ARCHIVÉ Glossaire de la comptabilité - Glossaire anglais-inuktitut-français

ᑮᓇᐅᔭᓕᕆᓂᕐᒧᑦ ᐅᖃᐅᓰᑦ

ᐅᑭᐅᖅᑕᖅᑐᒥ ᓯᓚᑦᑐᓴᕐᕕᒃ, ᓄᓇᑦᑕ ᐃᓕᓴᕐᕕᖓ, ᐃᖃᓗᓐᓂ ᓄᓇᕗᒻᒥ

ᐃᓄᒃᑎᑐᑦ-ᖃᓪᓗᓈᑎᑐᑦ-ᐅᐃᕖᑎᑐᓪ

ᓈᓂᕈᓯᖅᑎᒍᑦ ᐋᖅᑭᒃᓱᖅᓯᒪᔪᓄᑦ ᓇᓗᓇᐃᔭᐅᑦ – ᑮᓇᐅᔭᓕᕆᓂᕐᒧᑦ ᐅᖃᐅᓰᑦ

ᖃᕆᑕᐅᔭᒃᑯᑦ ᐃᑭᐊᖅᑭᕝᕖᑦ ᑐᕌᕈᑎᖏᑦ ᐊᑐᐃᓐᓇᕈᖅᑎᑦᑎᓯᒪᔪᑦ ᑐᑭᓯᒋᐊᕈᑎᐅᔪᑦ ᑕᐃᒎᓯᓂᒃ, ᐋᖅᑭᒃᓱᖅᑕᐅᓯᒪᕗᑦ ᓈᓂᕈᓯᖏᑦ ᒪᓕᒃᖢᒋᑦ.

Lexique – lettre A Lexique – lettre B Lexique – lettre C Lexique – lettre D Lexique – lettre E Lexique – lettre F Lexique – lettre G Lexique – lettre H Lexique – lettre I Lexique – lettre J Lexique – lettre L Lexique – lettre M Lexique – lettre N Lexique – lettre O Lexique – lettre P Lexique – lettre Q Lexique – lettre R Lexique – lettre S Lexique – lettre T Lexique – lettre V Lexique – lettre W

A

Account: ᑭᓇᐅᔭᖁᑎᖃᕐᕕᒃ: Kiinaujaqutiqarvik: compte

A written record of what happens to money.

• Capital account: ᓇᖕᒥᓂᓕᐅᑉ ᑮᓇᐅᔭᑦ ᓇᖕᒥᓂᕆᔭᖏᑦ: Nangminiliup kiinaujat nangminirijangit: compte de capital: An account set up to keep track of how much of his own money a business-owner puts into the business.
• Charge account: ᐊᑭᓕᔅᓴᓂᒍᓐᓇᕐᕕᒃ: Akiliksanigunnarvik: compte ouvert: An arrangement that lets you buy something now and pay for it later. We have a charge account at Northern.
• Controlling account: ᑭᓇᐅᔭᓕᔾᔪᑎᑦ ᐊᒡᒍᖅᓯᒪᓂᖓᑕ ᓄᐊᑦᑕᕐᕕᖓ: Kiinaujanijjuti agguqsimaningata nuattarvinga: compte de contrôle: An account in the general ledger. The balance is the same as the total of the balances of certain related accounts.
• Current account: ᓯᒃᑭᓕᐅᕐᕕᒋᓐᓇᖅᑐᖅ: Sikkiliurviginnaqtuq: compte courant: A kind of bank account in which you can use cheques to put money in and pay money out.
• Deposit account: ᑐᖅᑯᖅᓯᓯᒪᕝᕕᒃ: Tuqquqsisimavvik: compte d'épargnes: A kind of bank account that pays interest (making more money on the money you have in the account.)
• Nominal account: ᐃᓱᒪᓕᑦᑕᕐᕕᓕᒃ: Isumalittarvilik: compte de résultats: An account that is closed at the end of each accounting period. Same as a temporary account.
• Permanent account: ᐊᑐᖅᑕᐅᖏᓐᓇᖅᑐᖅ: atuqtaunginnaqtuq: compte permanent: An account that stays open as long as the assets or debts that are recorded in the account still exist. Same as a real account.
• Real account: ᐊᑐᖅᑕᐅᖏᓐᓇᓇᕆᑦᑐᖅ: Atuqtaunginnalarittuq: compte de valeurs: An account that stays open as long as the assets or debts that are recorded in it still exist. Same as a permanent account.
• Temporary account: ᐃᓱᓕᑦᑕᕐᕕᓕᒃ: Isulittarvilik: compte temporaire: An account that is closed at the end of each accounting period. Same as a nominal account.
• Withdrawals account: ᓇᖕᒥᓂᓕᐅᑉ ᐲᔭᐃᕝᕕᒋᔪᓐᓇᖅᑕᖏᑦ: Nangminiliup piijaivvigijunnaqtangit: compte des prélèvements: An account that is set up to keep track of the money that the owner takes out of the business.

Accountant: ᑮᓇᐅᔭᓕᕆᔨᒻᒪᕆᒃ: Kiinaujalirijimmarik: comptable

A person who prepares, figures out and organizes all the information about the money that is earned and spent by a business.

• Chartered accountant: ᐸᐃᑉᐹᑖᖅᓯᒪᔪᖅ ᑮᓇᐅᔭᓕᕆᔨ-ᒻᒪᕆᐅᓂᕐᒧᑦ: Paippaataaqsimajuq kiinaujalirijimmarimmut: comptable agréé: An accountant who has special professional training and qualifications.
• Public accountant: ᑭᒃᑯᑐᐃᓐᓇᕐᓄᑦ ᑮᓇᐅᔭᓕᕆᒋᒪᕆᒋᔭᐅᕙᑦᑐᖅ: Kikkutuinnarnut kiinaujalirigimarigijauvattuq: expert-comptable: An accountant who will do work for anybody, not just a certain business.

Accounting: ᑮᓇᐅᔭᓕᕆᓂᖅ: Kiinaujaliriniq: comptabilité

Keeping track of the money that is earned and spent in a business, organizing this information, and making decisions about the best ways to use money.

• Accounting cycle: ᑮᓇᐅᔭᓕᕆᓐᓇᕐᒥ ᐃᓕᐅᖅᑕᐅᔭᕆᐊᓖᑦ: Kiinaujalirinnami iliuqtaujarialiit: cycle comptable: All the things that need to be done in accounting during a certain period of time. (See Accounting period.)
• Accounting period: ᑮᓇᐅᔭᓕᕆᓐᓇᖅ: Kiinaujalirinnaq: période comptable: The length of time that a business keeps track of its money before it puts all the information together into a report. (See Fiscal year.)
• Accounting records: ᑮᓇᐅᔭᓕᕆᔪᑦ ᑎᑦᑎᖅᑲᑦ: Kiinaujalirijut tittiqqat: registres comptables: The organized information about what is happening with money in a business.
• Accrual accounting: ᔭᑮᓇᐅᔭᓕᕆᓐᓇᕐᒥ ᓂᕆᐅᓇᖅᑐᑦ ᓇᓗᓇᐃᖅᑕᐅᓯᒪᓂᖏᑦ: Kiinaujalirinnarmi niriunaqtut nalunaiqtausimaningit: comptabilité d'exercice: A method of accounting that includes all the money that has been earned and all the expenses that the business has had, during a certain period of time (accounting period), even though all the money has not actually come in yet, and all the bills have not actually been paid yet.
• Cash basis accounting: ᑮᓇᐅᔭᓕᕆᔾᔪᓯᖅ ᑕᕝᕙᐅᒻᒪᕆᑦᑐᓃᓐᓇᖅ ᓇᓗᓇᐃᖅᓯᓯᒪᓪᓗᓂ: Kiinaujalirijjusiq tavvaummarittuninnaq nalunaiqsisimalluni: comptabilité de caisse: A method of accounting that includes only the money that has actually been received, and the expenses that have actually been paid out, during a certain period of time.
• Cost accounting: ᓇᖕᒥᓂᕆᔭᑉ ᐊᐅᓚᑕᐅᓂᖓᓄᑦ ᐊᑐᖅᑐᑦ: Nangminirijaup aulatauninganut atuqtut: comptabilité de prix de revient: A type of accounting that helps a business keep track of, and control, how much it costs to run the business.
• Double-entry accounting: ᑮᓇᔭᕆᓂᕋᖅᑕᒃᑯᓪᓗ ᐊᑭᓕᔅᓴᕆᓂᕋᖅᑕᒃᑯᓪᓗ ᑎᑎᕋᖅᑕᐅᓯᒪᓂᖏᑦ: Kiinaujaliriniraqtakullu akiliksarinirraqtakullu titiraqtausimaningit: comptabilité en partie double: An accounting system where each item of money information is written in twice, so that it shows on both the credit side and the debit side of the account.

Accounts Payable: ᐊᑭᓕᕆᐊᓖᑦ: Akilirialiit: comptes-fournisseurs

Information about how much money a business owes to others.

Accounts Receivable: ᑮᓇᐅᔭᑦ ᐅᑎᖅᑐᔅᓴᑦ: Kiinaujat utiqtussat: comptes-clients

Information about who owes money to the business, and how much they owe.

Accrual Accounting: ᑮᓇᐅᔭᓕᕆᔪᑦ ᑎᑦᑎᖅᑲᑦ: Kiinaujalirijut tittiqqat: comptabilité d'exercice

A method of accounting that includes all the money that has been earned and all the expenses that the business has had, during a certain period of time (accounting period), even though all the money has not actually come in yet, and all the bills have not actually been paid yet.

Accrue: ᓄᐊᑉᐸᓪᓕᐊᔪᑦ: Nuappalliajut: s'accroître, courir

To be added on naturally. The longer you leave money in the bank, the more interest will accrue.

• Accrued expenses: ᐊᑭᓕᔅᓴᑦ ᑎᑎᕋᖅᑕᐅᓯᒪᙱᑦᑐᑦ: Akilissat titiraqtausimanngittut: frais courus: Expenses that have not been paid yet and therefore have not been written into the accounts.
• Accrued revenue: ᑮᓇᐅᔭᖅᑖᖑᔪᒃᔅᓴᑦ ᑎᑎᕋᖅᑕᐅᓯᒪᙱᑦᑐᑦ: Kiinaujaqtaangujussat titiraqtausimanngittut: revenu couru: Money that has been earned but which has not come in yet, and therefore is not been written into the accounts yet.

