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 SME

Small and Medium Enterprises are companies whose headcount or turnover falls below certain limits. For the purposes of UK law rules regarding what constitutes a small or medium-sized business are set by the Companies Act, and this distinction affects certain legal requirements upon the company and its directors.


Other accounting software terms beginning with S

Sales
Income received from customers in return for the s...

Sales Invoice
A sales invoice is the way of recording the sale o...

Sales Ledger
The sales ledger is the subsidiary ledger is where...

Self Assessment
Self-assessment is a form of income tax return int...

Self-balancing ledgers
A system employed in accounting software that allo...

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