Business Vocabulary
We explain the meaning of the most common terms you come across when managing your UK company in simple words and offering examples.
- Accounting Journal
- Accrual Accounting
- Bad Debts
- Balance Sheet
- Billing
- Book Value
- Break-even Point
- Capital Expenditure
- Cash Accounting
- Cash Book
- Chart of Accounts
- Closing Balance
- Contra Account
- Council Tax Break
- Deductible
- Depreciation
- Equity
- Exit Strategy
- Fairtrade
- Financial Year
- FTSE Index
- Hire Purchase
- HMRC
- Horizontal Merger
- Interim Report
- Invoice
- Invoice Factoring
- KPI
- Ledger
- Liability
- Liquidity
- Market Segmentation
- Markup
- Minimum Wage
- National Insurance
- Non-Executive Director
- Opening Balance
- Operating Expenditure
- Operating Profit
- Ordinary Share
- Overheads
- Petty Cash
- Recommended Retail Price
- Reimbursement
- Remittance
- Return on Investment (ROI)
- SMEs
- Solvency
- Stakeholders
- Terminal Value
- Trial Balance
- Turnover (Sales, Employee, Asset and Other)
- Variable Costs
- Working Capital
