{"id":283539,"date":"2024-10-15T19:02:38","date_gmt":"2024-10-15T07:02:38","guid":{"rendered":"https:\/\/www.reckon.com\/nz\/?page_id=283539"},"modified":"2026-01-28T13:09:52","modified_gmt":"2026-01-28T00:09:52","slug":"glossary-2","status":"publish","type":"page","link":"https:\/\/www.reckon.com\/nz\/glossary\/","title":{"rendered":"Accounting Glossary"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”HEADER” module_id=”header-plain” _builder_version=”4.16″ da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ custom_padding=”||35px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”Accounting Glossary” _builder_version=”4.21.0″ text_orientation=”center” width=”100%” width_tablet=”90%” width_last_edited=”off|tablet” module_alignment=”center” module_alignment_tablet=”” module_alignment_phone=”” module_alignment_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Accounting Glossary<\/h1>\n

Simplified definitions for small business owners. Your guide to understanding common accounting terminology.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.2″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”A” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

A<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What Does Accrued Mean” _builder_version=”4.21.0″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What does accrued mean?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is accounting?” _builder_version=”4.27.4″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is accounting?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What are accrued expenses?” _builder_version=”4.27.5″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What are accrued expenses?<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text disabled_on=”off|off|off” admin_label=”What are Assets?” _builder_version=”4.27.4″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What are assets?<\/strong><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is Amortisation?” _builder_version=”4.27.4″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is amortisation?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.2″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”B” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

B<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What Is a Balance Sheet?” _builder_version=”4.21.0″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is a balance sheet?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What Is business process outsourcing” _builder_version=”4.27.5″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is business process outsourcing?<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is bootstrapping?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is bootstrapping?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.2″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”C” _builder_version=”4.27.0″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

C<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What Is Cash Flow?” _builder_version=”4.21.0″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is cash flow?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is credit?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is credit?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is capital expenditure?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is capital expenditure?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is ceteris paribus?” _builder_version=”4.27.5″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is ceteris paribus?<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is capital?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is capital?\u200b<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is a cashflow statement?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is a cashflow statement?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is current ratio?” _builder_version=”4.27.5″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is current ratio?<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.2″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”D” _builder_version=”4.27.0″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

D<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is debit?” _builder_version=”4.27.0″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is debit?<\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.20.2″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”E” _builder_version=”4.23.1″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

E<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is an Expense?” _builder_version=”4.23.1″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is an expense?<\/b><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is EBITDA?” _builder_version=”4.27.5″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is EBITDA?<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is equity?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is equity?<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.23.1″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” admin_label=”What is free cash flow?” _builder_version=”4.23.1″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”F” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

F<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What Are Fixed Assets?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What are fixed assets?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is free cash flow?” _builder_version=”4.23.1″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is free cash flow?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is a fixed cost?” _builder_version=”4.23.1″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is a fixed cost?
\n<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.23.1″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”G” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

G<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is Gross Profit?” _builder_version=”4.21.0″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is gross profit?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is Gross pay?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is gross pay?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is goodwill?” _builder_version=”4.27.5″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is goodwill?<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”How To Calculate Gross Profit Margin?” _builder_version=”4.21.0″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

How to calculate gross profit margin?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is gross profit margin?” _builder_version=”4.27.5″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is gross profit margin?<\/strong><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”Gross vs net income” _builder_version=”4.27.5″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

Gross vs net income<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.23.1″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”I” _builder_version=”4.23.1″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

I<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is an invoice?” _builder_version=”4.23.1″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is an invoice?<\/b><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is inventory?” _builder_version=”4.27.5″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is inventory?<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What are intangible assets?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What are intangible assets?<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.5″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”J” _builder_version=”4.23.1″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

J<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is a journal entry?” _builder_version=”4.23.1″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is a journal entry?<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.5″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”K” _builder_version=”4.27.5″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

K<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is a key performance indicator (KPI)?” _builder_version=”4.27.5″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is a key performance indicator (KPI)?<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.5″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”L” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

L<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is a Ledger?” _builder_version=”4.21.0″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is a ledger?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is a liability?” _builder_version=”4.23.1″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is a liability?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is liquidity?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is liquidity?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.5″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”L” _builder_version=”4.23.1″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

M<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is marginal cost?” _builder_version=”4.23.1″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]What is marginal cost?
\n<\/a><\/strong>[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is markup?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is markup?
<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.5″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”N” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

N<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”How To Calculate Net Profit ” _builder_version=”4.21.0″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

How to calculate net profit?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What are non-current assets?” _builder_version=”4.27.5″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” hover_enabled=”0″ global_colors_info=”{}” min_height=”27.8px” sticky_enabled=”0″]<\/p>\n

