15 Useful Business Terms
Today we are going to be taking a look at some useful business terms in English. This post will be particularly useful those of you who need to use English in a professional setting. So let’s take a look!
Cash, Equipment or Land
- At the time of his death, his total assets amounted to over £1,000,000!
- The company had to declare bankruptcy as their liabilities were so high.
- Net Loss
When money out exceeds money in.
- The company made a net loss last year so we will need to cut expenses.
- Net Profit
When Money in exceeds money out.
- Thanks to all of our hard work, the company made a net profit this year for the first time ever!
Business to Business/ Business to Customer
- Our company specializes in B2B sales rather than B2C
- Cash Flow
The movement of money in and out of a company.
- We’ve been making a lot of sales recently so we should have a good cash flow.
- Profit Margin
Money made from sales that an individual or company keeps.
- We are offering our services too cheaply, we need to increase our profit margins.
- Accounts Payable
Money you owe.
- We need to closely monitor our accounts payable to make sure we aren’t spending too much money.
- Accounts Receivable
Money that you are owed.
- The Accounts Receivable department is responsible for receiving all the money that we are owed.
- Balance Sheet
A document which shows a company’s key financial information.
- I’ve been going over the figures on our balance sheet and the results are very worrying.
Recording of Finance
- Our accounting team is the most important department in the company.
- To save money we must reduce our monthly expenses.
- Owner’s Equity
% of assets for the owner.
- There has been a change in the owner’s equity during the last quarter.
- We need to find a way to increase our revenue.
- Return on Investment
The amount of profit you will receive compared to the investment you have made.
- I’m sorry but we will need to see a much better return on investment if we are going to put any more money into your company.
Clases de inglés negocios
Now let’s see if you can use them in context!
- __________ involves the systematic recording and reporting of business financial transactions.
- ______ refers to your business’ cumulative financial holdings. These are usually classified as ‘current’ or ‘fixed.’
- We have a lot of ________ every month relating to equipment and inventory.
- If your total expenses exceed your overall revenues, you have a _______. The risk of a _______ is one of many good reasons to keep company costs under control.
- Your _________________, or ROI, shows how much you gained or lost on a business investment relative to how much you spent on it.
- If the purpose of your business is to supply goods and services to other businesses then you are a ___ organization. On the other hand if your business primarily supplies goods and services to customers then you operate a ___ company.
- ________ is the movement of money in and out of your business.
- Usually measured as a percentage _____________ usually refers to the owner’s part of a business.
- A _____________ is a key financial document that shows a snapshot of business assets, liabilities and owner’s equity.
- _________________ is the amount of money your customers or clients owe your business.
- _______________ is the amount of money that you owe others for goods or services provided to you.
- You need to pay any ___________ owed to other businesses.
- _______ refers to the amount of income your business receives.
- ____________ refers to how much profit you keep on your total sales.
- __________ represents total revenue minus total expenses.