HR

money paid monthly to an employee by an employer, usually to white-collar workers

money paid to a working-class person who performs manual labour, also called blue-collar workers which are usually calculated by the day or an hour but paid weekly

money paid to professionals such as lawyers, doctors and architects

Government pays social security benefits to unemployed and sick people.

all the people who work, employers and owners of companies, pay social security contributions

during a lifetime an employee pays monthly pension contributions, which are then repaid when they retire

Income is the sum of all forms of earnings received by a person in a given period of time.

called revenue in accountancy

revenue minus expenses

a particular amount of money for service or treatment

move money from one account to another

exchange rates that the person is sure to receive in a limited period of time

average rate that is in operation in the market

money that is not in operation in your own country

the rate at which the money of one country can be changed for the money of another country

used as a record of the purchase made

a request for immediate payment

a document that is proof of the payment you just made for the items you purchased

a document that asks a company to supply goods or services giving details such as the price to be paid and the method and date of paymen

a document that a company receives when they buy something, it gives details of the name of the buyer and seller with addresses, price as well as payment conditions

a provisional invoice that you send to your customer before you deliver your goods or services

a legal document given to the customer for the delivery of goods and services under certain conditions

a non-binding request from a customer for sales information: price, availability of goods, delivery date etc.

to give a price which will be charged for doing a piece of work

to calculate the cost or value of something

to examine something to measure or judge their needs or qualities, to judge how much something may be sold for

to check or see the exact size or amount of something

ask questions about something

to examine something in detail

Offering products on sale without keeping any physical inventory. When a retailer receives an order, he passes it to the wholesaler or a producer who then ships the order directly to the customer on behalf of the retailer.

a seller has products stored, so any order from a customer is served from that stock, instead of having to produce or purchase the requested items from a third company

legal documents that are needed in the process of transporting goods from one location to another

the movements of cash into and out of a business in a given period of time

flows of cash into a business, such as revenue and interest from investments

flows of cash out of a business, such as costs and interest on loans

day-to-day activities and dealings

purchase of fixed assets e.g. land, building, furniture, machinery, purchase of intangible assets

issuing shares, repaying debts, payment of dividends to shareholders

(POD) = payment on the receipt of goods

payment is made after the buyer receives an invoice

a type of payment agreement when a seller ships the goods and all the necessary shipping and commercial documents directly to a buyer who agrees to pay a seller’s invoice at a future date

a legal term for a type of payment, often in cash, made in the early stages of a major purchase (e.g. a car or land) which represents a percentage of the full purchase price

on personal income (wages and salaries of individuals)

on property inherited

on profit made from property, sales of stocks and shares and other assets

income tax for companies

levied on the production and sale of goods and services

based on the value-added at each stage of the process and is added to the final price which is paid by the consumer

imposed on the retail price of goods

imposed on the sale of goods like tobacco, petrol, alcohol

(import taxes) imposed on imported goods

paid on goods that are brought into a country

an account that allows customers to take out or withdraw money with no restrictions

a deposit account that pays more interest but has more restrictions on when you can withdraw your money

of money going out

sums of money coming in

In American English, a British cash dispenser or cash machine is called ATM.

used to pay regular fixed sums of money

used when the amount and payments date vary