Technical terms
Revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also ref...
A letter sent by a customer to a supplier, to inform the supplier that their invoice has been paid. If the customer is paying by cheque, the remittance advi...
Made on the first day of an accounting period in order to remove certain adjusting entries made in the previous accounting period. Used in order to avoid th...
A rolling budget is continually updated to add a new budget period as the most recent budget period is completed.
A commercial document issued by a seller to a buyer. Credit notes act as a source document for the sales return journal.
The request of payment by the customer for goods sold or services provided by the seller.
Record of sales, whether or not you have received the money, and how much you are still owed.
The difference between the trend of data and the actual figures for the period in question.
A technique used to determine how different values of an independent variable impact a particular dependent variable under a given set of assumptions, to g...
A cost composed of a mixture of fixed and variable components.