Glossary of Accounting Terms

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Index of Accounting Terms - S

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Icon representing the exchange of goods or services for money
Sales Related Terms: Revenue, Turnover, Income What are Sales? The revenue generated by a business from selling its goods or services to customers.
Icon representing sales tax added at checkout.
Sales Tax Related Terms: Consumption Tax, Retail Sales Tax, Use Tax (related) What is Sales Tax? A direct consumption tax added to the price of goods/services at the point of sale, collected by the seller, and visibly itemized for the consumer.
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SecureDocs Related Terms: Secure Document Portal, Client Portal, Encrypted Storage What is SecureDocs? SecureDocs is Sync-Up Bookkeeping's proprietary software, a secure document portal for clients to upload receipts, contracts, invoices, expense reports, and more with encryption for secure storage.
Icon representing ownership in a company
Shareholder Related Terms: Stockholder, Equity Holder, Investor What is a Shareholder? An individual or entity that legally owns one or more shares of stock in a public or private corporation.
Icon representing the owners' stake in a company
Shareholder Equity (SE) Related Terms: Stockholders' Equity, Owner's Equity, Net Assets What is Shareholder Equity (SE)? The total assets of a company minus its total liabilities, representing the owners' stake in the company.
Icon representing cloud-based subscription software.
Software as a Service (SaaS) Related Terms: Cloud Computing, Subscription Software, On-Demand Software What is SaaS? A software distribution model where a third-party provider hosts applications and makes them available to customers over the Internet.
Icon representing long-term financial stability
Solvency Related Terms: Financial Stability, Long-Term Liquidity What is Solvency? A measure of a company's ability to meet its long-term financial obligations and continue operating in the future.
Icon representing a fixed tax deduction amount.
Standard Deduction Related Terms: Itemized Deduction (contrast), Taxable Income, Filing Status What is the Standard Deduction? A specific dollar amount that taxpayers can subtract from their adjusted gross income (AGI) to reduce their taxable income, if they do not choose to itemize deductions.
Icon representing the flow of goods and services
Supply Chain Related Terms: Value Chain, Logistics Network What is a Supply Chain? The network between a company and its suppliers to produce and distribute a specific product to the final buyer.
Icon representing equity earned through effort
Sweat Equity Related Terms: Earned Equity, Contribution in Kind What is Sweat Equity? Equity or ownership interest in a company earned by an individual through their labor or services, rather than monetary investment.

Accounting and Bookkeeping
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