Australian Business Register (ABR)

The ABR stores information and details of Australian businesses and entities.
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