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: The accounting technician made an accounting entry for the purchase of furniture for the business.
en: Écriture comptable
Accounting depreciation
Noun
Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value over time.
Example: Jo automobile's has lost value over time.
en: amortissement comptable
Asset
noun
property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Example: David have a lot of asset.
en: actif
Balance sheet
noun
A balance sheet gives a snapshot of your financials at a particular moment, incorporating every journal entry since your company launched
Example: Gerard do balance sheet of his company's.
en: Bilan
Capital asset
noun
Are significant pieces of property such as homes, cars, investment properties, stocks, bonds, and even collectibles or art.
Example: Raymonde buy a bulding
en: Immobilisation
Disbursement
Noun
Disbursement is the act of paying out or disbursing money, which can include money paid out for a loan, to run a business, or as dividend payments.
Example: Rene has to disbursement money to buy supplies for his office.
en: Décaissement
Dole
Noun
Benefit paid by the government to the unemployed
Example: Ronald is on dole 3 months a year.
en: Chômage
equity
noun
In finance and accounting, equity is the value attributable to the owners of a business
Example: Paul put down $35,000 to start his business.
en: capitaux propres
Expense
noun
the cost required for something; the money spent on something.
Example: Solange have to pay the electricity.
en: Dépense
Financial statement
noun
The three financial statements are the income statement, the balance sheet, and the statement of cash flows.
Example: Financial statements are written records that convey the business activities and the financial performance of a company.
en: état financier
Income
noun
money received, especially on a regular basis, for work or through investments.
Example: He do a good income.
en: Revenu
Interest rate
Noun
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned.
Example: Mrs. Thibeault bought her car at an interest rate of 4%.
en: Taux d'intérêt
Liabilities
plurial noun
Liabilities are debts and obligations of the business they represent as creditor's claim on business assets.
Example: Mr. Robicho has accumulated a lot of liabilities over the years.
en: Dettes
Loan
Noun
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest
Example: Mr. Lahaie borrows from the bank to buy his house.
en: Emprunt
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: All the employees of Ginette's company have their payslip.
en: Fiche de paie
Share
noun
a part or portion of a larger amount which is divided among a number of people, or to which a number of people contribute.
Example: .Mrs. Turgeon has purchased shares of the Volkswagen company.
en: Action
Shareholder
Noun
An owner of shares in a company.
Example: Emmanuelle is a shareholder in her dad's company.
en: Actionnaire
Solvency
Noun
the possession of assets in excess of liabilities; ability to pay one's debts
Example: Alice is unsure of her solvency at the bank.
en: Solvabilité
Supplier
Noun
A supplier is a person or business that provides a product or service to another entity.
Example: Michel owes a lot of money to his suppliers.
en: fournisseur
Turnover
Noun
Turnover is the total sales made by a business in a certain period. It's sometimes referred to as ‘gross revenue’ or ‘income’. This is different to profit, which is a measure of earnings.
Example: The turnover of the jean company is very good.
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