Adjusting Entry: ᐋᖅᑭᒋᐊᕈᑎᑦ: Aaqigiaruti: écriture de régularisation

A journal entry that is made at the end of an accounting period to make sure that all the earnings and expense records are up-to-date and correct.

Adjustments: ᐋᖅᑭᒋᐊᖅᑕᐅᓯᒪᔪᑦ: aaqqigiaqtausimajut: ré-ajustement

Changes that are put in certain accounts (see General Ledger) at the end of a certain time period (fiscal period) to bring the accounts up to date.

Advance: ᓯᕗᓂᖓᒍᑦ/ᑐᖓᐅᑦᑎᓯᒪᔪᒥᑦ ᐊᑭᓕᖅᑕᐅᓂᖅ: siviningagut/tungauttisimajumik akiliqtauniq: avance

Part payment for something, earlier than you would normally get the full payment. He asked for an advance on his next pay, because he had run out of money.

Alimony: ᐊᐃᑉᐸᕕᓂᕐᒥᓄᑦ ᑮᓇᐅᔭᐃᔭᕈᑎᖏᑦ: aippavinirminut kiinaujaijarutingit: pension alimentaire

Money that is paid by a separated or divorced spouse to help support the ex-spouse. The amount is usually set up with the help of a lawyer or court.

Amortization: ᐊᑭᖃᕈᓃᖅᐸᓪᓕᐊᓂᖓ: akiqaruniiqpallianinga: amortissement

1. The process of becoming worth less. All things and equipment wear out eventually, so an old thing isn't worth as much as a new thing. Amortization means figuring out how much less something is worth after a certain period of time.
2. It can also refer to a loan: as you make payments, your debt amortizes or becomes less.

Annuity: ᐊᕐᕌᒍᑕᒫᑦ ᓇᓪᓕᐅᒃᑯᒫᕈᓯᐊᑦ: arraagutamaat nalliukkumaarusiat: annuité

A yearly payment that is made to you. You usually make payments into a pension plan or insurance plan now, so that in the future (usually when you're not working anymore) you can receive income every year.

Appreciate: ᐊᑭᑐᓕᖅᐸᓪᓕᐊᔪᖅ: akituliqpalliajuq: s'accroître

When something becomes worth more money than it was at first.

Appreciation: ᐊᑭᑐᓕᖅᐸᓪᓕᐊᓂᖅ: akituliqpallianiq: plus-value

(See Appreciate.)

Articles Of Incorporation: ᓇᖕᒥᓂᑖᕈᒪᓂᕐᒧᑦ ᑐᔅᓯᕋᐅᑎᑦ: nangminitaarumanirmut tussirautit: statuts

The written application which you must send to the government if you want to set up a certain kind of business. (See Corporation.)

Assets: ᐊᑭᓕᓕᒫᑦ ᐱᒋᔭᑦ: akililimaat pigijat: élément d'actif

Anything (including money) that a person or a business owns, which is worth money.

• Capital assets: ᐱᖁᑎᑦ ᐊᑭᑐᔪᑦ: piqutit akitujut: valeur immobilisée: Real things that can be seen and which last a long time, like land, buildings, machines, cars, etc.
• Current assets: ᐊᕐᕌᒍᑉᐸᑦ ᑮᓇᐅᔭᕈᑦᑎᑐᔅᓴᑦ: arraaguppat kiinaujaruttitussat: actif à court terme: Assets that are expected to be turned into cash within the next year.
• Fixed assets: ᐱᖁᑎᑦ ᐱᒋᔭᐅᒃᓲᔭᕐᓂᐊᖅᑐᑦ: piqutit pigijauksuujarniaqtut: immobilisations: Things like land and buildings, which will be useful to a business for a long time, without needing a lot of changes.
• Liquid assets: ᑮᓇᐅᔭᓪᓚᕇᓪᓘᓐᓃᑦ ᑮᓇᐅᔭᓪᓚᕆᙳᖅᑎᑲᐅᑎᒋᔭᒃᓴᐅᔪᓪᓘᓐᓃᑦ: kiinaujallariilluunniit kiinaujallarinnguqtikautigijaksaujulluunniit: liquidités: An asset (like cash) that can be easily used, or something that can easily be changed into cash.
• Net assets: ᓇᖕᒥᓂᐅᑉ ᐊᒥᐊᒃᑯᖏᑦ ᐊᑭᓕᒃᓴᐃᔮᓂᑳᖓᒥ: nangminiup amiakkungit akiliksaijaanikaangami: actif net: The amount that a business still owns after they subtract the cost of all their debts.

Audit: ᑮᓇᐅᔭᓕᕆᐊᕆᕙᒃᑕᑦ ᖃᐅᔨᓴᖅᑕᐅᒻᒪᕆᖕᓂᖏᑦ: kiinaujaliriarivaktat qaujisaqtaummaringningit: vérification

A very careful examination of the accounts of a business, to make sure that all the information is correct. The audit is done regularly by an accountant who is specially trained.

Auditor: ᑮᓇᐅᔭᓕᕆᐊᖑᕙᒃᑐᓂᒃ ᖃᐅᔨᓴᖅᑎᒻᒪᕆᒃ: kiinaujalirianguvaktunik qaujisaqtimmarik: vérificateur

The person who does an audit.

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B

Bad Debt: ᐊᑭᓕᒃᓴᖅ ᐊᑭᓕᖅᑕᐅᕙᓪᓕᐊᙱᑦᑐᖅ: akiliksaq akiliqtauvallianngittuq: mauvaise créance

Money which someone owes you, but which you can't get from him for some reason. You have to accept it as a loss.

Balance: ᑲᑎᑦᑐᒋᑦ ᑮᓇᐅᔭᑦ: katittugit kiinaujat: solde

1. The difference between the right (credit) side of an account and the left (debit) side of the account.
2. The difference between the increases (money in) and the decreases (money out) shown in an account.
3. The amount of money that you have left. The balance in his bank account was only $5.

• Balance due: ᐊᑭᓕᒃᓴᐅᑉ ᐊᒥᐊᒃᑯᖓ: akiliksaup amiakkunga: solde à payer: The amount that you still have to pay.
• Balance sheet: ᑮᓇᐅᔭᐃᑦ ᓇᓗᓇᐃᖅᑕᐅᓂᖏᑦ: kiinaujait nalunaiqtauningit: bilan: A business form that shows information about what the business owns, how much they owe, and what the business is worth.
• Credit balance: ᐃᓯᖅᐸᓪᓕᐊᔪᑦ ᐱᖁᑎᓂᑦ ᐊᑭᓕᔅᓴᓂ, ᐊᓂᕙᓪᓕᐊᔪ ᐱᖁᑎᓂᑦ ᐊᑭᓕᔅᓴᓂᑦ: isiqpalliajut piqutinit akilissani anivalliaju piqutinit akilissanit: profits: The balance when the total of credits is more than the total of debits.
• Debit balance: ᐊᓂᕙᓪᓕᐊᔪᑦ ᐱᖁᑎᓂᑦ ᐊᑭᓕᔅᓴᓂ: anivalliajut piqutinit akilissani: pertes: The balance when the total of debits is more than the total of credits.
• Trial balance: ᐃᓯᖅᐸᓕᐊᔪᓄᑦ ᐊᓂᕙᓪᓕᐊᔪᓄᓪᓗ ᓇᓕᕆᑎᑦᑎᓯᒪᔾᔪᑎ: isiqpaliajunut anivalliajunullu naliritittisimajjuti: bilan équilibré: Showing that the debits and credits in the accounts are equal.

Bankruptcy: ᐊᑭᓕᒃᓴᖃᓗᐊᒧᑦ ᓱᓇᐃᕈᑎᓂᖅ: akiliksaqaluamut sunairutiniq: faillite

A legal situation where a person or business is not able to pay off their debts. Everything that the person or business owns can be sold off in order to pay as much of the debt as possible.

Bill Of Exchange: ᐊᑭᓖᔪᒫᕐᓂᐊᕐᓂᕋᐃᔾᔪᑎ: akiliijumaarniarniraijjuti: lettre de change

A legal written agreement saying that one person or business will pay another person a certain amount of money on a certain date. Examples of a bill of exchange are a Canada Savings Bond or a cheque.

Bill Of Lading: ᐊᐅᓪᓚᖅᑎᑕᐅᓕᐅᓴᔪᑦ ᒥᒃᓵᓄᑦ ᑎᑎᖅᑲᑦ: aullaqtitauniusajut miksaanut titiqqat: connaissement

An official receipt for things that are going to sent. It gives the details about when and how the things will be sent and how much it will cost.

Bill Of Sale: ᓂᐅᕕᕐᓂᕋᐅᑎ: niuvirnirauti: contrat de vente

A legal paper that shows that one person has bought something from another person and now owns it. When James bought the car, he got a bill of sale from David to prove that he owned the car now.

Board Of Directors: ᑲᑎᒪᔩᑦ ᐊᐅᓚᑦᑎᔨᐅᓪᓗᑎᒃ: katimajiit aulattijiullutik: conseil d'administration

A group of people who control and make the decisions about a corporation or business or organization.

Bond: ᑮᓇᐅᔭᓂᑦ ᐊᑐᖅᑐᐊᓂᕐᒧᑦ ᐸᐃᑉᐹᖅ: kiinaujanit atuqtuanirmut paippaaq: obligation

A document or certificate that is given by a company or a government to someone who has given a loan to them. The bond shows that the business or government has borrowed a certain amount of money from the person. It also shows that the company or government agrees to pay the person back by a certain date, and with a certain amount of interest.

Bookkeeping: ᖃᐅᑕᒫᑦ ᑮᓇᐅᔭᓕᕆᐊᖑᕙᒃᑐᑦ: qautamaat kiinaujalirianguvaktut: tenue de livres

The part of accounting that deals with writing down each time money comes in or is spent.

Break-Even Point: ᑮᓇᐅᔭᓕᐅᓐᓇᓂᓗ ᐊᑭᓕᔅᓴᓕᐅᓐᓇᓂᓗ: kiinaujaliunnanilu akilissaliunnanilu: point mort

When a business is at the stage that they don't owe any money but they haven't earned any profit. All the expenses are paid but no extra money has been made.

Bridge Loan: ᐊᑐᑲᐃᓐᓇᕕᒃᓴᖅ: atukannavisaq: prêt temporaire

A temporary loan to help you out while you're waiting to get your real loan, which has been approved but isn't available yet. When he bought the new house, he had to get a bridge loan, because the bank wouldn't give him the mortgage until his old house was sold.

