Accounting Database Software Key Terms
Use accounting database software key terms to locate the optimal tool for your purposesHaving a sound knowledge base of accounting database software key terms demonstrates keen business acumen. It demonstrates to others that you make it a priority to keep up with current technology and the accompanying vocabulary. Understanding accounting database software key terms gives you an edge over competitors as you share information with clients.
Personal computer (PC)
MacBusinesses sometimes purchase software for their Mac computers. The term Mac is short for Macintosh, a computer designed by Apple Inc.
AccountAn account is a formal record representing resources, transactions and financial information including claims and resources. An accounting database software program keeps track of various accounts.
Income tax basisThe income tax basis is a record of the amount paid for a particular asset, including improvements on the assets minus asset deductions for tax purposes.
Ohio State University Extension offers an in-depth explanation of tax basis. It offers charts of detailed anecdotal examples for further understanding.
Net assetsNet assets recorded in accounting database software include a total value of receivables, cash, securities and other assets over company liabilities.
Investor Glossary offers a detailed description of net assets.
Organization expendituresThis term refers to any costs used in business while setting up a trade or other profit activity before active business actually begins. Accounting database software keeps track of these expenses.
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