|Chart of accounts|
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Definition of Chart of accounts
Chart of accounts
A listing of all accounts used in the general ledger, usually sorted in
‘Buckets’ within the ledger, part of the accounting system. Each account contains similar transactions (line items) that are used for the production of financial statements. Or commonly used as an abbreviation for financial statements.
Money owed to suppliers.
Amounts a company owes to creditors.
Amounts owed by the company for goods and services that have been received, but have not yet been paid for. Usually accounts payable involves the receipt of an invoice from the company providing the services or goods.
Short-term, non-interest-bearing liabilities of a business
Acurrent liability on the balance sheet, representing short-term obligations
Amounts due to vendors for purchases on open account, that is, not evidenced
The number of days it would take to pay the ending balance
Money owed by customers.
Amounts owed to a company by customers that it sold to on credit. Total accounts receivable are usually reduced by an allowance for doubtful accounts.
Amounts owed to the company, generally for sales that it has made.
Short-term, non-interest-bearing debts owed to a
A current asset on the balance sheet, representing short-term
Amounts due from customers for sales on open account, not evidenced
Money owed to a business for merchandise or services sold on open account.
Accounts Receivable Days (A/R Days)
The number of days it would take to collect the ending
Accounts receivable turnover
The ratio of net credit sales to average accounts receivable, a measure of how
accounts receivable turnover ratio
A ratio computed by dividing annual
Allowance for doubtful accounts
A contra account related to accounts receivable that represents the amounts that the company expects will not be collected.
Allowance for Doubtful Accounts
An estimate of the uncollectible portion of accounts receivable
Average age of accounts receivable
The weighted-average age of all of the firm's outstanding invoices.
Balance of Payments Accounts
A statement of a country's transactions with other countries.
Bollinger band chart
A financial chart that plots actual asset data along
a graph that depicts the relationships among revenues, variable costs, fixed costs, and profits (or losses)
A financial chart usually used to plot the high, low, open,
Related: technical analysts.
a graphical presentation of the results of a
A legal document creating a corporation.
Discounting of Accounts Receivable
Short-term financing in which accounts receivable are used as collateral to secure a loan. The lender does not buy the accounts receivable but simply uses them as collateral for the loan. Also called pledging of accounts receivable.
A financial chart usually used to plot the high, low,
Special accounts where you can save and invest, and the taxes are deferred until money
A financial chart that plots leading and lagging
National Income and Product Accounts
The national accounting system that records economic activity such as GDP and related measures.
a depiction of the functions, divisions,
The accounts found on the Balance Sheet; these account balances are carried forward for the lifetime of the company.
Point and figure chart
A price-only chart that takes into account only whole integer changes in price, i.e., a
Point and figure chart
A financial chart usually used to plot asset price data.
Provision for Doubtful Accounts
An operating expense recorded when the allowance for
The accounts found on the Income Statement and the Statement of Retained Earnings; these accounts are reduced to zero at the end of every accounting period.
Unbilled Accounts Receivable
Revenue recognized under the percentage-of-completion
a visual representation indicating the valueadded
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