Budget: ᑮᓇᐅᔭᑦ ᐊᑐᖅᑐᒃᓴᑦ: kiinaujat atuqtuksat: prévisions budgétaires

A plan which outlines how much money will be available and how it will be spent.

• Budgeting: ᑮᓇᐅᔭᑦ ᐊᑐᖅᑕᐅᓂᕆᔭᒃᓴᖏᓐᓂᒃ ᐋᖅᑭᒃᓱᐃᓂᖅ: kiinaujat atuqtaunirijaksanginnik aaqqiksuiniq: établissement du budget: Making a plan about how you will spend the money which you will have.

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C

C.A.: c.a.

Chartered accountant. An accountant who has special professional training and qualifications.

C.P.A.: expert-comptable

Chartered Public Accountant. An accountant who has special professional training and qualifications, and who will do work for anyone, not just one employer.

Canada Pension Plan: ᑲᓇᑕᒥ ᐃᑦᑐᖅᓯᐅᑎᒃᓴᓄᑦ ᐃᓕᐅᕋᐃᕝᕕᒃ: kanatami ittuqsiutiksanut iliuraivik: régime des rentes du Canada

A pension plan set up by the Government of Canada. Everybody who works pays a certain share of their income into the program, so that when they get older the government will give them a small amount of money to live on.

Cancelled Cheque: ᓯᒃᑭᓕᐊᖑᓂᑯᕕᓂᖅ: sikkiliangunikuviniq: chèque payé

A cheque that has been paid by the bank and subtracted from the customer's bank account.

Capital: ᐊᑭᑐᔫᑎᑦ: akitujuutit: capital

The total amount of money and things that a business has that are worth money.

• Capital account: ᓇᖕᒥᓂᓕᐅᑉ ᑮᓇᐅᔭᑦ ᓇᖕᒥᓂᕆᔭᖏᑦ: Nangminiliup kiinaujat nangminirijangit: compte de capital: An account set up to keep track of how much of his own money a business-owner puts into the business.
• Capital assets: ᐱᖁᑎᑦ ᐊᑭᑐᔪᑦ: piqutit akitujut: valeur immobilisée: Real things that can be seen and which last a long time, like land, buildings, machines, cars, etc.
• Capital expenditure: ᐊᑭᑐᔫᑎᓄᑦ ᑮᓇᐅᔭᐃᑦ ᐊᑐᖅᑐᑦ: akitujuutinut kiinaujait atuqtut: dépense en capital: Money that is spent on equipment or assets which will be useful for a long time.
• Capital gains: ᐱᖁᑎᕐᔪᐊᓄᑦ ᑭᓇᐅᔭᓕᐅᕈᑎ: piqutirjuanut kinaujaliuruti: gain en capital: The profit (money that you earn after you pay off your expenses) that a person or business makes when they sell capital assets such as buildings or machinery.
• Capital gains tax: ᐱᖁᑎᕐᔪᐊᓄᑦ ᑮᓇᐅᔭᓕᐅᕈᑎᓄᑦ ᑕᒃᓯᔭᕈᑎᖓ: piqutirjuanut kiinaujaliurutinut taksijarutinga: impôt sur les plus-values: The taxes that you have to pay on the money that you make when you sell an asset.
• Capital statement: ᓇᒻᒥᓂᕆᔭᐅᔫᑉ ᑮᓇᐅᔭᖏᑕ ᐊᐅᓚᓂᕆᓯᒪᔭᖏᑦ: namminirijaujuup kiinaujangita aulanirisimajangit: état des capitaux propres: A description of how the worth of a business has changed during a certain period of time (accounting period).
• Working capital: ᑮᓇᐅᔭᑦ ᐊᐅᓚᔾᔪᑎᒃᓴᑦ: kiinaujat aulajjutiksat: fonds de roulement: The money that is available to a business for the day-to-day running of the business. It is what you have left after you have subtracted current liabilities from the current assets.

Capital Cost Allowance: ᓇᒻᒥᓂᕆᔭᐅᔪᑉ ᐊᑭᑦ ᐲᔭᕈᓐᓇᖅᑕᖏᑦ: namminirijaujup akit piijarunnaqtangit: provision pour coût du capital

An amount of money that a business can subtract off its yearly taxes for the cost of certain assets such as buildings or equipment. Buildings, equipment, etc. can become worth less money as they get older and wear out, so the business can also subtract a certain amount for this depreciation every year.

Capital Gains: ᐱᖁᑎᕐᔪᐊᓄᑦ ᑮᓇᐅᔭᓕᐅᕈᑎᑦ: piqutirjuanut kiinaujaliurutit: plus-value, gain en capital

The profit (money that you earn after you pay off your expenses) that a person or business makes when they sell assets such as buildings or machinery. (See Capital assets.)

• Capital gains tax: ᐱᖁᑎᕐᔪᐊᓄᑦ ᑮᓇᐅᔭᓕᐅᕈᑎᓄᑦ ᑕᒃᓯᔭᕈᑎᖓ: piqutirjuanut kiinaujaliurutinut taksijarutinga: impôt sur les gains en capital: The taxes that you have to pay on the money that you make when you sell an asset.

Carry Over: ᓄᑖᒧᑦ ᒪᒃᐱᒐᕐᒧᑦ ᑎᑎᕋᖅᓯᓂᖅ: nutaamut makpigarmut titiraqsiniq: report

To make an entry (write in information about money) on a new page or in a new account.

Carrying Charge: ᐊᑐᖅᑐᐊᕐᓂᒧᑦ ᐊᑭᓕᕆᐊᓖᑦ: atuqtuarnimut akilirialiit: frais de possession

The cost or amount of interest which you have to pay when you borrow money.

Cash: ᑮᓇᔭᓪᓚᕇᑦ: kiinajallariit: argent, encaisse

Real, actual money.

• Cash journal: ᑮᓇᐅᔭᓪᓚᕇᑦ ᒥᒃᓵᓄᑦ ᑎᑎᕋᖅᑕᐅᕙᓪᓕᐊᓲᑦ: kiinaujallariit miksaanut titiraqtauvalliasuut: journal de caisse: A special book or computer file in which you keep track of only those activities that involve cash.

Cash Basis Accounting: ᑮᓇᐅᔭᓕᕆᔾᔪᓯᖅ ᑕᕝᕙᐅᒻᒪᕆᒃᑐᓃᓐᓇᖅ ᓇᓗᓇᐃᖅᓯᓯᒪᓪᓗᓂ: Kiinaujalirijjusiq tavvaummariktuninnaq nalunaiqsisimalluni: comptabilité de caisse

A method of accounting that includes only the money that has actually been received, and the expenses that have actually been paid out, during a certain period of time.

Cash Discount: ᐊᑭᓖᓵᓕᓂᕐᒧᑦ ᐊᑭᓕᕆᐊᕈᑦ: akiliisaalinirmut akiliriarut: escompte de caisse

Sometimes when an invoice is sent to you for something you bought, you may be able to pay less if you pay by a certain date. This is called a cash discount.

Cash Journal: ᑮᓇᐅᔭᓪᓚᕇᑦ ᒥᒃᓵᓄᑦ ᑎᑎᕋᖅᑕᐅᕙᓪᓕᐊᓲᑦ: kiinaujallariit miksaanut titiraqtauvalliasuut: journal de caisse

A special book or computer file in which you keep track of only those activities that involve cash.

Certified Cheque: ᑭᓇᐅᔭᕈᖅᑎᑕᐅᓂᐅᓴᑐᐃᓐᓇᖅᑐᖅ ᓯᒃᑭ: kinaujaruqtitauniusatuinnaqtuq sikki: chèque certifié

A cheque which the bank promises will be cashed. The bank makes a special note on the cheque to prove that it will definitely be cashed.

Charge: ᐊᑭᓕᒃᓴᑎᒍᑦ ᓂᐅᕕᕐᓂᖅ: akiliksatigut niuvirniq: débit, porter au débit

1. To have permission to pay for something later, not at the time you buy it. He asked if he could charge it.
2. The amount that something costs. The charge for cable is $35 a month.
3. To ask for payment. He charged me $10 an hour.
4. To add a debt (money owed) to a certain account. He charged it to his Northern account.

• Charge account: ᐊᑭᓕᒃᓴᓂᒍᓐᓇᕐᕕᒃ: Akiliksanigunnarvik: compte ouvert: An arrangement that lets you buy something now and pay for it later. We have a charge account at Northern.
• Charge card: ᐊᑭᓕᔅᓴᓂᔾᔪᑎ ᐊᐅᑦᑕᔫᖅ: Akilissanijjuti auttajuuq: carte de crédit: A plastic card given to you by a bank or business, which allows you to buy things and pay for them later. Same as a credit card.
• Charge customer: ᓂᐅᕕᖅᐸᑦᑐᓄᑦ ᐊᑭᓕᔅᓴᓂᔾᔪᑎ: niuviqpattunut akilissanijjuti: client avec compte ouvert: A person or business that has been given permission to pay later on for what they buy.

Charitable Donations: ᑐᓐᓂᖁᓯᐊᑦ ᑮᓇᐅᔭᐃᑦ: tunniqusiat kiinaujait: dons de charité

Money that you give as a gift to organizations that are legally and officially listed as non-profit (they don't make any money) helping agencies (examples: a homeless shelter or the Crisis Line.)

Cheque: ᓯᒃᑭ: sikki: chèque

A written order to a bank, telling the bank to pay a certain amount of money to the person whose name is on the written form. The bank pays the money out of the bank account of the person who wrote the cheque.

• Cancelled cheque: ᓯᒃᑭᓕᐊᖑᓂᑯᕕᓂᖅ: sikkiliangunikuviniq: chèque payé: A cheque that has been paid by the bank and subtracted from the customer's bank account.
• Certified cheque: ᑭᓇᐅᔭᕈᖅᑎᑕᐅᓂᐅᓴᑐᐃᓐᓇᖅᑐᖅ ᓯᒃᑭ: kinaujaruqtitauniusatuinnaqtuq sikki: chèque certifié: A cheque which the bank promises will be cashed. The bank makes a special note on the cheque to prove that it will definitely be cashed.
• Dishonoured cheque: ᑮᓇᐅᔭᒃᑯᕕᒻᒧᑦ ᓯᒃᑭᕋᔅᓴᐅᖕᖏᑦᑐᖅ: kiinaujakkuvimmut sikkirassaunngittuq: chèque refusé: A cheque that the bank refuses to cash.
• NSF cheque: ᓯᒃᑭᕈᑎᔅᓴᐅᖕᖏᑦᑐᖅ ᑮᓇᐅᔭᖃᖕᖏᓗᐊᒧᑦ: sikkirutissaunngittuq kiinaujaqanngiluamut: chèque sans provision: A cheque that the bank will not cash because there is not enough money in the account. (NSF means "not sufficient funds.")
• Outstanding cheque: ᓯᒃᑮᕈᑕᐅᓯᒪᔪᖅ ᓇᓗᓇᐃᖅᓯᒪᖕᖏᑦᑐᖅ: sikkiirutausimajuq nalunaiqsimanngittuq: chèque en circulation: A cheque that has been given out which may have been cashed, but not has been recorded on the statement.

