Friday, July 18, 2008

List of Financial terms that need explanation

Ledger
Reconcile
Institution
Account
Deposit
Transfer
Withdrawal
Payment
Deposit
IBAN while creating new account
Routing number
Checking account
Parent account?
Asset is an account?
Auto-VAT assignment?
Preferred Account?
Absolute limit in account limits
BIC in institution
Difference between Tax and VAT




... will add to list as I go over more tasks, also in the screens I will underline the terms as I come across them.

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