Bookkeeping glossary
Use this glossary for direct, practical explanations of bookkeeping and accounting terms. Each definition includes why the concept matters and what to review in the underlying records.
Bookkeeping
Bookkeeping explained in plain language, with practical bookkeeping context and related terms.
Bank Reconciliation
Bank Reconciliation explained in plain language, with practical bookkeeping context and related terms.
Chart of Accounts
Chart of Accounts explained in plain language, with practical bookkeeping context and related terms.
Accrual Accounting
Accrual Accounting explained in plain language, with practical bookkeeping context and related terms.
Cash Accounting
Cash Accounting explained in plain language, with practical bookkeeping context and related terms.
Job Costing
Job Costing explained in plain language, with practical bookkeeping context and related terms.
Retainage
Retainage explained in plain language, with practical bookkeeping context and related terms.
Unearned Revenue
Unearned Revenue explained in plain language, with practical bookkeeping context and related terms.
Accounts Receivable
Accounts Receivable explained in plain language, with practical bookkeeping context and related terms.
Accounts Payable
Accounts Payable explained in plain language, with practical bookkeeping context and related terms.
General Ledger
General Ledger explained in plain language, with practical bookkeeping context and related terms.
Double Entry Bookkeeping
Double Entry Bookkeeping explained in plain language, with practical bookkeeping context and related terms.
Trial Balance
Trial Balance explained in plain language, with practical bookkeeping context and related terms.
Month-End Close
Month-End Close explained in plain language, with practical bookkeeping context and related terms.
Accrual Versus Cash Accounting
Accrual Versus Cash Accounting explained in plain language, with practical bookkeeping context and related terms.