Cheque Register: ᓯᒃᑭᓕᐊᖑᔪᑦ ᑎᑎᕋᐅᓯᐅᕝᕕᐊ: sikkiliangujut titirausiuvvia: registre des chèques

A book where you first record every payment that is made by cheque.

Child Tax Benefit: ᓱᕈᓯᒻᒧ ᓯᒃᑭ: surusimmut sikki: crédit d'impôt pour enfants

The amount of money the government gives parents each month, to help them take good care of their kids.

Closing Entry: ᓅᑦᑎᖅᑕᐅᔪᑦ ᐊᕐᕌᒍᒧ ᓄᑖᒧ: nuuttiqtaujut arraagumu nutaamu: écriture de clôture

Entries that are made in temporary accounts to show that the balance of the account has been transferred to another, permanent account.

Closing The Ledger: ᑮᓇᐅᔭᓕᕆᔾᔪᑎᑦ ᒪᑐᔭᐅᓂᖏᑦ: kiinaujalirijjutit matujauningit: clôture du grand livre

The process of transferring the accounts of money that has come in and money that has been paid out, to the business owner's capital account (the account that shows how much money the owner has put into the business.)

Collateral: ᓇᒻᒥᓂᕆᔭᒧᑦ ᓇᓪᓕᐅᑯᒫᖅᓯᔪᑎ: namminirijamut nalliukumaaqsijuti: nantissement

Something you own which you can use to get a loan. If you aren't able to pay the loan back, the lender can keep this property of yours. When John asked the bank for a loan, he had to agree to use his car as collateral.

Commercial: ᑮᓇᐅᔭᓕᐅᕋᓱᐊᕐᕕᒃ: kiinaujaliurasuarvik: commercial

Having to do with business.

Commission: ᓂᐅᕐᕈᑎᖃᑦᑐᒧᑦ ᐊᑭᓕᐅᑕᐅᕋᕐᔪᖅᑐᖅ: niurrutiqattumut akiliutaurarjuqtuq: commission

A payment that is a certain percentage of the value of a sale. It is usually paid to a salesman. The car salesman earned a 10% commission on every car he sold. When he sold a car for $10,000, he earned $1,000.

Common Expenses: ᐊᑭᓕᕆᐊᓕᓐᓄ ᑲᑐᔾᔨᓂᖅ: akilirialinnu katujjiniq: frais communs

Expenses that belong to more than one part of a business, or to more than one person. Example: All the people living in the house paid a part of the common expenses like rent and heat.

Common Share: ᓇᒻᒥᓂᖃᖃᑕᐅᔾᔪᑎ: namminiqaqataujjuti: action ordinaire

Shares that are the same for everyone. None of the people who own part of the business have any special rights or benefits. (See Share; Preferred share.)

Compound Interest: ᑮᓇᐅᔭᑦ ᕿᑐᕐᖏᐅᖅᐸᓪᓕᐊᔪᑦ ᕿᑐᕐᖏᐅᕐᓂᕆᔭᖏᑦ: kiinaujat qiturngiuqpalliajut qiturngiurnirijangit: intérêts composés

Interest that you earn on the interest you have already earned. If you put $100 in the bank, in a year you get $5 interest, so you now have $105. At the end of the second year, you will have earned interest on that $105, not just on the original $100 you first put in.

Comptroller: ᑮᓇᐅᔭᓕᕆᔩᑦ ᑲᒪᔨᖓ: kiinaujalirijiit kamajinga: contrôleur

The person who is in charge of all the accounting in a business. Same as controller.

Contingent Liabilities: ᐊᑭᓕᒃᓴᐅᑐᐃᓐᓇᕆᐊᓖᑦ: akiliksautuinnarialiit: élément de passif éventuel

Debts that you will have to pay only if certain things happen. If your brother takes out a bank loan and you have signed the loan papers too, you will have to pay the bank back if something happens to your brother. This is a contingent liability for you; you will only have to pay if your brother doesn't pay.

Controller: ᑮᓇᐅᔭᓕᕆᔩᑦ ᑲᒪᔨᖓ: kiinaujalirijiit kamajinga: contrôleur

The person who is in charge of all the accounting in a business. Same as comptroller.

Controlling Account: ᑮᓇᐅᔭᓕᔾᔪᑎᑦ ᐊᒡᒍᖅᓯᒪᓂᖓᑕ ᓄᐊᑦᑕᕐᕕᖓ: kiinaujalijjutit agguqsimaningata nuattarvinga: compte de contrôle

An account in the general ledger (the book that contains all the information about a business's money activities). The balance is the same as the total of the balances of certain related accounts.

Consumer: ᓂᐅᕕᖅᑐᖅ: niuviqtuq: consommateur

A person who buys something.

Corporation: ᐱᖁᔭᖅᑎᒍᑦ ᑎᒥᕈᖅᑎᑕᐅᓯᒪᔪᖅ: piqujaqtigut timiruqtitausimajuq: société, compagnie

A type of business which has the legal right to do things as though it were a person. For example, the business can buy things, or get in debt; but the people who actually own the business (see Shares) do not own the things the business buys, and they are not personally responsible for any debts that the business has.

Cost: ᐊᑭ: aki: coût, prix de revient

How much you have to pay for something.

• Fixed costs: ᐋᕿᓱᖅᑕᐅᓯᒪᔪᖅ ᐊᑭᔅᓴᖅ: aaqisuqtausimajuq akissaq: frais fixes: When the amount of money you have to pay out for something doesn't change, no matter how much you do or how much you use the thing. The rent they paid for the storage building was a fixed cost.
• Variable costs: ᐊᓯᔾᔨᑕᖅᑐᖅ ᐊᑭᔅᓴᖅ: asijjitaqtuq akissaq: frais variables: When the amount of money you have to pay out for something changes, depending on how much you do, or how much you use. Buying sealskins was a variable cost, depending on how many pairs of kamiks needed to be made.

Cost Accounting: ᓇᖕᒥᓂᕆᔭᐅᑉ ᐊᐅᓚᑕᐅᓂᖓᓄᑦ ᐊᑐᖅᑐᑦ: Nangminirijaup aulatauninganut atuqtut: comptabilité de prix de revient

A type of accounting that helps a business keep track of how much it costs to run the business, and to control those costs.

Cost-Benefit Analysis: ᒪᑭᒪᔪᓐᓇᕐᒪᖔᖅ ᖃᐅᔨᓴᕐᓂᖅ (ᑭᓇᐅᔭᑎᒍ): makimajunnarmangaaq qaujisarniq kinaujatigu: analyse des coûts et rendements

Figuring out the cost of a certain project or plan, and the advantages and positive results of the project.

Costing: ᐊᑭᔅᓴᕐᓂᑦ ᖃᐅᔨᓴᕐᓂᖅ: akissarnit qaujisarniq: calcul du prix de revient

The process of figuring how much it will cost to do something. Let's do a costing before we decide whether to buy new computers.

Credit: 1. ᖁᕝᕙᓯᕆᐊᕈᑎ ᐊᒻᒧᒋᐊᕈᑎᓗ ᐊᑭᓕᔅᓴᖃᐅᑎᓄ ᐊᑭᓕᓴᖃᐅᑎᐅᖏᑦᑐᓄᓪᓗ 2. ᑮᓇᐅᔭᖅᑕᕈᑕᐅᔪᑦ: 1. quvvasiriaruti ammugiarutilu akilissaqautinu akilissaqautiungittunullu 2. kiinaujaqtarutaujut: crédit

1. Information about money, written in the right side of an account.
2. Money that is received.
3. Permission to buy something without having to pay for it right away. Same as charge.

• Credit balance: ᐃᓯᖅᐸᓪᓕᐊᔪᑦ ᐱᖁᑎᓂᑦ ᐊᑭᓕᔅᓴᓂ, ᐊᓂᕙᓪᓕᐊᔪ ᐱᖁᑎᓂᑦ ᐊᑭᓕᔅᓴᓂᑦ: isiqpalliajut piqutinit akilissani anivalliajut piqutinit akilissanit: solde créditeur: The balance when the total of credits is more than the total of debits.
• Credit card: ᐊᑭᓕᓴᓂᔾᔪᑎ ᐊᐅᑕᔫᖅ: akilisanijjuti autajuuq: carte de crédit: A plastic card that makes it possible for you to buy things without paying right away. Same as charge card.
• Credit memorandum (memo): ᖃᐅᑲᐃᒍᑎ ᑎᑎᕋᖅᓯᒪᔪᖅ: qaukaiguti titiraqsimajuq: note de crédit: A written notice that a certain amount has been added to an account.
• Credit terms: ᐊᑭᓕᔅᓴᓂᓪᓗᓂ ᐊᑭᓕᖅᓱᕆᐊᓕᑦ: akilissanilluni akiliqsurialit: modalités de paiement: The condition under which you are allowed to borrow money. It can include how much you have to pay each month.

Creditor: ᐊᑭᓕᒃᓴᖃᕐᕕᐅᔪᖅ: akiliksaqarviujuq: créancier

The person to whom you owe money.

Currency: ᑮᓇᐅᔭᑦ: kiinaujat: monnaie

The money that is used in a country. The man said he wanted to be paid in American currency, not Canadian.

Current Account: ᓯᒃᑭᓕᐅᕐᕕᒋᓐᓇᖅᑐᖅ: sikkiliurviginnaqtuq: compte courant

A kind of bank account from which you can take money out and write cheques.

Current Assets: ᐊᕐᕌᒍᑉᐸᑦ ᑮᓇᐅᔭᕈᑦᑎᒐᔅᓴᑦ: arraaguppat kiinaujaruttigassat: actif à court terme

Assets that are expected to be turned into cash within the next year.

Current Liabilities: ᐅᓪᓕᒥᒧᑦ ᐊᑭᓕᔅᓴᐃᑦ: ullimimut akilissait: passif à court terme

Debts that are supposed to be paid off within the next year.

