SALE

Get 70% off QuickBooks for 6 months

See plans and pricing
SALE

Get 70% off QuickBooks for 6 months

See plans and pricing

Accounting Glossary

Accounting Terms and Definitions

Learn core accounting terms and definitions to help your small business get to the next level. Check out our accounting glossary, and find related articles and resources.

A group of people working on packing products.
Need help choosing a plan?
Created with Sketch. 1800 917 771 Schedule a call
Need help?
We're here for you.
Schedule call
Created with Sketch.

Learn about the accounting terms that all small business owner needs

Capterra Logo

Capterra

4.5 Stars

4.3/5

GetApp Logo

GetApp

4.5 Stars

4.3/5

Join over

7 million

QuickBooks Customers Worldwide

Google Play Logo

Google Play

4.5 Stars

4.3/5

Apple Logo

App Store

4.5 Stars

4.7/5

Find a plan that’s right for you

Free unlimited support

No contract, cancel anytime

Simple Start
Build your financial foundation
1 user
Plus access for your accountant

Includes:
Intuit Intelligence
Chat for instant insights
limited queries per month
Delegate tasks to AI
Pre-lodgement check with GST AI
Checkmark Icon
Income and expenses
Checkmark Icon
Invoices and quotes
Essentials
Save time & focus on growth
3 users
Plus access for your accountant

Everything in Simple Start, and:
Intuit Intelligence
Easily share information with your accountant with Accounting AI
Checkmark Icon
Recurring transactions
Checkmark Icon
Multi-currency
Checkmark Icon
Supplier and bill management
Plus
Scale with greater clarity
5 users
Plus access for your accountant

Everything in Essentials, and:
Intuit Intelligence
Finds and fixes errors with Accounting AI
Sources leads & helps follow up with Customer AI
Checkmark Icon
Up to 40 classes and locations
Checkmark Icon
Project management
Checkmark Icon
Inventory tracking
Checkmark Icon
Budgeting
Unlock efficiency
Accelerate
Advanced
Boost efficiency & profitability
25 users
Plus access for your accountant

Everything in Plus, and:
Intuit Intelligence
Gives tailored financial insights with Finance AI
Pre-fills details to start work faster with Project Management AI
Checkmark Icon
Unlimited classes and locations
Checkmark Icon
Automated workflows
Checkmark Icon
Custom role permissions
Checkmark Icon
Custom reporting fields
Checkmark Icon
Data sync with Excel
Checkmark Icon
Backup and restore data

Compare all features

Simple Start
Essentials
Plus
Unlock efficiencyAccelerate
Advanced
Intuit Intelligence Icon
Intuit Intelligence
Chevron Icon
Intuit Intelligence chat
Beta
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Accounting AI
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
GST AI
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Customer AI
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Finance AI
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Project Management AI
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Accounting Icon
Accounting
Chevron Icon
Automated bookkeeping
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
GST tracking & e-lodge BAS
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Automated bank feeds
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Smart expense categorisation
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Multi-currency
Dash Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Anomaly detection and resolution
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Revenue recognition
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Fixed assets
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Classes and locations
Dash Icon
Dash Icon
Up to 40
Unlimited
Chart of Accounts
250
250
250
Unlimited
Expenses Icon
Expenses
Chevron Icon
Auto-match transactions
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Expense tracking
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Receipt capture
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Kilometre tracking
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Supplier and bill management
Dash Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Sales & Get Paid Icon
Sales & Get Paid
Chevron Icon
Quotes
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Invoice and payments
Unlimited
Unlimited
Unlimited
Unlimited
Recurring invoices
Dash Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Customer Hub Icon
Customer Hub
Chevron Icon
Customer management
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Notes and tasks management
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Reputation management
Dash Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Lead management
Dash Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Contract upload and e-signature
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Proposals
Beta
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Appointments
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Project Management Icon
Project Management
Chevron Icon
Project management
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Project profitability
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Inventory Icon
Inventory
Chevron Icon
Inventory tracking
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Purchase orders
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Sales orders
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Business Intelligence
Chevron Icon
Insights & reports
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Cash flow planner
Dash Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Budgeting
Dash Icon
Dash Icon
Checkmark Icon
Checkmark Icon
Forecasting
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Custom dashboards
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Custom report builder
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Custom fields
Dash Icon
4
4
12
Connected Platform
Chevron Icon
Data sync with Excel
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Users
1 user
3 users
5 users
25 users
User management and role permissions
Dash Icon
Basic
Basic
Custom
Workflow automation
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Mobile app
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Integrate with hundreds of apps
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Autosave with data protection
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Backup and restore data
Dash Icon
Dash Icon
Dash Icon
Checkmark Icon
Free onboarding session
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Phone & chat messaging support
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Free data migration
Dash Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Automated Payroll
Checkmark Icon
Checkmark Icon
Checkmark Icon
Checkmark Icon
Onboarding

Dive in with a
FREE 45-minute onboarding session

Sign up today and receive an expert-led onboarding session, designed to get you set up for success during your early days in QuickBooks Online.

T&Cs apply

Image Alt Text

Features

Invoicing icon
Invoicing

Create custom invoices with built-in payments and tracking. 

Learn more

Expenses
Expenses

Get set for tax time with all your expenses organised in one place.

Learn more

Payroll icon
Payroll

Manage Single Touch Payroll, super and all other ATO obligations in one place. 

Learn more

Payment icon
Payment

Make it convenient for customers to pay by credit, debit card or PayPal account. 

Learn more

GST & BAS icon
GST & BAS

Prepare and submit your BAS knowing exactly what you owe and when to pay. 

Learn more

Mobile App icon
Mobile App

Save time by running your business on-the go with your mobile device*.

Learn more

Insights and reports icon
Insights and reports

See how your business is doing, and how it could look in the next 90 days, with a range of popular reports and the cash flow planner.

Learn more

Security icon
Security

See how we keep your information safe and compliant at all times.

Learn more

Manage Cash Flow icon
Manage Cash Flow

Get a clear view of your cash flow with all your finances in one place. 

Learn more

Switch to QuickBooks icon
Switch to QuickBooks

Switch from Xero, Excel, MYOB or Reckon Desktop to QuickBooks Online. 

Learn more

Are you ready to change the way you manage your finances?

Get up and running with a free session with our experts

New to QuickBooks? Once you've signed up, book a free 45 minute onboarding session with one of our experts*.

They'll help you get set up, walk you through key features and answer your questions - your welcome email has all the details.

Image Alt Text