[ADD] accounting: terminologies terms

Written by Dare Ojo Bello (Matt O'Bell)
Proofread by Johan Bosma (Onestein)

accounting/overview/terminologies.rst

@@ -35,3 +35,58 @@ Accounting Terminologies
      that are deposited together at the bank. This allows an easy
      reconciliation with the bank statement line if the line has one
      line per deposit.
+
+   Journal Entry
+
+     A journal entry is an accounting transaction,
+     usually related to a financial document: invoice, payment,
+     receipt, etc. A journal entry always consists of at least two
+     lines. The sum of the credits of all journal items of a journal
+     entry is equal to the sum of their debits.
+
+   Journal Item
+
+     A line of a journal entry, with a debit or credit
+     associated to an account.
+
+   Analytic Accounts
+
+     Sometimes called **Cost Accounts**, are
+     accounts that are not part of the chart of account and that
+     allows to track costs and revenues. Analytic account are usually
+     structured by projects, departments, etc. Every journal item is
+     posted in a regular account in the chart of account and can be
+     posted to an analytic accounting for reporting purposes.
+
+   Analytic Entries
+
+     Cost or revenues posted to analytic accounts,
+     usually related to journal entries.
+
+   Sales Receipt
+
+     A receipt or other slip of paper issued by a store
+     or other vendor showing where a purchase was made and also the
+     amount, date, department, etc. Sales receipt are usually used
+     instead of invoices if the sale is paid in cash in the store.
+
+   Fixed Assets
+
+     Property owned by the company. Odoo Asset management is used to manage
+     the depreciation / amortization of the asset over the time.
+
+   Deferred Revenues
+
+     Are used to recognize revenues of sales of
+     services that are provided over a long period of time. If you
+     sell a 3 years maintenance contract, you can use the deferred
+     revenue mechanism to recognize 1/36 of the revenue every month.
+
+   Fiscal Position
+
+     Define the taxes that should be applied for a
+     specific customer/vendor or invoice. Example: If some customers
+     benefit for specific taxes (government, construction companies,
+     EU companies that are VAT subjected,…), you can assign a fiscal
+     position to them and the right tax will be selected according to
+     the products they buy.