Cycle Billing: ᐊᑭᓕᓴᖃᓐᓂᕐᒧ ᓇᓕᖅᑲᖅ (ᑐᔪᐃᕕᑦ): akilisaqannirmu naliqqaq (tujuivit): facturation cyclique

Preparing and mailing information about accounts to customers, on certain days of each month.

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D

Debit: 1. ᖁᕙᓯᒋᐊᕈᑎ ᐊᒻᒧᒋᐊᕈᑎᓪᓗ ᑮᓇᐅᔭᑎᒍ ᐊᑭᓕᔅᓴᖃᐅᑎᓄᑦ ᐊᑭᓕᔅᓴᖃᐅᑎᐅᖕᖏᑐᓄᓪᓗ 2. ᐊᑭᓕᔅᓴᖅ. 3. ᐲᖅᑕᒥᑦ ᑮᓇᐅᔭᒃᑯᕕᒋᔭᒥᑦ: 1. quvasigiaruti ammugiarutillu kiinaujatigu akilissaqautinut akilissaqautiunngitunullu 2. akilissaq 3. piiqtaminiît kiinaujakkuvigijamit: débit, imputation

1. Information about money written in the left side of an account.
2. Information about how much money a person owes for something. Example: My VISA statement showed debits of $300.
3. Information about how much money has been paid out of a person's account. Example: The bank statement showed that my monthly debits were $2,000.

• Debit balance: ᐊᓂᕙᓪᓕᐊᔪᑦ ᐱᖁᑎᓂᑦ ᐊᑭᓕᔅᓴᓂ: anivalliajut piqutinit akilissani: solde débiteur: The balance when the total of debits is more than the total of credits.

Debt: ᐊᑭᓕᒃᓴᖅ: akiliksaq: dette, créance

Money that you owe to someone else.

Debtor: ᐊᓯᒥᓄᑦ ᐊᑭᓕᒃᓴᓕᒃ: asiminut akiliksalik: débiteur

A person who owes money to someone else.

Deduct: ᐲᖅᓯᕕᒃ: piiqsivik: déduire

Take away or subtract a certain amount. I can deduct child care costs off my taxes.

Deduction: ᐲᖅᑕᐅᔪᑦ: piiqtaujut: déduction

A certain amount of money that is subtracted.

• Payroll deduction: ᑮᓇᐅᔾᔭᒃᓵᖑᔪᓂᑦ ᐲᖅᑕᐅᔪᑦ: kiinaujjaksaangujunit piiqtaujut: déductions à la source: The taxes and other things like unemployment insurance, that your employer subtracts from your pay.
• Tax deduction: ᑕᒃᓯᔭᕐᕕᐅᓂᖅ: taksijarviuniq: déductions d'impôts: An amount that you can subtract off your taxes.

Defer: ᓴᓂᕐᕙᐃᑲᓚᐅᕐᓂᖅ: sanirvaikalaurniq: reporter

To put off doing something until a later time.

• Deferred expenditure: ᓯᕗᕙᕆᐊᖅᓯᒪᔪᑦ ᐊᑭᓕᕋᔅᓴᖅ: sivuvariaqsimajut akilirassaq: dépense reportée: An expense that can be spread out over more than one accounting period.
• Deferred liability: ᓯᕗᓂᔅᓴᒧ ᐊᑭᓕᕋᔅᓴᑦ ᓯᕗᕙᕆᐊᖅᓯᒪᔪᑦ: sivunissamu akilirassat sivuvariaqsimajut: passif reporté: A debt that does not have to be paid until some time in the future.

Deficit: ᑮᓇᐅᔭᐃᑦ ᖄᖏᐅᑎᓂᖏᑦ: kiinaujait qaangiutiningit: déficit

A situation when a company's debts or spending are more than its assets or earnings.

Dependant: ᑕᑎᖃᖅᑎ ᐸᖅᑭᔭᐅᔪᖅ: tatiqaqti paqqijaujuq: personne à charge

Someone who depends on another person to support him or her. This is usually a spouse or a child. He had 3 dependants: a wife and 2 kids.

Deposit: ᑮᓇᐅᔭᒃᑯᕕᖕᒨᖅᓯᓂᖅ: kiinaujakkuvingmuuqsiniq: dépôt, acompte

1. To put money into a bank account.
2. To pay a little bit of the cost of something ahead of time. Before we can get a phone, we have to pay a $50 deposit. She paid a $10 deposit on the sewing machine, so the store would hold it for her until she could get it next payday.

• Deposit account: ᑐᖅᑯᖅᓯᓯᒪᕝᕕᒃ: tuqquqsisimavvik: compte d'épargne: A kind of bank account that pays interest.
• Outstanding deposit: ᓇᓗᓇᐃᖅᓯᒪᖕᖏᑦᑐᖅ ᑮᓇᐅᔭᑦ ᐳᖅᑕᐅᓯᒪᔪᑦ: nalunaiqsimanngittuq kiinaujat puuqtausimajut: dépôt non-inscrit: Money that has been put into the bank, but which does not show on the bank statement yet.

Depositor: ᑮᓇᐅᔭᒃᑯᕕᖕᒧᐊᖅᓯᔪᖅ: kiinaujakkuvingmuaqsijuq: déposant

The person or business who puts money into a bank account.

Depreciation: ᐊᑭᓕᒃᓯᕙᓪᓕᐊᔪᖅ: akiliksivalliajuq: amortissement

When something becomes worth less money as time goes by or as it wears out. (See Amortization.) Example: After 5 years of depreciation, the car was only worth half of what he paid for it.

Devaluation: ᐊᑭᖃᑦᑎᐊᕈᓐᓃᖅᑐᖅ: akiqattiarunniiqtuq: dévaluation

When money becomes worth less. Example: At one time the Canadian dollar was worth more than the American dollar, but now devaluation has made the Canadian dollar worth less.

Direct Expenses: ᑐᕋᖓᕝᕕᔅᓴᓪᓚᕆᖓᓄᑦ ᐊᑭᓕᖅᓱᑎᑦ: turangavvissallaringanut akiliqsutit: frais directs

Expenses that are the responsibility of only one department or one person. Example: Snowmobiles are a direct expense of the Renewable Resources Department.

Discount: ᐊᑭᓪᓕᒋᐊᖅᑕᖅ: akilligiaqtaq: escompte

When a seller lets you buy something for less money than it actually costs. The store gave her a discount on the price of duffle because she was buying so much of it.

Dishonoured Cheque: ᑮᓇᐅᔭᒃᑯᕕᒻᒧ ᓯᒃᑮᕋᔅᓴᐅᖕᖏᑦᑐᖅ: kiinaujakkuvimmu sikkiirassaunngittuq: chèque refusé

A cheque that the bank refuses to cash.

Dividend: ᓇᒻᒥᓂᓖᑦ ᑮᓇᐅᔭᓕᐊᖏᑦ: namminiliit kiinaujaliangit: dividende

The part of the profits that a business makes, that is paid to the owners. (See Shareholders, Shares, Stock.) Because she had many shares in the company, she got a large yearly dividend cheque.

Double-Entry Accounting: ᑮᓇᐅᔭᓕᕆᔾᔪᓯᖅ ᑕᕝᕙᐅᒻᒪᕆᒃᑐᓃᓐᓇᖅ ᓇᓗᓇᐃᖅᓯᓯᒪᓪᓗᓂ: Kiinaujalirijjusiq tavvaummariktuniinnaq nalunaiqsisimalluni: comptabilité en partie double

An accounting system where each item of money information is written in twice, so that it shows on both the credit side and the debit side of the account.

Draw: ᑮᓇᐅᔭᓂᑦ ᐱᖅᓯᓂᖅ: kiinaujanit piqsiniq: effectuer un retrait, tirer un chèque

1. To take money out; to withdraw money.
2. To write: draw a cheque means to write a cheque.

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E

Employee: ᐃᖅᑲᓇᐃᔭᖅᑎᖁᑎ: iqqanaijaqtiquti: employé

A person who has been hired to work for someone. He is paid by the person or business that hired him.

Employer: ᐃᖅᑲᓇᐃᔭᕐᕕᒋᔭᖅ: iqqanaijarvigijaq: employeur

The person or business or organization that someone works for.

Endorse: 1. ᐊᖏᕈᑎᖃᓐᓂᖅ 2. ᓇᓗᓇᐃᖅᓯᓂᖅ ᓯᒃᑭᒧᑦ: 1. angirutiqanniq 2. nalunaiqsiniq sikkimut: endosser

1. To approve something; to say it's OK. Example: He was asked to endorse the plan.
2. To sign the back of a cheque. (Your signature shows the bank that it's OK to give you the money.)

Endorsement: 1. ᐊᖏᕈᑎᖃᓪᓚᕆᓐᓂ 2. ᓇᓗᓇᐃᓯᓪᓚᕆᓐᓂᖅ: 1. angirutiqallarinni 2. nalunaisillarinniq: endossement

1. An approval, an "OK." When they got his endorsement, they put in the order.
2. Your signature on the back of a cheque. The bank wouldn't cash the cheque without his endorsement.

Entry: ᑎᑎᕋᖅᓯᓂᖅ: titiraqsiniq: écriture

Each piece of information that is written into journals or accounts.

• Adjusting entry: ᐋᖅᑭᒋᐊᕈᑎ: aaqqigiaruti: écriture de régularisation: A journal entry that is made at the end of an accounting period to make sure that all the earnings and expense records are up-to-date and correct.
• Closing entry: ᓅᑦᑎᖅᑕᐅᔪᖅ ᐊᕐᕌᒍᒧ ᓄᑖᒧᑦ: nuuttiqtaujuq arraagumu nutaamut: écriture de clôture: Entries that are made in temporary accounts to show that the balance of the account has been transferred to another, permanent account.

Equity: ᓇᒻᒥᓂᖁᑎᖃᖅᑎᐅᑉ ᓇᒻᒥᓂᖏᑦ: namminiqutiqaqtiup namminingit: capitaux propres

When you own more of something than you owe on it. The money, and other assets that a business or person still owns after subtracting all debts, is called equity or net assets. The house was worth $150,000, but he only owed $50,000 on it. He had $100,000 equity.

Estimate: ᐊᑭᖏᑦ ᓇᓚᐅᖅᑕᖅᓯᒪᔪᑦ: akingit nalauqtaqsimajuqt: estimation

A reasonable guess about how much something will cost. The actual cost may be higher or lower, once it's all figured out. The estimate for repairs was $300, but the final bill was $400.

