Double-Entry Accounting
A system of accounting that records each business transaction twice.

Cash Letter
A group of checks accompanied by a paper listing sent to a clearinghouse, a Federal Reserve Bank, or another institution. A cash letter contains a number of negotiable items, mostly checks, accompanied by a letter that lists the amounts and instructions for transmittal to another bank. May also be called a transmittal letter.

Bookkeeping
The task of recording the amount, date, and source of all business revenues and expenses. Bookkeeping is essentially the starting point of the accounting process. Only with accurate bookkeeping numbers can meaningful accounting be

Balance Sheet
A statement listing a business's assets, liabilities, and net worth, or equity.

Adult Protective Services (APS
Adult Protective Services includes the 24-hour, 365 days a year access to assistance and/or referral with reports of physical, sexual or emotional abuse, neglect by caretaker, self-neglect, exploitation and abandonment.

Accounts Receivable
Amounts owed to a business that the business expects to receive.

Invoice
A written record of a transaction, often submitted to a customer or client when requesting payment.

Receipt
A written record of a transaction.

Accounting
term that refers to the overall process of tracking your business's income and expenses, and then using these numbers in various calculations and formulas to answer specific questions about the financial and tax status of the business.

Audit
A systematic review or examination of the assertions or actions of a third party to evaluate conformance to some norm or benchmark.