Accounting Dictionary – Accountant Speak in plain English

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Accounting Basics

Most accountants speak a different language to business owners. Here at Finance Cornerstone we try to be different by trying to explain everything in plain English (a bit like a dictionary :) ). There can be times where things are a little difficult to get your head around so with that in mind we’ll try and mix things up a little by doing some as video tutorials.
We hope you find our explanations useful and if you do have any questions please feel free to leave them in comments.
You’ll find each topic below links to it’s own page (or they will eventually!).

Accruals & The Accruals Concept
Assets
Balance Sheet
Bank Reconciliation
Cashflow
Corporation Tax
Credit
Creditors
Current Assets
Debit
Debtors
Depreciation
Director
Dividend
Double Entry
Employee
Equity
Fixed Assets
Government Gateway
Gross Profit
Incorporation
Journal
Liabilities
Matching Concept
Minutes
National Insurance
Net Book Value
Net Profit
PAYE
Payroll
Prepayments
Profit & Loss
Purchase Order
Revenue
Secretary
Self Assessment
Shareholder
Shares
Taxes
Trial Balance
VAT
Year End
Zzzzzzzzzzzzz…

We’d love to hear your thoughts on our accounting dictionary. If you feel we’ve missed something out or not explained something in enough details then please drop us an email or comment below :)