Accounting Glossary
Browse terms by category
Browse accounting, tax and superannuation terms (Australia/ATO-aligned). Use the A–Z list or browse by category.
- ABN (Australian Business Number)
- ABN Lookup
- ABR (Australian Business Register)
- ABRS (Australian Business Registry Services)
- Account-based pension
- Accounting Glossary
- Accounts payable (A/P)
- Accounts receivable (A/R)
- Accrual accounting
- Accrual basis (GST accounting)
- Accumulation phase
- ACN (Australian Company Number)
- Activity statement
- Adjustment note
- Affiliate (tax)
- AFSL (Australian Financial Services Licence)
- Agent nomination
- Aggregated turnover
- Allowances
- Amendment
- Annual company statement
- Annual GST return
- Apportionment (GST)
- APRA-regulated fund
- ASIC
- ASIC annual review
- Assessable income
- Asset (accounting)
- Asset protection
- Asset protection strategy
- ATO
- Audit / review (ATO)
- Australian resident for tax purposes
- Award wage
- Balance sheet
- Bank reconciliation
- BAS (Business Activity Statement)
- BAS agent
- BAS labels (GST)
- BAS reconciliation
- Beneficial owner
- Beneficiary
- Bookkeeping
- Borrowing costs
- Break-even analysis
- Bucket company
- Budget
- Business advisory
- Business expense
- Business health check
- Business name
- Business sale (exit)
- Business valuation
- Capital expense
- Capital gain
- Capital improvements
- Capital loss
- Capital proceeds
- Capital works deduction (building write-off)
- Carry-forward concessional contributions
- Cash accounting
- Cash basis (GST accounting)
- Cash flow budgeting
- Cash flow forecast
- Cash flow statement
- CGT (Capital gains tax)
- CGT discount
- CGT event
- Chart of accounts
- Client-to-agent linking
- Cloud accounting
- Code of Professional Conduct (tax practitioners)
- Company
- Company constitution
- Company officeholder
- Company secretary
- Compliance
- Concessional contributions
- Condition of release
- Connected entity
- Contractor
- Contribution
- Contribution caps
- Corporate trustee
- Corporate veil
- Cost base
- Credit (accounting)
- Crypto asset
- Current asset
- Current liability
- Debit (accounting)
- Debt restructuring
- Deduction
- Deferral
- Depreciating asset
- Depreciation (decline in value)
- Depreciation schedule (property)
- DGR (Deductible gift recipient)
- Digital ID
- Diminishing value method (depreciation)
- Director
- Director ID
- Distribution resolution
- Dividends
- Division 293 tax
- Division 7A
- Double tax agreement (DTA)
- Double-entry accounting
- Downsizer contribution
- Due date
- EBITDA
- Effective life (depreciation)
- Employee
- Employment termination payment (ETP)
- Entity (tax/legal)
- EOFY (End of financial year)
- Equity (accounting)
- Estate planning
- Expense (accounting)
- Failure to lodge (FTL) penalty
- Family (discretionary) trust
- FBT (Fringe benefits tax)
- Feasibility study
- Financial modelling
- Financial planner
- Financial statements
- Financial year
- Forecast
- Foreign income
- Foreign income tax offset (FITO)
- Foreign resident capital gains withholding (FRCGW)
- Foreign resident for tax purposes
- Franking credits
- Fringe benefit
- General journal
- General ledger
- GIC (General interest charge)
- Going concern (GST-free)
- Governance
- Gross margin
- Gross profit
- GST (Goods and Services Tax)
- GST registration
- GST turnover
- GST-exclusive
- GST-free
- GST-inclusive
- Holding company
- IAS (Instalment Activity Statement)
- In specie contribution
- In-house assets (SMSF)
- Individual trustee
- Input tax credit (GST credit)
- Input taxed
- Instant asset write-off
- Insurance review (business)
- Investment income
- Investment property / rental property
- Investment strategy (SMSF)
- Invoice
- Journal entry
- KPI (Key performance indicator)
- Land tax
- Leave accruals
- Liability (accounting)
- Limited recourse borrowing arrangement (LRBA)
- Lodgement
- Main residence exemption
- Managed fund
- Management accounting
- Margin scheme (GST)
- Medicare levy
- Medicare levy surcharge (MLS)
- Member (super)
- Minimum pension payments
- Minutes
- Mixed supply
- Mortgage broker
- myGov
- myID
- MYOB
- myTax
- Negative gearing
- Net profit
- Nil BAS
- Non-arm's length expenditure (NALE)
- Non-arm's length income (NALI)
- Non-concessional contributions
- Notice of assessment
- Online services for agents
- Online services for business
- Ordinary time earnings (OTE)
- Outsourced CFO
- Partnership
- Partnership agreement
- Payday Super
- PAYG instalments
- PAYG withholding
- PAYG withholding registration
- Payment arrangement
- Payroll
- Payroll tax
- Payslip
- Penalty
- Personal services business (PSB)
- Personal services income (PSI)
- Piercing the corporate veil
- Prepaid expenses (12-month rule)
- Preservation age
- Prime cost method (depreciation)
- PRN (Payment reference number)
- Product liability insurance
- Professional indemnity insurance
- Profit and loss statement (P&L)
- Proprietary company (Pty Ltd)
- Public company
- Public liability insurance
- QuickBooks
- RAM (Relationship Authorisation Manager)
- Receipt
- Recipient created tax invoice (RCTI)
- Record keeping
- Registered tax agent
- Related party
- Remission
- Rental deductions
- Rental income
- Repairs vs improvements
- Reportable employer super contributions (RESC)
- Restructure / restructuring
- Retirement phase
- Revenue
- Reverse charge (GST)
- RFBA (Reportable fringe benefits amount)
- Risk profile
- Rollover
- Running balance account (RBA)
- Salary sacrifice
- SBR (Standard Business Reporting)
- Scenario planning
- SGC (Super guarantee charge)
- Shareholder
- Shareholders agreement
- Shares
- SIC (Shortfall interest charge)
- Small business CGT concessions
- Small business entity (SBE)
- Small business income tax offset
- Small business tax concessions
- SME (Small to medium enterprise)
- SMSF (Self-managed super fund)
- SMSF annual return (SAR)
- SMSF audit
- SMSF trustee
- Sole purpose test
- Sole trader
- Spouse contribution
- Stamp duty / transfer duty
- STP (Single Touch Payroll)
- STP finalisation
- STP Phase 2
- Substantiation
- Succession planning
- Super choice
- Super co-contribution
- Super fund
- Super guarantee (SG)
- Superannuation (super)
- SuperStream
- Tax agent
- Tax avoidance
- Tax evasion
- Tax file number (TFN) declaration
- Tax invoice
- Tax liability
- Tax loss
- Tax minimisation
- Tax offset
- Tax planning
- Tax Practitioners Board (TPB)
- Tax refund
- Tax residency
- Tax return
- Taxable income
- Taxable supply
- Temporary resident (tax)
- TFN (Tax file number)
- Total super balance (TSB)
- Trading trust
- Transfer balance account (TBA)
- Transfer balance cap (TBC)
- Transition to retirement (TTR) pension
- Trial balance
- Trust
- Trust deed
- Trust distribution
- Trust vesting date
- Trustee
- Trustee resolution
- Unit trust
- Virtual CFO
- Voluntary disclosure
- Wealth creation
- Will
- Withholding payer number (WPN)
- Withholding variation
- Work papers
- Work-related expenses
- Workers compensation
- Working capital
- Xero
