Accounting firm glossary

Source doc — posting origin. Ledger — accumulating journal. Trial balance — account turnovers. Balance — remainder. Reconciliation act — counterparty matching.

VAT — value-added tax. SSC — social contribution. Single tax — simplified regime. Tax credit — input VAT. Advance payment — tax prepayment.

Month close — period wrap-up. Books recovery — rebuilding from source docs. Consolidation — group reporting merge. Conversion — software migration.

Outsourcing — turnkey bookkeeping. Payroll — wage processing. Tax compliance — filing support. CFO-as-a-service — outsourced finance director.

Internal control — anti-error/fraud procedures. Segregation of duties — no one posts alone. Audit trail — document change history.

Financial — balance sheet + P&L. Tax — filings. Statistical — for statistics bodies. Management — owner's view. IFRS — international standards.