Exempt: ᐱᖃᑕᐅᖕᖏᓐᓂᖅ/ᐃᓚᐅᖃᑕᐅᖕᖏᑦᑐᖅ: piqataunnginniq/ilauqataunngittuq: exempt

To be free from, or not included in, some rule or law. This income is tax-exempt means that the income cannot be taxed.

Exemption: ᑖᒃᓯᔭᕈᑕᐅᖕᖏᑦᑐᑦ (ᑮᓇᐅᔭᓕᐅᕐᑦ): taaksijarutaunngittut (kiinaujaliurniît): exemption

[When talking about taxes] certain things and amounts of income that are not taxed.

Expenditures: ᐊᐅᓚᓐᓂᕐᒧᑦ ᐊᑭᓕᐅᑎᑦ: aulannirmut akiliutit: dépenses

Money that has to be paid out in order to run a business or household. Expenditures can include many things, like the cost of rent, or buying equipment, or paying salaries. Same as expenses.

• Capital expenditure: ᐊᑭᑐᔫᑎᓄᑦ ᑮᓇᐅᔭᐃᑦ ᐊᑐᖅᑐᑦ: akitujuutinut kiinaujait atuqtut: dépenses en capital: Money that is spent on equipment or assets which will be useful for a long time. The cost of a new boat was a capital expenditure.
• Deferred expenditure: ᐊᑭᓕᖅᑕᐅᑎᒋᓕᐊᖕᖏᑦᑐᑎᑦ ᐊᑭᓕᐅᑎᑦ: akiliqtautiginianngittutit akiliutit: dépense reportée: An expense that can be spread out over more than one accounting period. The cost of the new trucks was a deferred expenditure; they had 5 years to pay it off.

Expenses: ᐊᐅᓚᑦᑎᔪᓐᓇᐅᑏᑦ: aulattijunnautiti: charge, frais

Money that has to be paid out in order to run a business or household. Expenses can include many things, like the cost of rent, or buying equipment, or paying salaries.

• Common expenses: ᐊᑭᓕᕆᐊᓕᓐᓕᑦ ᑲᑐᔾᔨᓂᖅ: akilirialinnit katujjiniq: frais communs: Expenses that belong to more than one part of a business, or to more than one person. All the people living in the house paid a part of the common expenses like rent and heating oil.
• Direct expenses: ᑐᕌᖓᕕᔅᓴᓪᓚᕆᖓᓄᑦ ᐊᑭᓕᖅᓱᑏᑦ: turaangavissallaringanut akiliqsutiit: frais directs: Expenses that are the responsibility of only one department or one person. Snowmobiles are a direct expense of the Renewable Resources Department.

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F

Financial: ᑮᓇᐅᔭᓕᕆᓂᖅ: kiinaujaliriniq: financier

Having to do with money.

• Financial statement: ᑮᓇᐅᔭᑦ ᐅᓂᒃᑲᐅᓯᕆᔭᐅᓂᖏᑦ: kiinaujat unikkausirijauningit: état financier: A report telling what the money situation of a business is like. It shows things like how much the business earned and what their expenses were.

Fiscal: ᑮᓇᐅᔭᑦ ᒥᒃᓵᓅᖓᔪᑦ: kiinaujat miksaanuungajut: fiscal

Having to do with money. Same as financial.

• Fiscal year: ᑮᓇᐅᔭᑦ ᐊᕐᕌᒍᖓ: kiinaujat arraagunga: exercice financier: A 12-month time period during which a business keeps track of its money. At the end of this time period, the business looks at the accounts and prepares a report about what happened with its money. Then it makes plans for the next 12 months. A fiscal year does not have to be the same as a regular year. For example, a fiscal year can run from March of one year to March of the next year.

Fixed: ᓱᕐᕋᒃᐸᙱᑦᑐᖅ: surrakpanngittuq: fixe

When something stays the same, doesn't change much.

• Fixed assets: ᐱᖁᑎᑦ ᐱᒋᔭᐅᑯᑖᓐᓂᐊᖅᑐᑦ: piqutit pigijaukutaaniaqtut: biens immobiliers: Things like land and buildings, which will be useful to a business for a long time, without needing a lot of changes.
• Fixed costs: ᐋᖅᑭᓱᖅᑕᐅᓯᒪᔪᖅ ᐊᑭᔅᓴᑦ: aaqqisuqtausimajuq akissat: frais, coûts fixes: When the amount of money you have to pay out for something doesn't change, no matter how much you do or how much you use the thing. The rent they paid for the storage building was a fixed cost.

Fund: ᑮᓇᐅᔭᖁᑎᑦ (ᑮᓇᐅᔭᖃᕐᕕᒃ): kiinaujaqutit kiinaujaqarvik: fonds, financer

1. A supply of money. Example: There is a special fund for emergencies.
2. To give money for a certain purpose. Example: The church asked the community to help fund a new parish hall.

• Trust fund: ᑐᖅᑯᖅᑕᐅᓯᒪᔪᑦ ᑮᓇᐅᔭᖁᑎᑦ: tuqquqtausimajut kiinaujaqutit: fonds en fiducie: An amount of money that is given to a person, but the person doesn't have control of the money. Someone else manages it and has to approve what is spent. When the rich man died, he left a trust fund for his young son. The son did not get control of the money until he was 21 years old.

Funding: ᑮᓇᐅᔭᖃᖅᑎᑦᑎᓂᖅ: kiinaujaqaqtittiniq: financement

Money that is given so that a certain project can be done. The women's shelter tried to get funding for new furniture.

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G

GST: t.p.s.

(See Goods And Services Tax.)

Goods And Services Tax: ᑲᓇᑕᐅᑉ ᒐᕙᒪᒃᑯᓐᖏᓐᓄᑦ ᑕᒃᓯᔭᕈᑏᑦ ᐱᖁᑎᓄᑦ ᐱᔨᔅᓯᕋᕈᑎᓄᓪᓗ: kanataup gavamakkunnginnut taksijarutiit piqutinut pijissirarutinullu: taxe sur les produits et services

Extra money that the government says you have to pay for things or services that you buy. It is a certain percentage or share of the price of the thing or service that you're buying.

General Journal: ᑎᑎᖅᓯᕙᓪᓕᐊᕕᒃ ᑮᓇᐅᔭᐃᑦ ᐊᐅᓚᓐᓂᖏᓐᓄᑦ: titiqsivalliavik kiinaujait aulanninginnut: journal général

A simple, easy-to-use journal in which you can write all kinds of information about money.

General Ledger: ᑮᓇᐅᔭᓕᒪᑦ ᐊᐅᓚᓂᖏᓐᓄᑦ ᑎᑎᖅᓯᕕᒃ: kiinaujalimat aulaninginnut titiqsivik: grand livre général

A book or computer file that contains the financial statements (all the information about money that has been earned and spent) of a business.

Grant: ᑮᓇᐅᔭᑦ ᑐᓐᓂᕐᕈᑕᐅᓯᒪᔪᑦ: kiinaujat tunnirrutausimajut: subvention

Money that is given for a certain purpose and that does not have to be paid back as long as it is used for that purpose.

Gross: ᑮᓇᐅᔭᑦ ᐲᖅᓯᕕᐅᓚᐅᖅᑎᓐᓇᒋᑦ: kiinaujat piiqsiviulauqtinnagit: brut, grosse

The total amount of something before any deductions are made.

• Gross income: ᑮᓇᐅᔭᓕᐊᑦ ᐲᖅᓯᕕᐅᓚᐅᖅᑎᓐᓇᒋᑦ: kiinaujaliat piiqsiviulauqtinnagit: revenu brut: The total income that has been earned, before deductions.
• Gross profit: ᑮᓇᐅᔭᓕᐊᑦ ᓇᒻᒥᓂᖁᑎᒋᔭᒥ ᐲᖅᓯᕕᐅᓚᐅᖅᑎᓐᓇᒋ ᐊᑭᓕᕋᔅᓴᖏᓐᓂ: kiinaujaliat namminiqutigijami piiqsiviulauqtinnagi akilirassanginni: profit brut: The money a business earned before they deduct their expenses.

Guarantee: ᐱᖁᔭᑎᒍᑦ ᓱᓕᓂᕋᕈᑎ: piqujatigut suliniraruti: garantie

1. A legal agreement that the company that makes something will give you your money back if anything goes wrong with the thing. The TV had a two-year guarantee. When it broke down after 6 months, he got his money back.
2. A legal promise to do something. He guaranteed that he would take responsibility for paying back the loan.

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H

Honour: ᑲᔪᓯᑎᑦᑎᓂᖅ: kajusitittiniq: honorer

1. To accept a request and follow through on it.
2. To accept and pay a cheque. The bank honoured the cheque even though it was written on a scrap of ordinary paper. The insurance company honoured the request for payment of fire damages.

Human Resources: ᐃᖅᑲᓇᐃᔭᖅᑎᖁᑎᑦ: iqqanaijaqtiqutit: ressources humaines

The people who work for a business or organization.

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i

Income: ᑮᓇᐅᔭᓕᐊᕆᔭᑦ: kiinaujaliarijat: revenu

The money that has been earned.

• Gross income: ᑮᓇᐅᔭᓕᐊᑦ ᐲᖅᓯᕕᐅᓚᐅᖅᑎᓐᓇᒋᑦ: kiinaujaliat piiqsiviulauqtinnagit: revenu brut: The total income that has been earned, before taxes and other things are subtracted.
• Income statement: ᑮᓇᐅᔭᓕᐊᕆᓚᐅᖅᑕᑦ ᓇᓗᓇᐃᔭᖅᑕᐅᓂᖏᑦ: kiinaujaliarilauqtat nalunaijaqtauningit: état des résultats: A report that shows how much money was made or lost during a certain time period.
• Income tax: ᑮᓇᐅᔾᔭᓂᑦ ᐲᔭᖅᑕᐅᔪᑦ ᒐᕙᒪᒃᑯᓐᓂ: kiinaujjasaanit piijaqtaujut gavamakkunni: impôt sur le revenu: The part of your pay that the government takes.
• Net income: ᑮᓇᐅᔭᓵᑦ ᐲᖅᓯᕕᐅᓚᐅᖅᑎᓪᓗᒋᑦ: kiinaujatsaat piiqsiviulauqtillugit: revenu net: The income you are left with after taxes and other deductions have been subtracted.

