Glossary

 

Gearing
The ratio of long-term loans and preference shares shown as a percentage of total shareholders' funds, long-term loans, and preference shares.

General Ledger
A ledger for all accounts other than those for customers and suppliers. Also known as Nominal Ledger.

Going Concern Concept
The assumption that a business is to continue trading for the foreseeable future.

Goodwill
An intangible asset of a business reflecting its commercial reputation, customer connections, etc.

Gross
The total amount before any deductions.

Gross Loss
Where the cost of goods sold exceeds the sales revenue.

Gross Margin
A measure of the profitability of a business. It is calculated by dividing gross profit by sales and is usually expressed as a percentage.

Gross Profit
The difference between total revenue from sales and the total cost of purchases or materials, with an adjustment for stock.

Where We Work

Tayfield House
38, Poole Road
Westbourne
Bournemouth
Dorset, BH4 9DW

Member of the Certified
Public Accountants
Association  (CPAA)

Additional Services

  • Budget planning & cashflows
  • VAT & Inland Revenue enquiries
  • Bank & investor financial reports
  • Property portfolio management
  • Representation at meetings with:
    • VAT
    • Inland Revenue
    • Local Authorities
    • Government Agencies
    • Banks

Business Sector Expertise

  • Building & construction
  • Charities
  • Conference & entertainment
  • Fast food
  • Hotels & hospitality
  • Housing associations
  • Legal & professional
  • Manufacturing
  • Property management
  • Rest homes
  • Retail
  • Technology
  • Tradesmen