What are non-current assets?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is net worth? ” _builder_version=”4.27.5″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

What is net worth?<\/strong><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is net?” _builder_version=”4.27.5″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

What is net?<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”Net Profit Vs Gross Profit” _builder_version=”4.21.0″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

Net profit vs gross profit<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”How to calculate net profit?” _builder_version=”4.27.5″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

How to calculate net profit?<\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is net income?” _builder_version=”4.27.5″ text_font=”|700|||||||” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is net income?<\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.5″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”O” _builder_version=”4.27.4″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}” width=”100%”]<\/p>\n

O<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is an operating expense?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}” custom_padding=”|||60px||”]<\/p>\n

What is an operating expense?<\/strong><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is operations management” _builder_version=”4.27.5″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}” custom_padding=”|||60px||”]<\/p>\n

What is operations management?<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is an overhead?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}” width=”100%” custom_padding=”|||125px||”]<\/p>\n

What is an overhead?<\/strong><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.5″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.23.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”P” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

P<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What Is Profit?” _builder_version=”4.21.0″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is profit?<\/a><\/strong><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What Is petty cash?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is petty cash?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”How to Calculate Profit Margin (with formula)?” _builder_version=”4.21.0″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

How to calculate profit margin (with formula)?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.27.5″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.23.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”R” _builder_version=”4.27.4″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

R<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What are retained earnings?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What are retained earnings?
<\/b><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is return on investment?” _builder_version=”4.27.5″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is return on investment?
<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is revenue?” _builder_version=”4.27.5″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is revenue?
<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.21.0″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.23.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”T” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

T<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What are trade creditors?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What are trade creditors?
<\/b><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What are tax deductions?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What are tax deductions?
<\/b><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is tax?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is tax?
<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.23.1″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is a Trial Balance?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is a trial balance?<\/b><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What are trade debtors?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What are trade debtors?
<\/b><\/a><\/p>\n

[\/et_pb_text][et_pb_text admin_label=”What is turnover?” _builder_version=”4.27.4″ text_font=”|700|||||||” text_font_size=”18px” link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is turnover?
<\/b><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.21.0″ background_color=”#FFFFFF” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”W” _builder_version=”4.20.2″ header_2_text_align=”left” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

W<\/h2>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What Is Working Capital?” _builder_version=”4.21.0″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is working capital?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”What is write off?” _builder_version=”4.27.4″ link_font=”|700|||||||” link_font_size=”18px” global_colors_info=”{}”]<\/p>\n

What is write off?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_id=”features” _builder_version=”4.21.0″ background_color=”#efefef” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.2″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”Disclaimer” _builder_version=”4.21.0″ global_colors_info=”{}”]<\/p>\n

Disclaimer<\/strong>
This glossary is intended for small business owners and contains definitions suited to their needs. For more comprehensive explanations, we recommend consulting an accounting or bookkeeping professional. Reckon does not offer accounting, tax, business, or legal advice.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_class=”cta” _builder_version=”4.16″ da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”3_5″ _builder_version=”4.16″ pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ background_layout=”dark” text_orientation_tablet=”center” text_orientation_phone=”” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

