A periodical record of financial transactions.

Recording transactions when they take place, rather than upon payment.

Loaned money, or part of a payment to be made at a later date.

The total sum, everything added together.

Income deductions allowed by the Inland Revenue, which in turn reduce your tax payment.

Business expenses which may be claimed against your tax payment.

Regular repayment of a loan, covering interest due first, then reducing the principal.

Financial year end accounts.

Money received during a calendar year.

When an asset increases in value, i.e. buying business premises which are then valued at a higher sale price.