Business Tools

Check Protector
A check protector is a machine that prints checks in a manner that makes it difficult to alter. It elevates the written amount to create many small bumps on otherwise smooth paper, thereby enhancing check security and reducing the risk of fraud.
Digital Copier
A digital copier is a device that uses digital scanning techniques to copy documents, offering features such as rapid scanning, multi-page printing, digital editing, and network printing capabilities.
Equipment
Machines or major tools necessary to complete a given task. Equipment must be capitalized and written off over the appropriate depreciable life.
Lotus 1-2-3
Lotus 1-2-3 was an integrated computer software package produced by Lotus Development Corporation, widely regarded as one of the best-selling business decision-making tools of its time. This software combines spreadsheet functionalities with data management and graphics capabilities.
Postage Meter
A postage meter is a machine widely used to print postage on envelopes and labels, substituting printed stamps. Authorized by postal services, these machines simplify mailing processes for businesses, ensuring accurate postage and reducing time spent dealing with individual stamps.
Worksheet
A worksheet is a piece of paper used for intermediate calculations, jotting down thoughts, and preliminary notes. It is not included in the final report and serves as a transitional tool for organizing work before transferring it to a more permanent and formal medium such as a spreadsheet or final report.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.