The world of accounting is known for being a little heavy on the jargon and technical terms. According to Go Remotely’s Accounting Statistics, 60% of small business owners don’t think of themselves as being knowledgeable about finances and accounting.
Sound like you?
While you won’t need to know everything when it comes to accounting terminology, there are a few key terms that will help you out – a little knowledge of good accounting practices can make all the difference for your business.
So, here’s our list of the 16 most useful accounting terms to know as a business owner, in alphabetical order.