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This page gives you a clear overview of common terms freelancers and entrepreneurs often come across.
Each term is explained briefly and in plain English.
Expense policy
Expense recognition
Expense tracking
Exporter of Record (EOR)
Financial accountability
Financial administration
Financial audit
Financial control
Financial covenant
Financial disclosure
Financial forecast
Financial health
Financial independence
Financial leverage
Financial obligation
Financial oversight
Financial planning
Financial position
Financial resilience
Financial risk
Financial statements
Financial sustainability
Financial year
Fiscal compliance
Fiscal exposure
Fiscal framework
Fiscal incentive
Fiscal obligation
Fiscal partner
Fiscal policy
Fiscal transparency
Fiscal unity
Fiscal year
Fixed assets
Fixed costs
Foreign VAT
Foreign tax credit
Freelancer
General expenses
General ledger
Going concern
Gross income
Gross margin
Gross operating profit
Gross salary
Healthcare allowance (zorgtoeslag)
Healthcare cost deduction
Impairment loss
Import One Stop Shop (IOSS)
Import duties
Importer of Record (IOR)
Income allocation
Income assessment
Income dependency
Income statement
Income tax
Income verification
Incoterms
Independent contractor
Indirect costs
Input VAT
Input tax
Intangible assets
Internal audit
Internal control
Inventory valuation
Investment decision
Invoice
Invoice number
Key performance indicators
Labour costs
Late payment interest
Legal entity
Legal obligation
Liabilities
Liquidity
Liquidity buffer
Liquidity forecast
Liquidity management
Liquidity planning
Liquidity pressure
Liquidity ratio
Liquidity stress
Management accounts
Management fee
Management reporting
Margin
Net assets
Net profit
Net revenue
Net salary
One Stop Shop (OSS)
Operating budget
Operating cash flow
Operating expenses
Operating leverage
Operating profit
Operational accountability
Operational budgeting
Operational continuity
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