Business Budgeting & Accounting Vocabulary

amount of money a business receives over a period of time

• revenue

• income

• cost of goods

income from sales or services based on the goal of the business

• sales figures

• operating revenue

• gross profit

subtracting the cost of goods sold from net sales figures

• sales figures

• gross profit

• income

tabulation of all expenses incurred in running a business

• total expenses

• net income

• fixed expenses

assets which are not able to be sold quickly which carry high risk of losing money

• fixed assets

• liquid assets

• illiquid assets

monies available immediately

• net worth

• assets

• cash

items of ownership convertible into cash

• assets

• labilities

• net worth

money owed; debts

• liabilities

• assets

• income

allocation of monetary funds based on a determined structure

• assets

• income

• budgeting

blueprints for the execution and organizations of revenues and expenditures

• assets

• expenses

• budgets