Trying to build your understanding of accounting and finance key concepts?
This glossary of common terms can help.
- Accounting
- Accounts Payable
- Balance sheet
- Business license
- Cash flow
- CFO (Chief Financial Officer)
- Chart of accounts
- Corporate compliance
- Cost of goods sold (COGS)
- Credit line
- Deductible expenses
- Delaware Corporation
- Diversification
- Estimated taxes
- Expense deductions
- Expenses
- Fiscal Year
- Independent contractors
- IRS
- Liabilities
- Liability protection
- LLC
- Pass-through entities
- Personal tax return
- Quarterly taxes
- Schedule C
- Self-employment tax
- Sole proprietorship
- Startup
- State regulations
- Tax implications
- Tax liability
- Tax penalty
- Tax return
- Taxable income
- W-2 employees
- W-9