Income Summary: ᓇᐃᓪᓕᒋᐊᖅᑎᓯᒪᔪ ᑮᓇᐅᔭᐃᑦ ᐅᓂᒃᑳᖅᑕᐅᓯᒪᓂᖏᑦ: nailligiaqtisimaju kiinaujait unikkaaqtausimaningit: sommaire des résultats

The account in which all the money that was earned and the expenses of the business are summarized. The amount of the net income or net loss is then transferred from this account to other appropriate accounts.

Incorporate: ᐱᖁᔭᑎᒍᑦ ᑎᒥᖑᖅᑎᑕᐅᓂᖅ: piqujatigut timinguqtitauniq: incorporer

To set up your business as a corporation.

Indemnity: 1. ᐱᕐᕈᑲᓪᓚᓪᓗᓂ ᓴᐳᒻᒥᔭᐅᓂᖅ 2. ᐊᑭᓕᕈᑕᐅᔾᔪᑎ ᐱᕐᕈᑲᓪᓚᓪᓗᓂ: 1. pirrukallalluni sapummijauniq 2. akilirutaujjuti pirrukallalluni: indemnité

1. Protection from damage, loss, injury or punishment. The mover's contract had an indemnity section, saying that he would not be responsible for any damage that happened.
2. Payment for damage, loss or injury. He had to pay indemnities when his car ran into the neighbour's house.

Inflation: ᑭᓱᑐᐃᓐᓇᐃᑦ ᐊᑭᑦᑐᐸᓪᓕᐊᓂᖏᑦ: kisutuinnait akittupallianingit: inflation

A situation in which the price of things keeps going up, and your money doesn't buy as much as before.

Insurance: ᓇᓪᓕᐅᒃᑯᒫᑦ: nalliukkumaat: assurance

A protection plan that helps you if something you have is lost, damaged, stolen, etc. You pay a small amount regularly into the program. Then if something happens, the insurance program will pay you so you can replace the thing that has been taken away from you or damaged.

• Unemployment insurance: ᐃᖅᑲᓇᐃᔭᙱᑦᑐᖅᓯᐅᑏᑦ: iqqanaijanngittuqsiutiit: assurance-chômage: A government plan that protects you for a while if you lose your job. The government pays you a certain amount of money for a while, to give you time to find a new job.

Interest: ᕿᑐᕐᖏᐅᕈᑏᑦ: qiturngiurutiit: intérêts

1. The price you pay for using (borrowing) someone else's money.
2. The payment you get for letting someone use (borrow) your money.

• Compound interest: ᑮᓇᐅᔭᑦ ᕿᑐᕐᖏᐅᖅᐸᓪᓕᐊᔪᑦ ᕿᑐᕐᖏᐅᕐᓂᕆᔭᖏᑦ: kiinaujat qiturngiuqpalliajut qiturngiurnirijangit: intérêts composés: Interest that you earn on the interest you have already earned. If you put $100 in the bank, in a year you get $5 interest, so you now have $105. At the end of the second year, you will have earned interest on that $105, not just on the original $100 you first put in.
• Interest rate: ᖄᒃᑲᓐᓂᐊᒍᑦ ᐊᑭᓕᖅᓱᐃᓂᖅ: qaakkanniagut akiliqsuiniq: taux d'intérêts: The amount of interest you pay or earn. It is usually a certain percentage of the total amount of money you borrow or lend. The bank charged a 10% interest rate on loans. When I borrowed $1,000, I had to pay $1,100 back.
• Simple interest: ᐊᑐᖅᑐᐊᓪᓚᕆᑦᑕᒧ ᐊᑭᓕᖅᓱᐃᓂᖅ/ᕿᑐᖕᖏᐅᕈᑦ: atuqtuallarittamu akiliqsuiniq/qitunngiurut: intérêts simples: Interest that is earned only on the original amount of money. If you put $100 in the bank, each year you might be paid interest only on that $100, not on any of the interest that you earn. (See Compound interest above.)

Inventory: ᓇᓴᖅᓯᒪᔪᑦ ᓇᒻᒥᓂᖁᑎᒋᔭᑦ ᐱᖁᑎᖏᑦ: nasaqsimajut namminiqutigijat piqutingit: inventaire

A list of all the things that a business has, and how much they are worth.

Invest: ᑮᓇᐅᔭᓕᐅᕋᓱᐊᕐᓂᖅ: kiinaujaliurasuarniq: investir

Putting your money into a business or project with the hope that you will make more money.

Investment: ᑮᓇᐅᔭᓕᐅᕋᓱᐊᕐᓂᖅ: kiinaujaliurasuarniq: investissement

(See Invest.)

Investor: ᑮᓇᐅᔭᓕᐅᕋᓱᐊᖅᑎ: kiinaujaliurasuaqti: investisseur

A person who puts money into a business with the hope that he will make more money.

Invoice: ᐊᑭᓕᖅᑕᐅᔪᒪᔾᔪᑎ: akiliqtaujumajjuti: facture

A written form that shows what a person bought, how much it cost, and any other costs the person owes, like shipping costs.

• Purchase invoice: ᐊᑭᓕᖅᑕᐅᔪᒪᔾᔪᑎ ᓂᐅᕕᖅᑑᑉ ᓇᓕᖅᑲᑦᑕᖓ: akiliqtaujumajjuti niuviqtuup naliqqattanga: preuve d'achat: The copy of the invoice which the buyer keeps.
• Sales invoice: ᐊᑭᓕᖅᑕᐅᔾᔪᑎᔅᓴᒧ ᓂᐅᕕᖅᑎᐅᑉ ᓇᓕᖅᑲᑖᖓ: akiliqtaujjutissamu niuviqtiup naliqqataanga: preuve de vente: The copy of the invoice which the seller keeps.

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J

Joint: ᑲᑐᔾᔨᖃᑎᒌᑦᑑᒃ: katujjiqatigiittuuk: commun, conjoint

When two things are combined together.

• Joint account: ᑲᑐᔾᔨᖃᑎᒌᓪᓗᓂ ᑮᓇᐅᑯᕕᖃᐅᑎ: katujjiqatigiilluni kiinaukuviqauti: compte en commun, conjoint: A bank account that belongs to two or more people together. Both people can take money out of that account.
• Joint expenses: ᑲᑐᔾᔨᔫᒃ ᐊᑭᓕᓴᓂᑦ: katujjijuuk akilisanit: frais communs: The total of the expenses that two or more people are responsible for.
• Joint cost: ᐊᑕᐅᓯᕐᒨᖓᔪᓄᑦ ᐊᑭᖓ: atausirmuungajunut akinga: coût commun: The single amount you have to pay for two or more different items. The joint cost of the computer and printer was $3,000.
• Joint venture: ᑲᑐᔾᔨᖃᑎᒌᓪᓗᑎᑦ ᓇᒻᒥᓂᖃᕐᓂ: katujjiqatigiillutit namminiqarni: société en coparticipation: A business activity that two or more businesses are involved in together. Johnny had a construction business. Simon had a plumbing and heating business. They decided to start a joint venture, building houses together.

Journal: ᑮᓇᐅᔭᓄᑦ ᑎᑎᕋᖅᓯᕕᒃ: kiinaujanut titiraqsivik: journal

A book where money activities are recorded first. This information is then transferred to the appropriate accounts in the ledger.

• General journal: ᑎᑎᖅᓯᕙᓪᓕᐊᓂᖅ ᑮᓇᐅᔭᐃᑦ ᐊᐅᓚᓂᖏᓐᓂ: titiqsivallianiq kiinaujait aulaninginni: journal général: A simple, easy-to-use journal in which you can write all kinds of money information.
• Journalize: ᑮᓇᐅᔭᓕᕆᕝᕕᓐᓄᑦ ᑎᑎᕋᖅᓯᓂᖅ: kiinaujalirivvinnut titiraqsiniq: journaliser: Writing information in a journal.

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L

Ledger: ᑲᑎᓯᒪᓂᖏ ᑮᓇᐅᔭᓄ ᑎᑎᖅᓯᕕᖏᑕ: katisimaningi kiinaujanu titiqsivingita: grand livre

A group of accounts.

• General ledger: ᑮᓇᐅᔭᓕᒫᑦ ᐊᐅᓚᓂᖏᓐᓄᑦ ᑎᑎᖅᓯᕕᒃ: kiinaujalimaat aulaninginnut titiqsivik: grand livre général: A book or computer file that contains the financial statements (all the information about money that has been earned and spent) of a business.

Liability: ᐊᑭᓕᕆᐊᓖᑦ: akilirialiit: créance, responsabilité

1. Debts. The amount of money you owe to others. The plural is liabilities.
2. Responsibility. Because he owned the small business by himself, he had to take liability for all the business debts.

• Contingent liabilities: ᐊᑭᓕᒃᓴᐅᑐᐃᓐᓇᕆᐊᓖᑦ: akiliksautuinnarialiit: passif éventuel: Debts that you will have to pay only if certain things happen. If your brother takes out a bank loan and you have signed the loan papers too, you will have to pay the bank back if something happens to your brother. This is a contingent liability for you; you will only have to pay if your brother doesn't pay.
• Current liabilities: ᐅᓪᓗᒥᒧᑦ ᐊᑭᓕᔅᓴᐃᑦ: ullumimut akilissait: dettes à court terme: Debts that are supposed to be paid off within the next year.
• Deferred liability: ᓯᕗᓕᔅᓴᒧᑦ ᐊᑭᓕᕋᔅᓴᑦ ᓯᕗᕙᕆᐊᖅᓯᒪᔪᑦ: sivulissamut akilirassat sivuvariaqsimajut: passif reporté: A debt that does not have to be paid completely until some time in the future.

Liquid Assets: ᑮᓇᐅᔭᓪᓚᕇᓪᓘᓐᓃᑦ ᑮᓇᐅᔭᓪᓚᕆᓐᖑᖅᑎᑲᐅᑎᒋᔭᒃᓴᐅᔪᓪᓘᓐᓃᑦ: kiinaujallariilluunniit kiinaujallarinnguqtikautigijaksaujulluunniit: liquidités

An asset (like cash) that can be easily used, or something that can easily be changed into cash. His liquid assets included $5,000 in cash and a couple of Canada Savings Bonds.

List Price: ᓴᓇᓯᒪᔫᑉ ᐊᑭᖁᑎᖓ: sanasimajuup akiqutinga: prix courant

The official price of something. This is usually set by the company that makes the thing. A business can sell it for less. Example: The list price of the computer was over $2,000, but he got it for only $1,500.

Loan: ᐊᑐᖅᑐᐊᒐᖅ: atuqtuagaq: prêt

Money that someone gives you, but you have to pay it back.

