Glossary of Business, Financial, and Computer Terms
940 Payroll Tax Form: The annual federal unemployment tax return. A 940EZ version is supposed to be EZ-er to fill out.
941 Payroll Tax Form: The quarterly federal payroll tax form that tells the IRS what federal employee payroll taxes (Social Security, Medicare, and Federal withholding tax) you’ve collected and remitted.
942 Payroll Tax Form: The quarterly payroll tax form that tells the IRS what domestic employee payroll taxes an employer has collected and remitted.
account: In Quicken, a list of the increases and decreases in an asset’s value or in a liability’s balance.
account balance: The value of an asset or the outstanding principal owed for a liability. For example, the value of a checking account is the cash value of the account. The balance of a mortgage liability is the principal you still owe.
account transfer: An amount you move from one account (such as a checking account) to another (such as a savings account).
account type: Different Quicken versions, or types, of accounts. There are accounts both for keeping records of the things you own — checking, saving, money market, cash, brokerage, IRA or Keogh, 401(k), dividend reinvestment plan, other investments, house, and vehicle — and for keeping records of the amounts you owe (credit card and liability).
Accounts bar: The list of accounts and hyperlinks that appears in a vertical list along the left edge of the Quicken program window. If you click an ...