Small business accounting: 10 terms you need to know Master accounting language that can help you confidently manage your small business finances. Updated Fri, Jun 27 2025 ...

Accounting terms -- such as labor, overhead and materials -- are designed to eliminate uncertainty, allowing the same transaction to be analyzed in the same manner by multiple parties.

IMGCAP(1)]Over the course of more than 40 years in practice and teaching both undergraduate and graduate accounting students, I have encountered some interesting, sometimes humorous definitions of ...

While many accounting terms apply, regardless of the type of business you run, some terms are specific to the merchandising industry. Take the time to understand the terms and what they mean, ...

Understanding payment terms is essential for small businesses to ensure timely payments and maintain healthy cash flow. By setting clear expectations with customers, businesses can improve their ...

VideoStudents graduate college with accounting degrees, but that doesn’t mean they’re ready to be accountants. I spoke with Ben Mulling, CMA, CPA, CITP, who became CFO of TENTE Casters Inc. at ...

Accounting History and Terminology. By. The Investopedia Team. Full Bio. Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers ...

To better advise their clients, in-house counsel should understand key accounting principles and steps in the accounting cycle, including journal entries, the general ledger, trial balances ...

How a Common Accounting Rule Leads to More Layoffs and Less Job Training Because employees don’t have value in accounting terms, they can’t be considered assets. They can only be costs.