Menu Try Xero for free Log in Accounting glossary Basic small business accounting and bookkeeping terms and how-tos. Check out our definitions that won’t hurt your brain. And find related terms and resources. A Accounting software Accounts payable Accounting period Accounts receivable Accrual accounting Accruals B Bank reconciliations Basis of accounting Bookkeeping vs accounting Business accounting C Cash accounting Cash flow management Cash flow statement Cash vs accrual accounting Chart of accounts Commercial invoice F Financial management Financial reporting Financial statement Fiscal year Fixed assets G Gross profit Gross profit (calculate) Gross profit vs Net profit Gross profit margin Gross profit margin (calculate) I Invoice J Journal entry L Ledger M Margin vs Markup Mark up Mark up (calculate) N Net profit Net profit (calculate) Net profit margin Net profit margin (calculate) O Operating profit Operating profit (calculate) P Payslips Profit & loss statement Profit Profit (calculate) Profit margin Profit margin (calculate) S Sole proprietorship T Tax deduction Trial balance W Working capital Run your business smarter with Xero. Online accounting made for small businesses. Try Xero for free Beautiful business Features Plans For small business For accountants & bookkeepers Xero for you App developers Investors Media Careers Our products See all features of Xero Products for accountants & bookkeepers Explore the Xero App Store About Xero Our company Social & environmental impact Contact us Run your business & understand accounting Small business guides Accounting glossary Find an accountant or bookkeeper Keep up to date with Xero Product updates Blog Support to set up or use Xero Get support Take a course More about running your business Resources © 2021 Xero Limited. All rights reserved. "Xero" and "Beautiful business" are trademarks of Xero Limited. Legal Privacy notice Region: Global (USD) We use cookies to give you a better experience. Check out our cookie notice for more information OK