Try Reckon One now for free!<\/h2>\n

30 days free trial. Cancel anytime.[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.16″ pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_button button_url=”https:\/\/www.reckon.com\/nz\/accounting-software\/#pricing” button_text=”Try Reckon One now” button_alignment=”center” _builder_version=”4.16″ custom_margin=”0px||||false|false” custom_margin_tablet=”35px||||false|false” custom_margin_phone=”” custom_margin_last_edited=”on|desktop” saved_tabs=”all” global_colors_info=”{}”][\/et_pb_button][et_pb_text _builder_version=”4.20.1″ _module_preset=”default” text_orientation=”center” locked=”off” global_colors_info=”{}”]Switch to Reckon One for free<\/a>
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Accounting Glossary Simplified definitions for small business owners. Your guide to understanding common accounting terminology.A What does accrued mean?What is accounting?What are accrued expenses?What are assets?What is amortisation?B What is a balance sheet?What is business process outsourcing?What is bootstrapping?CWhat is cash flow?What is credit?What is capital expenditure?What is ceteris paribus?What is capital?\u200bWhat is a cashflow […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"difl_page_category":[],"class_list":["post-283539","page","type-page","status-publish","hentry"],"yoast_head":"\nAccounting Glossary | Terms & Definitions | Reckon NZ<\/title>\n<meta name=\"description\" content=\"Easy to understand accounting glossary and terminology. Check out our simple, jargon-free definitions for small business owners!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.reckon.com\/nz\/glossary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accounting Glossary\" \/>\n<meta property=\"og:description\" content=\"Easy to understand accounting glossary and terminology. Check out our simple, jargon-free definitions for small business owners!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.reckon.com\/nz\/glossary\/\" \/>\n<meta property=\"og:site_name\" content=\"Reckon NZ\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/reckonhq\/\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-28T00:09:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2025\/01\/Short-Logo-copy.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@ReckonHQ\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/glossary\\\/\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/glossary\\\/\",\"name\":\"Accounting Glossary | Terms & Definitions | Reckon NZ\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/#website\"},\"datePublished\":\"2024-10-15T07:02:38+00:00\",\"dateModified\":\"2026-01-28T00:09:52+00:00\",\"description\":\"Easy to understand accounting glossary and terminology. Check out our simple, jargon-free definitions for small business owners!\",\"inLanguage\":\"en-NZ\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.reckon.com\\\/nz\\\/glossary\\\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/#website\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/\",\"name\":\"Reckon NZ\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-NZ\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/#organization\",\"name\":\"Reckon NZ\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-NZ\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/Short-Logo-copy.png\",\"contentUrl\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/Short-Logo-copy.png\",\"width\":800,\"height\":800,\"caption\":\"Reckon NZ\"},\"image\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/nz\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/reckonhq\\\/\",\"https:\\\/\\\/x.com\\\/ReckonHQ\",\"https:\\\/\\\/www.instagram.com\\\/reckonhq\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/reckon\\\/\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/Reckonltd\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Reckon_(company)\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Accounting Glossary | Terms & Definitions | Reckon NZ","description":"Easy to understand accounting glossary and terminology. Check out our simple, jargon-free definitions for small business owners!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.reckon.com\/nz\/glossary\/","og_locale":"en_US","og_type":"article","og_title":"Accounting Glossary","og_description":"Easy to understand accounting glossary and terminology. Check out our simple, jargon-free definitions for small business owners!","og_url":"https:\/\/www.reckon.com\/nz\/glossary\/","og_site_name":"Reckon NZ","article_publisher":"https:\/\/www.facebook.com\/reckonhq\/","article_modified_time":"2026-01-28T00:09:52+00:00","og_image":[{"width":800,"height":800,"url":"https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2025\/01\/Short-Logo-copy.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@ReckonHQ","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.reckon.com\/nz\/glossary\/","url":"https:\/\/www.reckon.com\/nz\/glossary\/","name":"Accounting Glossary | Terms & Definitions | Reckon NZ","isPartOf":{"@id":"https:\/\/www.reckon.com\/nz\/#website"},"datePublished":"2024-10-15T07:02:38+00:00","dateModified":"2026-01-28T00:09:52+00:00","description":"Easy to understand accounting glossary and terminology. Check out our simple, jargon-free definitions for small business owners!","inLanguage":"en-NZ","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.reckon.com\/nz\/glossary\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.reckon.com\/nz\/#website","url":"https:\/\/www.reckon.com\/nz\/","name":"Reckon NZ","description":"","publisher":{"@id":"https:\/\/www.reckon.com\/nz\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.reckon.com\/nz\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-NZ"},{"@type":"Organization","@id":"https:\/\/www.reckon.com\/nz\/#organization","name":"Reckon NZ","url":"https:\/\/www.reckon.com\/nz\/","logo":{"@type":"ImageObject","inLanguage":"en-NZ","@id":"https:\/\/www.reckon.com\/nz\/#\/schema\/logo\/image\/","url":"https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2025\/01\/Short-Logo-copy.png","contentUrl":"https:\/\/www.reckon.com\/nz\/wp-content\/uploads\/2025\/01\/Short-Logo-copy.png","width":800,"height":800,"caption":"Reckon NZ"},"image":{"@id":"https:\/\/www.reckon.com\/nz\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/reckonhq\/","https:\/\/x.com\/ReckonHQ","https:\/\/www.instagram.com\/reckonhq\/","https:\/\/www.linkedin.com\/company\/reckon\/","https:\/\/www.youtube.com\/user\/Reckonltd","https:\/\/en.wikipedia.org\/wiki\/Reckon_(company)"]}]}},"_links":{"self":[{"href":"https:\/\/www.reckon.com\/nz\/wp-json\/wp\/v2\/pages\/283539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.reckon.com\/nz\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.reckon.com\/nz\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.reckon.com\/nz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reckon.com\/nz\/wp-json\/wp\/v2\/comments?post=283539"}],"version-history":[{"count":0,"href":"https:\/\/www.reckon.com\/nz\/wp-json\/wp\/v2\/pages\/283539\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.reckon.com\/nz\/wp-json\/wp\/v2\/media?parent=283539"}],"wp:term":[{"taxonomy":"difl_page_category","embeddable":true,"href":"https:\/\/www.reckon.com\/nz\/wp-json\/wp\/v2\/difl_page_category?post=283539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}