General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

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General accounting

account reconcilement

Accounting; General accounting

Comparing an account statement (or bank statement) with one's own accounting records, to detect any discrepancies that may indicate leakage of cash, slack accounting controls, or an error.

account rendered

Accounting; General accounting

In an account statement, balance or item for which details were provided in a previous statement.

account settlement

Accounting; General accounting

The summary of a firm's financial operations over a fiscal period that includes key figures and metrics which provide investors a clearer picture of its financial health.

account statement

Accounting; General accounting

The Summary of all transactions with a customer or a supplier that occurred over the previous month, quarter, etc., and their effect on an open-account balance. Also called a statement of account.

The name applied to an account that is used by accountants and managers to refer to it. Accounts generally have numerical designations for easier management, particularly when an organization has a ...

account type

Accounting; General accounting

A name or code given to an account that indicates the account's purpose. For example, the account type could be linked to a brokerage account, checking account or savings account.