Category - Financial

Financial Term

Accounting

Accounting is both the body of knowledge and the practice related to recording the many financial transactions of businesses and other organizations such as governments and non-profits. Accounting covers issues such as...

Financial Term

Accounts Payable

Accounts Payable is a standard accounting category on a company’s balance sheet that includes all of your due bills – in accounting-speak, obligations to pay for goods and services received. These are sometimes called...

Financial Term

Accounts Receivable

Accounts Receivable is a standard accounting category on a company’s balance sheet that represents money owed by customers for products delivered or services used that they haven’t yet paid for. While it may not feel...

Financial Term

Assets

Assets are anything of value owned by an individual, business or other organization. In business, the value of assets is that they can either be turned into cash – now or in the future (such as accounts receivable...

Financial Term

Bad Debt

There are two meanings of the phrase bad debt. In financial terms, bad debt is a debt that has not been repaid according to agreement and is not recoverable. For example if a customer receives a product or service then...

Financial Term

Balance Sheet

The Balance Sheet is one of the three basic accounting financial statements used to summarize how well a business is doing financially. It shows at a particular moment in time what the business owns, what it owes, and...

Financial Term

Budget

(Financial) The budget is a financial statement that estimates and details the planned income and expenses for a particular period of time. In some contexts the budget is just the expense line items without any...

Financial Term

Burn rate

Technically speaking a company’s burn rate is their net negative cash flow per unit of time, and typically per month is the unit of time. Equity investors often ask companies seeking investment what their burn rate is...

Debt Term

Credit

The term credit has two different meanings, one related to debt, the other related to accounting. Credit can mean the ability of a consumer or a business to buy goods or services now and pay later. In this context the...

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