Glossary

This page gives you a clear overview of common terms freelancers and entrepreneurs often come across.
Each term is explained briefly and in plain English.

Cash flow forecast

Cash management

Chart of accounts

Commercial activities

Commercial arrangement

Commercial contract

Commercial dispute

Commercial negotiation

Commercial register

Commercial risk

Commercial substance

Commercial viability

Consolidated financial statements

Consumer credit

Contingent liability

Corporate income tax

Cost absorption

Cost allocation

Cost allocation method

Cost efficiency

Cost of goods sold

Cost transparency

Cost-benefit analysis

Credit assessment

Credit exposure

Credit insurance

Credit management

Creditworthiness

Debt restructuring

Deductible costs

Deferred expense

Deferred income

Deferred income tax

Deferred liability

Deferred revenue

Deferred tax asset

Depreciation period

Digital invoice

Distance selling threshold

Double tax treaty

Double-entry bookkeeping

EU VAT triangulation

Economic activity

Economic dependency

Economic dependency ratio

Economic downturn

Economic indicator

Economic outlook

Economic substance

Economic value added

Employer contributions

Equity financing

Equity injection

Equity participation

Equity ratio requirement

Equity valuation

Expense account

Expense allocation

Expense authorisation

Expense control

Expense justification

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