Glossary

A

ABN - Australian Business Number

The ABN, which stands for Australian Business Number, is a one-of-a-kind identifier issued to every business entity operating within Australia.

Accounts Payable

Accounts payable are short-term amounts a business owes for goods or services bought on credit.

Accounts Receivable

Accounts receivable are amounts customers owe a business for sales made on credit.

B

Budget

A budget is a plan for how money will be spent over a set period.

BAS - Business Activity Statement

Learn what a BAS is, what it includes, and how Australian businesses lodge it correctly.

C

CapEx To Revenue Ratio

The CapEx to Revenue Ratio shows how much a business invests in long-term assets compared with its sales revenue.

Cash Budget

A cash budget estimates money coming in and going out over a month, quarter, or year.

Cash Flow Statement

Learn what a cash flow statement shows and why it matters alongside the balance sheet and profit and loss.

Consumption Tax

A tax charged on goods and services when they are purchased or consumed.

CapEx - Capital Expenditures

CapEx is money spent on long-term assets that support the business for more than one year.

D

E

EBIT - Earnings Before Interest & Taxes

Learn what EBIT measures, how it compares operating profitability, and how it differs from net income.

Equity Ratio

A company's assets are everything it owns, including cash, buildings, equipment, and even things like patents.

F

G

GST - Goods and Services Tax

Australia, the Goods and Services Tax, commonly known as GST, is a 10% value-added tax enforced on the majority of goods and services transactions.

H

I

J

K

L

M

N

Net Cash Flow From Investing Activities

Buying and selling long-term assets.

Net Cash Flow From Financing Activities

Cash flows related to how a firm is funded.

Net Cash Flow From Operating Activities

Cash flows from day-to-day operations.

O

P

Q

R

Recipient Created Tax Invoice

Take control of your payments and use a recipient-created tax invoice to pay your supplier proactively, rather than waiting for them to issue an invoice.

S

What is the SBSCH? | Small Business Super Clearing House

Learn what the SBSCH is, how it works, and which employers can use it to pay employee super.

T

U

V

W

X

Y

Z