Accounting and Non-Accounting Terminology
If you are not familiar with accounting terms and principles, you can choose to substitute the accounting terms on screen with simple everyday language.
Likewise, if accountants and other professionals are more comfortable using accounting terms, they can switch the display to only show accounting terms.
| Accounting Terms | Equivalent Non-Accounting Terms |
|---|---|
| General Journal | General Journal window |
| General Ledger | Accounts window |
| Journal | Transaction window |
| Journal entry | Transaction |
| Journal report | Transaction Details report |
| Ledger | List of records (accounts, vendors, customers, employees, inventory and service items, or projects); Module (a set of records and the transactions related to it) |
| Payables (on graphs) | Unpaid purchases |
| Payables Ledger | Vendors and Purchases module; vendor list |
| Post | Process |
| Receivables (on graphs) | Unpaid sales; sales due |
| Receivables Ledger | Customers and Sales module; customer list |