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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 - W

W⤒ Top
Icon representing the W-2 tax form
W-2 Form Related Terms: Wage and Tax Statement, Employee Tax Form What is a W-2 Form? A tax form that employers send to employees and the IRS, reporting wages paid and taxes withheld.
Icon representing safeguarding financial assets
Wealth Protection Related Terms: Asset Protection, Estate Planning What is Wealth Protection? Protect and grow your wealth with our strategic bookkeeping.
Icon representing adjustments to tax withholding
Withholding Allowance Related Terms: Tax Exemption, Withholding Certificate What is Withholding Allowance? A deduction claimed by an employee on Form W-4 to reduce the amount of income tax withheld from their paycheck.
Icon representing taxes withheld from income
Withholding Tax Related Terms: Income Tax Withholding, Payroll Withholding What is Withholding Tax? The amount of income tax that an employer deducts from an employee's wages and pays directly to the government.
Icon representing liquid assets for operations
Working Capital Related Terms: Net Working Capital, Liquid Capital What is Working Capital? The difference between a company's current assets and its current liabilities, representing the capital available for day-to-day operations.
Icon representing a loan for operational needs
Working Capital Loan Related Terms: Operating Loan, Short-Term Business Loan What is a Working Capital Loan? A loan taken out to finance a company's everyday operations, covering short-term needs.
Icon representing removing an uncollectible amount
Write Off Related Terms: Bad Debt Expense, Asset Impairment What is a Write Off? The act of removing an asset or a debt from a company's accounts when it is deemed uncollectible or has no value.

Accounting and Bookkeeping
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