Assets
Money in business owner's bank account
Cash at Bank
Money borrowed from a financial institution which is secured by an asset (usually house or land)
Mortgage
Money or other assets invested into the business by the owner.
Money received from tenants or people who rent or hire something of yours
Rent Revenue
Wages
Goods the business intends on selling
Inventory
Accounts Payable
Money or other assets withdrawn from the business by the owner
Drawings
Amount charged for services provided eg Hairdresser.
Service Fees
Money paid to promote business
Advertising
Purchased by the business owner as an investment in another company with the intention on making money
Shares
Money borrowed from a financial institution
Bank Loan
Money earned through the sale of goods
Sales
Money paid by a business twice a year to the local council for water and waste management.
Rates
Money not yet received from customers for the sale of goods or services
Accounts Receivable
Money withdrawn from Bank Account and available balance goes below zero.
Bank Overdraft
Percentage of money earned through the sale of something eg a house or car
Money spent by a business as a protection against risk on building, land and other assets.
Insurance