140 terms · CA-reviewed definitions
Accounting Terms Glossary
Plain-language definitions of the accounting, software, process and industry terms Indian businesses actually run into - written and reviewed by our CA & CS team.
India-specific examples in INRCA & CS reviewedUpdated for FY 2026-27Free to use
Fundamentals
22 termsThe core building blocks - assets, liabilities, revenue and the financial statements - every Indian business owner should understand.
Accounts PayableView definition →Accounts ReceivableView definition →Accrual AccountingView definition →AssetsView definition →Balance SheetView definition →CapitalView definition →Cash AccountingView definition →Cash Flow StatementView definition →Cost of Goods SoldView definition →Current AssetsView definition →Current LiabilitiesView definition →DepreciationView definition →EBITDAView definition →EquityView definition →ExpensesView definition →Fixed AssetsView definition →Gross ProfitView definition →LiabilitiesView definition →Net ProfitView definition →Profit & Loss StatementView definition →RevenueView definition →Working CapitalView definition →
Core / Software
22 termsDouble-entry foundations and the software Indian businesses run their books in - Tally, Zoho, Xero and Odoo.
Double-Entry BookkeepingView definition →ERP Open BalancesView definition →GST History ExtractionView definition →General LedgerView definition →Historical Data Cut-off DateView definition →Hubdoc AutomationView definition →Inventory Voucher MappingView definition →Journal EntryView definition →Ledger Mapping SchemaView definition →Multi-Currency Bank FeedView definition →Odoo Double-Entry EngineView definition →Odoo Fiscal PositionsView definition →Outstanding Balances MigrationView definition →Parent-Subsidiary ConsolidationView definition →Remote Tally AccessView definition →Tally VaultView definition →Tally XML ExportView definition →Trial BalanceView definition →Xero Bank RulesView definition →Zoho Banking FeedsView definition →Zoho Custom ModulesView definition →Zoho GSTIN MappingView definition →
Process
38 termsThe month-end, reconciliation, costing and control processes that keep books accurate and audit-ready.
Accounts Receivable Aging ScheduleView definition →Accrued LiabilitiesView definition →Automated Bank FeedsView definition →Bank Clearing AccountView definition →Bank ReconciliationView definition →Bank Statement ReconstructionView definition →Bill of Materials (BOM) CostingView definition →Cash Flow Statement (Indirect Method)View definition →Catch-Up BookkeepingView definition →Closing Journal EntriesView definition →Contribution Margin DashboardView definition →Days Sales Outstanding (DSO)View definition →Dunning LettersView definition →ESOP Intrinsic Value MethodView definition →FIFO vs Weighted Average CostView definition →Financial Internal ControlsView definition →Ind AS 102 Share-based PaymentView definition →Inter-Company Ledger ReconciliationView definition →Month-End Close ChecklistView definition →Notes to AccountsView definition →Operating Cash RunwayView definition →Operational Cost CentersView definition →Outstanding Checks / Timing DifferencesView definition →Parent-Child Ledger HierarchyView definition →Prepaid Expense AmortizationView definition →Prior-Period AdjustmentsView definition →Purchase Order (PO) ToleranceView definition →Schedule III Balance SheetView definition →Section 43B(h) MSME ClockView definition →Segmented Chart of AccountsView definition →Segregation of Duties (SoD)View definition →Standard Cost VarianceView definition →Standard Operating Procedure (SOP)View definition →Statutory vs Internal AuditView definition →Three-Way MatchingView definition →Variance AnalysisView definition →Vendor Balance ConfirmationView definition →Vesting Period Graded AmortizationView definition →
Industry
43 termsSector-specific accounting - SaaS, e-commerce, manufacturing, real estate, healthcare, hospitality, NGOs and logistics.
85% Income Application RuleView definition →Cap Table DilutionView definition →Cash Runway CalculationView definition →Deferred Revenue (Unearned Revenue)View definition →Direct vs Indirect Factory OverheadsView definition →FCRA Designated Bank AccountView definition →Food Cost Variance PercentageView definition →Foreign Currency ReceivablesView definition →Form ITC-04 Job Work TrackingView definition →Fuel Fleet Card ReconciliationView definition →Fund-Based AccountingView definition →GSTR-2B Input Tax Credit MatchingView definition →Goods Transport Agency (GTA) RCMView definition →Ind AS 115 Revenue RecognitionView definition →Inventory Shrinkage ProvisionView definition →Joint Development Agreement (JDA)View definition →Landing Cost AdjustmentView definition →Marketplace Settlement ReconciliationView definition →Milestone vs Retainer BillingView definition →Monthly Burn RateView definition →Monthly Recurring Revenue (MRR)View definition →Online Travel Agency (OTA) DeductionsView definition →Percentage of Completion Method (POCM)View definition →Pharmacy Stock Expiry AuditView definition →Point-of-Sale (POS) Day-End AuditView definition →Project-Wise Profitability MarginView definition →RERA 70% Escrow ComplianceView definition →Restricted Corpus DonationsView definition →Retail Inventory MethodView definition →Return to Origin (RTO) ProvisionsView definition →Room Night Occupancy YieldView definition →STPI / SOFTEX Export FilingView definition →Section 10(23C) Exemption RulesView definition →Section 12A / 80G Annual UpkeepView definition →Section 194Q TDS on GoodsView definition →Section 44ADA Presumptive CapView definition →Section 52 TCS under GSTView definition →Software Export Revenue (Section 10AA SEZ)View definition →Third-Party Administrator (TPA) ReceivablesView definition →Transfer Pricing for IT ServicesView definition →Trip-Wise Profit and Loss StatementView definition →Unbilled Revenue (WIP Hours)View definition →Work-in-Progress (WIP) ValuationView definition →
City (local)
15 termsLocation-specific compliance and accounting rules for India's major business hubs.
BKC Corporate Accounting StandardsView definition →Delhi Nil Professional Tax RegimeView definition →GIDC Industrial Estate ComplianceView definition →GIFT City IFSC Tax HolidayView definition →Gujarat GST Bhavan AssessmentView definition →HSIIDC Plot & Haryana e-Filing ComplianceView definition →Hinjewadi IT Park SEZ RulesView definition →IMT Manesar Industrial CostingView definition →LBT (Local Body Tax) Assessment HistoryView definition →MCD Commercial Trade LicensingView definition →MIDC Industrial Area ComplianceView definition →Maharashtra Stamp Act ProvisionsView definition →NCR Inter-State GST ReconciliationView definition →SEBI Financial Reporting TimelinesView definition →Udyog Vihar SEZ vs DTA ComplianceView definition →
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CA-led accounting, GST and payroll for Indian businesses.