General Ledger
General ledger is the master accounting record that contains all financial transactions of a business, organized by account. It includes every debit and credit, forming the basis for financial statements. The general ledger tracks assets, liabilities, equity, income, and expenses in one place.
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Goods and Services Tax (GST)
A 10% broad-based consumption tax applied to most goods and services in Australia. Businesses registered for GST must report input…
Gift Aid
A UK tax relief mechanism allowing charities to reclaim basic-rate income tax on donations made by UK taxpayers, increasing the…
Generally Accepted Accounting Principles (GAAP)
The standardized set of rules and procedures issued by the Financial Accounting Standards Board (FASB) that US public companies must follow when…
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