Insurance Accounting Terms?

Answer Insurance refers to policies that cover individuals and businesses from lawsuits, accidents, disasters, and other costly events. There are two forms of accounting associated with insurance: the acc... Read More »

Top Q&A For: Insurance Accounting Terms

Basic Accounting Terms?

Financial terminology can be confusing to people with no accounting background. As with any profession, there are certain technical terms that are typical of the accounting world that may not be fa... Read More »

Accounting Technical Terms?

Every profession, including accounting, uses terminology unique to its field. Small business owners, managers and employees who work with accounting staff should understand the language used by acc... Read More »

Accounting Terms for Revenue?

Revenue drives the growth of a business, providing a return to the owners and the funds to pay bills. Accountants determine net income by deducting expenses from total revenue. Accountants use diff... Read More »

What is reconciliation in accounting terms?

Reconciling an account is the same as balancing your checkbook. It means that you are using a period end statement with a beginning and ending balance, and matching it against your own numbers.Def... Read More »