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Merge pull request #87 from neilt/add_accounting_year_gls
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Add accounting year to glossary
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neilt authored Mar 13, 2024
2 parents 541dc61 + c559238 commit 7358522
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7 changes: 7 additions & 0 deletions glossary.tex
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% !TeX spellcheck = en_US
% !TeX root = ledgersmb-book.tex

\newglossaryentry{accounting year}{
name={accounting year},
description={\index{accounting year}An accounting year, which may also be called fiscal year, financial year or budget year
is a twelve month period used for annual financial reporting.
An accounting year may be the same as a calendar year, but most jurisdictions allow the accounting year to be
defined differently from the calendar year.}}

\newglossaryentry{accrual basis}{
name={accrual basis},
description={\index{accrual basis}Income is deemed earned when the customer invoice is prepared and sent, and the expenses
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2 changes: 1 addition & 1 deletion part-processes.tex
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Expand Up @@ -984,7 +984,7 @@ \section{Year-end processing}
\label{sec-business-processes-accounting-year-end-processing}

Year end closing\index{year end} is a concept which prepares the accounting books for the next
accounting year\footnote{Not the calendar year.}\index{accounting year}. There's
\gls{accounting year}\index{accounting year}. There's
no inherent requirement for this process to be run at least once a year.
This procedure closes the books up to the given date.
If the first book year of the company spans more than a year,
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