Control Account

Business / Accounting / Control Account: An account held in a ledger which summarises the balance of all the accounts in the same or another ledger. Typically each subsidiary ledger will have a control account which will be mirrored by another control account in the nominal ledger (see 'Self-balancing ledgers').

Other Words for Account

Account Noun Synonyms: calculation, accounting, reckoning, computation, (financial) statement, enumeration
MORE

Other Words for Control

Control Noun Synonyms: restraint, check, curb, mastery, command, dominance, domination
Control Verb Synonyms: command, dominate, direct, steer, pilot, hold sway over, rule, exercise power or authority over, govern, manage, lead, conduct, be in control (of), call the tune, guide, oversee, supervise
MORE

Integration Account

Business / Accounting / Integration Account: See Control Account . MORE

Accounts Receivable Ledger

Business / Accounting / Accounts Receivable Ledger: A subsidiary ledger which holds the accounts of a business's customers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the sales ledger. MORE

Accounts Payable Ledger

Business / Accounting / Accounts Payable Ledger: A subsidiary ledger which holds the accounts of a business's suppliers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the purchase ledger. MORE

Real Accounts

Business / Accounting / Real Accounts: Accounts that are not closed to a zero balance at the end of each accounting period: permanent accounts appearing on the balance sheet. MORE

Medical Savings Account (MSA)

Health / Health Insurance / Medical Savings Account (MSA): A trust that employees of small businesses may establish to pay for out-of-pocket medical expenses. MORE

Medical Savings Accounts (MSA)

Business / Human Resources (HR) / Medical Savings Accounts (MSA): Savings accounts designated for out-of-pocket medical expenses. In an MSA, employers and individuals are allowed to contribute to a savings account on a pre-tax basis and carry over the unused funds a MORE

Links
Home
Glossary
Thesaurus