The ratio of sales revenue (from the Income Statement or P&L) to accounts receivable (from the Balance Sheet). This ratio measures a company’s ability to convert revenue into cash.

A report that includes the activities of the parent company and its subsidiaries as though they were one company. This is rarely used in small businesses.

A file in which each of a company’s accounts and the balance of those accounts are maintained. In the digital age, this is usually maintained within Quickbooks or other accounting software.