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Glossary of Accounting Terms

All A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Index of Accounting Terms - E

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Icon representing earnings before interest, taxes, depreciation, and amortization
EBITDA Related Terms: Earnings Before Interest, Taxes, Depreciation, and Amortization What is EBITDA? EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, a measure of a company's operating performance.
Icon representing integrated business management software.
Enterprise Resource Planning (ERP) Related Terms: Business Management Software, Integrated Systems What is ERP? Software systems that help organizations manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.
Icon representing ownership stake in a company
Equity Related Terms: Owner's Equity, Stockholders' Equity, Capital What is Equity? Equity represents the owners' residual claim on the assets of a company after deducting liabilities.
Icon representing specific goods subject to excise tax.
Excise Tax Related Terms: Sin Tax, Luxury Tax, Selective Sales Tax, Indirect Tax What is Excise Tax? A type of indirect tax levied on specific goods like fuel, alcohol, and tobacco during their production, sale, or consumption, often built into the price.
Icon representing business growth and strategy
Expansion Planning Related Terms: Growth Strategy, Business Scaling, Development Planning What is Expansion Planning? Strategize for growth with our financial analysis and funding strategies.
Icon representing the monitoring of business expenses
Expense Tracking Related Terms: Expense Management, Spend Tracking, Cost Monitoring What is Expense Tracking? Gain control over your spending and improve financial management.
Icon representing costs incurred by a business
Expenses Related Terms: Costs, Expenditures, Outlays What are Expenses? Expenses are the costs a business incurs in its operations to generate revenue. How do I track my expenses?

Accounting and Bookkeeping
in Action:
The Adventures of Coco and Cami

Coco and Cami ask, What is Accounting Software?

Follow Coco and Cami as they realize that keeping track of all their sales, expenses, and customer payments on paper is becoming overwhelming for their growing businesses.

Watch as Professor A introduces Coco and Cami to Accounting and Bookkeeping, explaining how these digital tools can automate their bookkeeping, generate reports, and help them manage their finances more efficiently.

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