Do you understand your accountant?

27 November 2017

Every profession has its own jargon which is used to streamline communication among its members. The accountancy profession is no different, but having a shared understanding of accounting terms with our clients is crucial for effective and efficient decision making.

To help with this, we have developed a glossary of the most commonly used accounting terms and phrases; those that any business owner might encounter when interpreting their accounts or reviewing their financial information with their accountant. Our aim has been to give simple and accessible definitions with a bit of background where we thought this might be of interest.

The glossary of accounting terms can be found here, in the resources section of our website.

We hope that this is useful and if you have any queries please get in touch, we’d be happy to help.