Accounting Software Glossary

Accounting Software from Lakeview

The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary.


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Definition of Revenue

The incoming assets from sales and providing services to customers and any other taxable income such as interest earned on bank accounts and appreciation of property.


Other accounting software terms beginning with R

Raw Materials
Manufacturers purchase raw materials in order to p...

Real accounts
Real accounts are the accounts, including asset ac...

Realisation principle
Realisation principle states that revenue should o...

Rebate
A rebate is a reduction to fees or a refund of par...

Receipt
A written acknowledgment to confirm a payment of a...

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