accruals

journal entry

Dated record in diary

• general ledgerMaster accounting record
• balance sheetAssets-liabilities-equity report
• financial statementsFormal records of transactions

trial balance · double-entry · bookkeeping · deferred income · unearned income · fiscal year · audit trail · provisions · reconciliation

monthly

Occurring each lunar cycle

• quarterlyFour times annually
• annualOccurring every year
• biannualTwice per year

year-end · fiscal · calendar · recurring · interval · cycle · cutoff · timing · seasonal · cadence

wages

Payment for work

• salariesFixed regular payments for work
• bonusesAdded compensation beyond wages
• commissionsPayments for services rendered

overtime · vacation pay · sick leave · benefits · pension contributions · payroll taxes · severance

buildup

Gradual accumulation over time

• cumulationGradual gathering together
• aggregationCombined collection of items
• amassingCollecting in quantity

growth · increment · pileup · collection · gathering · compilation · enlargement · snowballing · compounding · mounting

compound interest

Returns on reinvested earnings

• bond interestPayment to debt holders
• loan interestFee for borrowing funds
• yieldProduce or relinquish

amortization

• accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
• accounting termsassets, cash, expenses, equity, retained earnings
• payrollpaycheck, gross pay, base salary, net pay, pay stub
• liabilitiesaccounts payable, tax liability, payables, short-term debt, long-term debt
• Corporate Accountingbalance sheet, income statement, financial statements, accounts payable, accounts receivable
• financebank, CFO, banks, controller, finance