### Accrual accounting
A method of accounting where income and expenses are recorded when they're earned or incurred, not when cash actually changes hands. The alternative is cash basis accounting.

### Balance Sheet
A financial report showing what your business owns (assets), what it owes (liabilities), and what's left over (equity) at a specific point in time.

### Cash basis accounting
A method of accounting where income and expenses are recorded when cash is actually received or paid. Simpler than accrual, and common for small businesses.

### Categorization
The process of labeling a transaction with a category - like _Meals & Entertainment_ or _Software_ - so it appears in the right place on your reports.

### Chart of Accounts (CoA)
A structured list of all the accounts used to record transactions in your books. Your accountant manages this - most business owners don't need to interact with it directly.

### Class
A way to segment transactions by department, location, project, or product line for more granular reporting. Available on the Plus plan.

### Counterparty
The vendor or customer on the other side of a transaction - who you paid or who paid you.

### Entity
A single business within your Kick workspace. If you own multiple businesses, each one is a separate entity.

### General Ledger (GL)
The complete record of all financial transactions in your business, organized by account. The underlying source of truth for all your reports.

### Lock
A setting that prevents changes to a closed period. Your accountant typically locks periods after they've reviewed and finalized the books.

### Memo
A free-text note attached to a transaction for context - useful for explaining what a charge was for.

### Personal entity
A special entity in Kick for connecting personal bank accounts and credit cards. Transactions here don't post to your business books until you move them across.

### Profit & Loss (P&L)
A financial report showing your income, expenses, and net profit or loss over a period. Also called an income statement.

### Reconciliation
The process of matching your transactions in Kick against your official bank statements to confirm everything is accurate. Your accountant typically handles this.

### Rule
An automated instruction that tells Kick how to handle specific transactions - for example, always categorizing Amazon transactions as _Supplies & Equipment_.

### Split
Dividing a single transaction into multiple line items, each with its own category, entity, or class assignment.

### Task
A communication tool in Kick that lets your accountant or team assign you requests, questions, or action items tied directly to specific transactions.

### Transfer
Money moving between two accounts you own - like a bank-to-bank transfer or a credit card payment. Both sides need to be matched in Kick so the movement doesn't inflate your income or expenses.

### Workspace
Your Kick account environment - the single place that contains all your entities, transactions, reports, and settings.