Accounting Jargon

noun the state of being behind or late, especially in the fulfillment of a duty or obligation

• The tenant fell into arrearage on their rent payments.
• He's in arrearage on his credit card bill.
• I totally forgot about that bill and now I'm in arrearage.
• The team's arrearage in the game was too great to overcome.

noun a debt that is unlikely to be recovered or paid off

adjective referring to a debt that is considered unlikely to be repaid

• The company had to write off a significant amount of bad debt this quarter.
• I heard that John's business is struggling because of all the bad debt he's accumulated.
• Don't lend money to Mark, he's known for racking up bad debt.
• Ignoring your responsibilities is like accumulating bad debt in your life.

noun the management of large amounts of money, especially by governments or large companies

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The company's finance department is responsible for managing the budget and financial transactions.
• I'm looking into my personal finance to see where I can save some money.
• I need to figure out how to get my finance in order before the end of the month.
• Investing in your education is a way to finance your future success.

adjective capable of being attributed or ascribed to a particular cause or source

• The error in the financial report was imputable to the accounting department.
• The blame for the mistake falls on the accounting team.
• It's the accounting guys' fault for messing up the numbers.
• The responsibility for the mishap can be traced back to the hands of the accountants.

noun an accusation or charge

• The imputation of guilt was based on circumstantial evidence.
• She made the imputation that he was lying about his whereabouts.
• I can't believe the imputation that she stole the money.
• The imputation of dishonesty tarnished his reputation.

adjective indebted is an adjective that describes someone who owes money or gratitude to someone else.

• I am indebted to you for your generous donation to the charity.
• I feel so indebted to my best friend for always being there for me.
• I owe you big time for covering my shift at work, I'm totally indebted to you.
• Her captivating performance left the audience feeling emotionally indebted to her talent.

verb to officially approve, support, or endorse something

• The company will indorse the new policy at the upcoming board meeting.
• I will indorse your application for the scholarship.
• I'll indorse that restaurant, it's really good.
• Her actions indorse her commitment to the cause.

noun A plural noun that refers to a unit of currency in various countries, especially in the United Kingdom.

• The cost of the item was fifty pence.
• I only have a few pence left in my wallet.
• I found a penny on the ground, lucky me!
• Every pence saved is a pence earned.

noun a semiannual publication or event

adjective occurring twice a year

• The company's financial reports are issued on a semiannual basis.
• We have to attend a semiannual meeting next week.
• I always look forward to the semiannual sale at my favorite store.
• The semiannual changing of the seasons always brings a sense of renewal.

noun the action of giving the ball to the opposing team in sports

• The company's turnover has increased by 20% compared to last year.
• The bakery's turnover is booming thanks to their delicious pastries.
• I heard the new restaurant has a high turnover rate for waitstaff.
• The constant turnover of ideas in the brainstorming session kept the creativity flowing.

noun a written or printed statement giving advice or guidance

• The advice note provided detailed instructions on how to properly maintain the equipment.
• I left you an advice note on the fridge about feeding the cat while I'm away.
• I scribbled a quick advice note for you on a sticky note by the door.
• Her actions were like an advice note, guiding him towards making better decisions.

noun a bill of exchange that is accepted by a bank on behalf of a customer

• The accommodation bill for the conference attendees was settled by the company.
• We split the accommodation bill for the weekend getaway.
• I'll cover the accom bill for the hotel room.
• Paying the accommodation bill symbolizes our commitment to hospitality.

noun a liability account in a general ledger representing the company's obligation to pay suppliers or vendors for goods or services purchased on credit

• The accounts payable department is responsible for managing the company's outstanding invoices.
• I need to check with accounts payable to see if my expense report has been processed yet.
• I heard accounts payable is swamped with work this week.
• In the grand scheme of things, keeping track of accounts payable is like balancing a never-ending stack of plates.

noun a document acknowledging the payment of a debt

• The debtor provided an acquittance to confirm the debt had been paid in full.
• I got my friend to write me an acquittance for the money I owed him.
• I asked my buddy for an acquittance so I could prove I paid him back.
• Receiving her apology was like getting an emotional acquittance for all the hurt she caused.

noun a situation or event that occurs or is discovered after something has already happened

adjective relating to events that have already taken place

• The investigation revealed several after-the-fact discrepancies in the financial records.
• We only found out about the mistake after-the-fact.
• I hate when they try to cover things up after-the-fact.
• Trying to fix a broken relationship after-the-fact is often too late.