F
Freeze Date is used to freezing data on specified date range so that no one can add, modify or delete the existing records.
Financial Accounting is to record business transactions in a systematic manner.
Final Report is an organized summary of detailed information about financial position and performance of the business.
Financial Statement provides a complete summary of the account holder’s financial transaction.
Financial Year is a span of time during which the financial activities of an organization are calculated.
Fixed Assets are those assets which are held for continued use in the business for the purpose of producing goods and services and are not meant for resale.
G
Gain is a profit or an increase in value of an investment.
General User is created by Administrator and Power User. This user can access only those rights and permissions which are assigned by Administrator and Power User.
Group is a set of records associated with each other for running reports. You can use the support tables to manage groups.
H
No Entries
I
Income is money earned through employment and investments.
Inventory is a record of the number and value of products purchased or produced for sale.
Investments use money in the hope of making more money.
Invoice/Register is a request for payment to a customer for products or services sold.
Item refers to a commodity or finished good sale or purchased for the business. Item can be a product or service that a Company buys from the Vendor or sells to the Customer.
Item Group is a set of items associated with each other because they fit into some common group with respect to the business.
J
Journal is a book in which transactions are recorded first of all, as and when they take place.
Journal Voucher is a document that provides written authorization for financial transaction.
K
No Entries
L
Ledger/Account Report is a record in which commercial account is recorded.
Liabilities are debts; they are amount owed to creditors.
Loan is the temporary provision of money.
Loss is the amount by which the cost of the business exceeds its revenue.
M
Material In is used to maintain the records of receiving stocks from one store to another store.
Money is an asset that is commonly accepted as means to purchase goods.
N
Narration is used to provide the information about the transaction.
Net Profit is the income of the Company after the taxes deducted.
O
Opening Balance is the balance of the account at the start of an accounting period. |
