An accounting entry is a formal record that documents a transaction. In most cases, an accounting entry is made using the double entry bookkeeping system, which requires one to make both a debit and credit entry, and which eventually leads to the creation of a complete set of financial statements.
Example: We buy this from our supplier, and we have to make the account entry.
fr: Écritures comptable
Amortization
noun
An act or instance of amortizing a debt or other obligation.
Example: He didn't do the amortization of the field yet.
fr: Amortissement
Asset
noun
Total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities).
Example: My car is a part of my asset of my company.
fr: Actif
Balance sheet
noun
A tabular statement of both sides of a set of accounts in which the debit and credit balances add up as equal.
Example: We have to check if our balance sheet works.
fr: Bilan
Book value
noun
The value of a business, property, etc., as shown on a financial statement or established list.
Example: I have $4 000 of asset, and $2 000 of liability, so my book value is $2 000.
fr: Valeur comptable
Cash flow
noun
Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time.
Example: If, I sell something at $100, and I buy something at $150. My cash flow will be of $-50.
fr: Flux de trésorerie
Charts of account
noun
A chart of accounts (COA) is an index of all the financial accounts in the general ledger of a company.
Example: Every business who works with an accounting system, have a chart of accounts in the system.
fr: Plan comptable
Debt
noun
Something, typically money, that is owed or due.
Example: He have a lot of debt.
fr: Dette
Disbursement
noun
Amounts paid for goods and services that may be currently tax-deductible.
Example: It has a disbursement when we do a payment of the expense.
fr: Décaissement
Equity
noun
Equity is the value attributable to the owners of a business.
Example: The owner has $1 000 of equity in his business.
fr: Capitaux propres
Financial statements
noun
Financial statements are written records that convey the business activities and the financial performance of a company.
Example: Most of the businesses can do their financial statements every month.
fr: États financiers
Fixed asset
noun
The term fixed asset refers to a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income.
Example: My house is a fixed asset.
fr: Immobilisation corporelle
Intangible asset
noun
An intangible asset is an asset that is not physical in nature.
Example: Our trademark is an intangible asset.
fr: Immobilisation incorporelle
Inventory
noun
A complete listing of merchandise or stock on hand, work in progress, raw materials, etc., esp. a list made regularly by a business.
Example: We have to put this box in the inventory.
fr: Inventaire / Stock
Invoice
noun
A bill, typically listing the goods sold or services provided, along with prices, the total charge, and the terms.
Example: We need to have the invoice from them.
fr: Facture
Liability
noun
The financial obligations entered in the balance sheet of a business enterprise.
Example: She paid her shorts terms liability of this month.
fr: Passif
Payroll
Payroll is the compensation a business must pay to its employees for a set period or on a given date.
Payslip
noun
A note given to an employee when they have been paid, detailing the amount of pay given, and the tax and insurance deducted.
Example: Our employees payslip are made every week.
fr: Fiche de paie
Supplier
noun
A supplier is a person, company, or organization that sells or supplies something such as goods or equipment to customers.
Example: We order our stock from our many suppliers.
fr: Fournisseur
Working capital
noun
Working capital, also known as net working capital (NWC), is the difference between a company’s current assets—such as cash, accounts receivable/customers’ unpaid bills, and inventories of raw materials and finished goods—and its current liabilities, such as accounts payable and debts.
Example: Our company has a working capital of $5 000, which is good for us.