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  2. Business Vocabulary

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

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