Accounting and Bookeeping Terminology
Definitions of various terms used in accounting and bookeeping of interest to home business owners.
Balance Sheet
Definition of balance sheet as it is used in home business.
Definition of balance sheet as it is used in home business.
Breakeven Point
The definition of breakeven point as it applies to home business.
The definition of breakeven point as it applies to home business.
C Corporation
Definition of a C corporation, its benefits and disadvantages for those who operate a home business.
Definition of a C corporation, its benefits and disadvantages for those who operate a home business.
Cash Flow Statement
Definition of cash flow statement as it is used in home businesses.
Definition of cash flow statement as it is used in home businesses.
Fixed Expenses
Definition of the term fixed expenses as it applies to home businesses.
Definition of the term fixed expenses as it applies to home businesses.
Income Statement
Definition of the term income statement as is used in home business.
Definition of the term income statement as is used in home business.
Limited Liabilitiy Company - LLC
Definition of a limited liability company (LLC), a form of legal business entity that may be used when operating a home business.
Definition of a limited liability company (LLC), a form of legal business entity that may be used when operating a home business.
Partnership
Definition of partnership, a legal form of business entity that may be used when operating a home business.
Definition of partnership, a legal form of business entity that may be used when operating a home business.
S Corporation
Definition of an S corporation, a legal business entity that may be used when operating a home business.
Definition of an S corporation, a legal business entity that may be used when operating a home business.
Sole Proprietorship
Definition of the term sole proprietorship, which is a common form of business entity used by home businesses
Definition of the term sole proprietorship, which is a common form of business entity used by home businesses
Variable Expenses
Definition of variable expenses as used in home business.
Definition of variable expenses as used in home business.