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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.

Accounting Glossary

Learn about the accounting terms that all small business owner needs

Ready to run your business better with QuickBooks Online

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Run your business
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Features that help you run your business

Invoicing
Invoicing

Create professional custom invoices, send payment reminders, and match payments to invoices, automatically.

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Expenses
Expenses

Be prepared for the tax season with all your expenses organised in one place.

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Payroll
Bank feeds

Save time and reduce errors when you connect your bank to get a full view of your finances.


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VAT
VAT

Easily organise expenses into tax categories and track VAT on income and expenses, so you know where you stand and how much you owe.


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Capture and organise receipts
Capture and organise receipts

Use your phone to take photos of receipts. Match these to expenses to stay organised and ready for tax season with everything in one place.


Payment
Mobile app

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

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Insights and reports
Insights and reports

See how your business is doing and get an advance snapshot for 90 days ahead, with a range of popular reports and the cash flow planner.

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Inventory
Inventory

Stay on top of your orders and quantities while managing your inventory in real-time.


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Multi-currency support
Multi-currency support

Send invoices, record transactions and adjust reports in different currencies and assign specific currencies to each customer.

Security
Security

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

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Manage cash flow
Manage cash flow

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

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Switch to QuickBooks
Switch to QuickBooks

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

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See what QuickBooks can do for your business.