Category:Bookkeeping
From Eurêka
Bookkeeping
Bookkeeping Process of keeping the accounts of money of a business company, a public office, etc.
- Bookkeeper Person who records financial and other business entries for a business.
Account Record or statement of money received and paid out, as by a bank or business, especially for a particular period or at a particular date.
Books All the ledgers in a business.
- Books of first entry (Books of original entry; Books of prime entry) Day books or journals in which are entered the day-to-day accounts of a firm as they develop. These form the basis for the ledgers which are written up later.
- Books of final entry Those account books/ledgers in which are finally entered the totals of debits and credits initially recorded in the books of first entry.
On the books Information that is recorded in official accounting records.
- Off the books Transactions usually involving barter or cash that are not recorded, often to evade paying taxes.
Ledger
Ledger Account book recording the gains of money spent by a business, bank, etc.
- Nominal ledger
- Personal ledger
- Self-balancing ledger Personal ledger that contains a control account.
- Private ledger
- Cash book
Book credit (Book accounts; Open book accounts) Ledger items that represent obligations no secured by notes to other collateral.
General ledger Formal accounts of a business.
Double-entry bookkeeping Form of bookkeeping in which the name of the account is written across the top of the ledge page and a vertical line splits the page beneath it into credit and debit columns.
- T account (Skeleton account) Standard form of account used in double-entry bookkeeping.
Self-balancing Debit side of accountable items is equal to the credit side.
Finding the balance Process of making sure all entries in accounts have been properly completed.
Trading account Income from sales and deductions from them, together with the cost of buying goods and/or putting them into condition for sale. The final figure is the gross profit on trading which is transferred to the Profit and Loss Account.
Profit and loss account
Blind figure Figure that has been entered by hand into a ledger and written so badly that it is hard to distinguish, e.g. a 1 for a 7.
Invoice Bill outlining exactly what services or products were provided and how much each cost.
