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Business Valuation
The process of determining the economic value of a business, used in sales, mergers, or fundraising.
READ MOREBreakage
Revenue recognized from unredeemed gift cards, vouchers, or prepaid credits that customers never use.
READ MOREBAS Agent
A professional registered with the Tax Practitioners Board authorized to prepare and lodge BAS on behalf of businesses.
READ MOREBR Tax Code
A UK PAYE tax code indicating all income from a job is taxed at the basic rate, often used for second jobs.
READ MOREBackup Withholding
A percentage the IRS requires payers to withhold from certain payments when a payee fails to provide a correct taxpayer ID.
READ MOREBootstrapping
Funding a business using personal finances or operating revenues rather than external investment or loans.
READ MOREBeneficiary
The person or entity entitled to receive funds, assets, or benefits from a trust, policy, or transaction.
READ MOREBeginning Inventory
The value of inventory on hand at the start of an accounting period, used in calculating cost of goods sold.
READ MOREBuyback of Shares
Buyback of shares refers to a company repurchasing its own shares from the market or shareholders. This reduces the number of outstanding shares and can…
READ MOREBusiness Combination
A business combination occurs when one company acquires or merges with another to form a single reporting entity. Accounting for such transactions involves identifying acquired…
READ MOREBudget Forecast
A budget forecast is a forward-looking estimate of a company’s financial performance based on historical data, trends, and assumptions. It helps businesses anticipate revenue, expenses,…
READ MOREBudget Cost
Budgeted cost is the estimated expense allocated for a specific activity, project, or period during the budgeting process. It serves as a benchmark for evaluating…
READ MOREBreakage Revenue
Breakage revenue refers to income recognized from unused prepaid amounts, such as gift cards or advance payments that customers never redeem. Businesses estimate and recognize…
READ MOREBlocking of Funds
Blocking of funds refers to restricting access to a certain amount of money in an account for a specific purpose, such as guarantees or pending…
READ MOREBilling Cycle
A billing cycle is the regular interval at which a business generates invoices for its customers, such as monthly or quarterly. It determines when revenue…
READ MOREBill of Lading
A bill of lading is a legal document issued by a carrier to acknowledge receipt of goods for shipment. It serves as proof of ownership,…
READ MOREBeneficial Owner
The beneficial owner is the individual or entity that ultimately enjoys the benefits of ownership of an asset, even if the asset is registered under…
READ MOREBearer Bond
A bearer bond is a debt instrument that is not registered in the owner’s name, meaning whoever physically holds the bond can claim interest and…
READ MOREBatch Processing
Batch processing refers to the grouping and processing of multiple financial transactions together at scheduled intervals instead of real-time entry. It is commonly used for…
READ MOREBase Currency
Base currency is the primary currency in which a company maintains its financial records and prepares financial statements. It is especially relevant for businesses dealing…
READ MOREBalloon Payment
A balloon payment is a large, lump-sum payment due at the end of a loan term after smaller periodic payments have been made. It is…
READ MOREBailment
Bailment refers to a legal arrangement where one party temporarily transfers possession of goods to another for a specific purpose, without transferring ownership. In accounting,…
READ MOREBackflush Costing
Backflush costing is a simplified accounting method used in just-in-time (JIT) systems where costs are assigned to products after production is completed. Instead of tracking…
READ MOREBusiness Activity Statement (BAS)
A form submitted to the Australian Taxation Office (ATO) by registered businesses to report and pay tax obligations, including GST, PAYG withholding, and FBT instalments.
READ MOREBond Discount
A bond discount occurs when a bond is issued for less than its face value. This happens when the bond’s coupon rate is lower than…
READ MOREBilled Revenue
Billed revenue is income that has been invoiced to customers but not necessarily collected yet. It represents revenue recognized when goods or services are delivered,…
READ MOREBribery
Bribery in business refers to offering, giving, or receiving something of value to influence the actions of an individual or organization unfairly. It’s illegal and…
READ MOREBank Loan
A bank loan is a sum of money borrowed from a financial institution, which is to be repaid with interest over time. It can be…
READ MOREBookkeeping System
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate records. It can be manual…
READ MOREBusiness Model
A business model refers to how a company creates, delivers, and captures value. It defines the company's strategy for generating revenue and profit. Common business…
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