accounting /əˈkaʊntɪŋ/ (n) the process or work of keeping financial accounts Example: Good accounting is needed in all businesses
accumulate /əˈkjuːmjəleɪt/ (v) to gradually get more and more of something over a period of time Example: They have accumulated more than enough information
asset /ˈæset/ (n) a person or thing that is valuable or useful to someone or something Example: The company's asset are worth millions of dollars
audit /ˈɔːdɪt/ (n, v) an official examination of business and financial records to see that they are true and correct Example: The independent accountants audited the company's books
budget /ˈbʌdʒɪt/ (n, v) the money that is available to a person or an organization and a plan of how it will be spent over a period of time Example: The company will have to budget more money for this department next year
build up /'bildʌp/ (v) to increase over time Example: The firm has built up a solid reputation for itself
client /ˈklaɪənt/ (n) a customer Example: We must provide excellent services for our clients, otherwise we will lose them to our competition
debt /det/ (n) a sum of money that someone owes Example: The banks are worried about your increasing debt
outstanding /aʊtˈstændɪŋ/ (adj) extremely good; excellent Example: She has outstanding debts of over £500.
profitably /ˈprɒfɪtəbli/ (adv) that makes or is likely to make money Example: We invested in the stock market profitable
reconcile /ˈrekənsaɪl/ (v) to find an acceptable way of dealing with two or more ideas, needs, etc. that seem to be opposed to each other Example: The accountant found the error when she reconcile the account
turnover /ˈtɜːnəʊvə(r)/ (n) the total amount of goods or services sold by a company during a particular period of time Example: An annual turnover of $75 million