Donna Deos •
As a regular, non-Accountant type person, working in an accounting firm, I realize it sometimes sounds like they are speaking a different language – or perhaps just a bunch of jargon. So, I thought I’d put together a little cheat-sheet for you, if you will.
When your Accountant is talking to you about your overall business, they will say things like: debits, credits, bookkeeping, reconciling, planning, adjusted journal entries, balance sheet, income statement, statement of cash flows and so on. Let me break some of that down into plain English for you:
As a regular, non-Accountant type person, working in an accounting firm, I realize it sometimes sounds like they are speaking a different language – or perhaps just a bunch of jargon. So, I thought I’d put together a little cheat-sheet for you, if you will.
When your Accountant is talking to you about your overall business, they will say things like: debits, credits, bookkeeping, reconciling, planning, adjusted journal entries, balance sheet, income statement, statement of cash flows and so on. Let me break some of that down into plain English for you: