Accessory Goods - products required by commercial operations to conduct business, such as: office copiers, automobile wheel balancers, auxiliary power supplies, air compressors, etc.
Accounts Payable - short term debts incurred as the result of day-to-day operations.
Accounts Receivable - monies due your enterprise as the result of day-to-day operations.
Accrual Based Accounting - an accounting method that enters income and expenses into the books at the time of contract versus when payment is received or expenses incurred.
Assets - all real or intellectual property owned by the enterprise that has a positive financial value.
Balance Sheet - a statement of assets and liabilities.
Barriers to Entry - conditions that create difficulty for competitors to enter the market. For example, copyrights, trademarks, patents, dedicated distribution channels and high initial investment requirements.
Break-Even Point - the point at which revenues are equal to expenses.
Business Services - services offered to commercial enterprises, such as: equipment maintenance, supplying of part time personnel, engineering, design and management consulting, etc.
Capital - the financial investment required to initiate and/or operate an enterprise.
Cash Based Accounting - an accounting method that enters income and expenses into the books at the time when payment is received or expenses incurred.
Cash Flow - the transfer of monies into and out of an enterprise.