• Bridge loan: ᐊᑐᖅᑐᐊᑲᐃᒐᕋᒃᓴᖅ: atuqtuakannarasaq: prêt intérimaire: A temporary loan to help you out while you're waiting to get your real loan, which has been approved but isn't available yet. When he bought the new house, he had to get a bridge loan, because the bank wouldn't give him the mortgage until his old house was sold.

Loss: ᑮᓇᐅᔭᓕᐅᙱᓗᐊᖅᑐᖅ: kiinaujaliunngiluaqtuq: perte

The money a business still owes when it has used all its earnings to pay off debts and expenses. When the total amount of money coming in is less than the total money being paid out. This is the second year in a row that the store has run at a loss.

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M

Maturity: ᑮᓇᐅᔭᐅᑉ ᓈᒻᒪᓯᕝᕕᖓᑕ ᓇᓪᓕᐅᑎᓂᖓ: kiinaujaup naammasivvingata nalliutininga: date d'échéance

The time or date when something (for example, a bond or an insurance policy) is supposed to be paid to you in the full amount that it is now worth.

• Maturity value: ᑮᓇᐅᔭᐅᑉ ᓈᒻᒪᓯᕝᕕᖓ ᐊᑭᒋᓕᖅᑕᖓ: kiinaujaup naammasivvinga akigiliqtanga: valeur à l'échéance: The full amount that something is worth after it has earned interest for a specific length of time.

Merchandise: ᓂᐅᕐᕈᑎᑦ: niurrutit: marchandise

Things that are sold to others. Northern sells all kinds of merchandise, from groceries to rifles.

Mortgage: ᐃᓪᓗᖁᑎᑖᕋᓱᖕᓂᕐᒧᑦ/ᓄᓇᖁᑎᑖᕋᓱᖕᓂᕐᒧᑦ ᐊᑭᓕᒃᓴᖓ: illuqutitaarasungnirmut/nunaqutitaarasungnirmut akiliksanga: hypothèque

A loan which you get so that you can buy property (usually a house or building.)

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N

NSF Cheque: ᓯᒃᑮᕈᑎᔅᓴᐅᖕᖏᑦᑐᖅ ᑮᓇᐅᔭᖃᖕᖏᓗᐊᒧᑦ: sikkiirutissaunngittuq kiinaujaqanngiluamut: chèque sans provision

A cheque that the bank will not cash because there is not enough money in the account. (NSF means "not sufficient funds.")

Net: ᐊᒥᐊᒃᑯᑦ ᐲᔭᐃᕕᐅᓚᐅᖅᑎᓪᓗᒋᑦ: amiakkut piijaiviulauqtillugit: net

The amount of something after all the deductions or expenses have been subtracted.

• Net assets: ᓇᖕᒥᓂᐅᑉ ᐊᒥᐊᒃᑯᖏᑦ ᐊᑭᓕᒃᓴᐃᔭᕇᕋᐃᒐᒥ: nangminiup amiakkungit akiliksaijariiraigami: actif net: The amount of money and other things that a business still owns after it has subtracted all debts and expenses.
• Net income: ᑮᓇᐅᔭᑖᑦ ᐲᖅᓯᕕᐅᓚᐅᖅᑎᓪᓗᒋᑦ: kiinaujataat piiqsiviulauqtillugit: revenu net: The earnings you are left with after taxes and other deductions have been subtracted.
• Net profit: ᐲᔭᐃᕕᐅᓚᐅᖅᑎᓪᓗᒋᑦ ᓇᒻᒥᓂᖃᖅᑎᐅᑉ ᑮᓇᐅᔭᓕᐊᖏᑦ: piijiaiviulauqtillugit namminiqaqtiup kiinaujaliangit: bénéfice net: The money a business has earned after it has subtracted all its debts and expenses.

Nominal Account: ᐃᓱᒪᓕᑦᑕᕐᕕᓕᒃ: isumalittarvilik: compte de résultats

A temporary account: An account that is closed at the end of each accounting period.

Non-Profit: ᑮᓇᐅᔾᔭᒐᓱᓐᖏᑦᑐᑦ: kiinaujjagasunngittut: non-lucratif

An organization or business that is not set up to make money. A church or the Crisis Line are examples of organizations that give a service but do not make money from it. All the money they get is supposed to go for the expenses of giving the service.

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O

Old Age Security: ᐃᑦᑐᖅᓯᐅᑎᑦ: ittuqsiutit: pension de vieillesse

A program that the government has for everybody who is 65 years old or older, to give them a little bit of money to live on. (See Pension Plan.)

Outstanding: ᐱᔭᕇᖅᑕᐅᓯᒪᖕᖏᑦᑐᑦ: pijariiqtausimanngittut: impayé, non-réglé

Not yet taken care of.

• Outstanding cheque: ᓯᒃᑮᕈᑕᐅᓯᒪᔪᖅ ᓇᓗᓇᐃᖅᓯᒪᖕᖏᑦᑐᖅ: sikkiirutausimajuq nalunaiqsimanngittuq: chèque en circulation: A cheque that has been given out but which has not been cashed yet.
• Outstanding deposit: ᓇᓗᓇᐃᖅᓯᒪᖕᖏᑦᑐᖅ ᑮᓇᐅᔭᑦ ᐴᖅᑕᐅᓯᒪᔪᑦ: nalunaiqsimanngittuq kiinaujat puuqtausimajut: dépôt non-inscrit: Money that has been put into the bank, but which does not show on the bank statement yet.

Overhead: ᐊᐅᓚᔾᔪᑎᓪᓚᕆᑐᐊᓄᑦ ᐊᑭᖏᑦ: aulajjutillarituanut akingit: frais généraux

Certain expenses that you have when you run a business. It includes things like rent, heat, etc., but does not include salaries or the cost of materials.

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Partnership: ᓇᒻᒥᓂᖃᑎᒌᕐᓂᖅ (ᑲᑐᔾᔨᖃᑎᒌᕐᓂᖅ): namminiqatigiirniq katujjiqatigiirniq: société en nom collectif

A private business (not a corporation) that is owned by two or more people. These owners themselves must pay any business debts, or the courts can take their personal property.

Pay Period: ᐃᖅᑲᓇᐃᔭᕐᓂᒻᒧ ᐊᑭᓕᖅᑕᐅᕝᕕᒃ/ᓯᒃᑮᑕᕐᕕᑦ: iqqanaijarnimmut akiliqtauvvik/sikkiitarvit: période de paie

The time period that you get paid for each payday. Example: His employer owed him money for the pay period May 1 to May 14.

Payroll: ᐃᖅᑲᓇᐃᔭᖅᑎᑦ ᐊᑭᓕᖅᓱᖅᑕᐅᔪᑦ: iqqanaijaqtit akiliqsuqtaujut: liste de paie

A list of all the employees in a business, and how much pay they get.

• Payroll deductions: ᑮᓇᐅᔾᔭᒃᓵᖑᔪᓂᑦ ᐲᖅᑕᐅᔪᑦ: kiinaujjaksaangujunit piiqtaujut: déductions à la source: All the things that are subtracted from your pay, like taxes and unemployment insurance.
• Payroll register: ᐃᖅᑲᓇᐃᔭᖅᑎᓄ ᐊᑭᓕᖅᓱᖅᑕᐅᓂᖏᑦᑕ ᑎᑎᖅᑲᖁᑎᖏᑦ: iqqanaijaqtinut akiliqsuqtauningitta titiqqaqutingit: livre de paie: A business form which shows all the payroll information.

Pay Slip: ᓯᒃᑭᐅᑉ ᓇᓕᖅᑲᖓ: sikkiup naliqqanga: feuille de paie

A piece of paper that shows how much money you earned and what deductions were made for each pay period.

Pension Plan: ᐃᑦᑐᐊᕿᔾᔪᑭᓱᖅ ᓂᖏᐅᕿᔾᔪᑎᔅᓴᖅ/ᐃᓐᓇᑐᖃᐅᔾᔪᓯᐊᓴᒧᑦ ᑮᓇᐅᔭᑎᒍᑦ ᑐᖅᑯᐃᕖᑦ: ittuaqijjukisuq ningiuqijjutissaq/innatuqaujjusiasamut kiinaujatigut tuqquiviit: régime de retraite

A way of having money available when you are older and not working any more. Usually, you put money into the pension plan a little bit at a time during the years that you are working.

• Canada Pension Plan: ᑲᓇᑕᒥ ᐃᑦᑐᖅᓯᐅᑎᒃᓴᓄᑦ ᐃᓕᐅᖃᐃᕝᕕᒃ: kanatami ittuqsiutiksanut iliuqaivvik: régime des rentes du Canada: A pension plan set up by the Government of Canada. Everybody who works pays a certain share of their income into the program.

Permanent Account: ᐊᑐᖅᑕᐅᖏᓐᓇᖅᑐᖅ: atuqtaunginnaqtuq: compte permanent

An account that stays open as long as the assets or debts that are recorded in the account still exist.

Petty Cash: ᑮᓇᐅᔭᑦ ᐊᑐᐃᓐᓇᐃᑦ: kiinaujat atuinnait: petite caisse

Money that a business puts aside for paying small expenses such as postage or travel expenses or office supplies that run out. Example: She used money from petty cash to pay for gas for the company truck.

Posting: ᑮᓇᐅᔭᓕᕆᔾᔪᑎᒃᑯᑦ ᓈᓴᐅᑎᓂᑦ ᑎᑎᖅᓯᕙᓪᓕᐊᓂᖅ: kiinaujalirijjutikkut naasautinit titiqsivallianiq: report

Copying information from a journal (the first book in which you write down information about money) into a ledger (the group of accounts which has all the final information.)

Preferred Share: ᐊᔪᓐᖏᔾᔪᑎᖃᓐᓂᖅᓴᖅ ᓇᒻᒥᓂᖃᖃᑕᐅᔾᔪᑎᒧᑦ: ajunngijjutiqanniqsaq namminiqaqataujjutimut: action privilégiée

A share (part-ownership of a company) that gives the owner special rights or earnings.

Premium: 1. ᓇᓪᓕᐅᑯᒫᕈᑎᓄᑦ ᑮᓇᐅᔭᑦ ᓴᓂᕐᕙᑦᑕᐅᕙᓪᓕᐊᔪᑦ 2. ᖄᒃᑲᓐᓂᐊᒍ ᐱᑕᕈᑎ (ᓂᐅᕕᕐᓗᓂ) 3. ᐱᓪᓚᕆᐅᓂᖅᓴᖅ: 1. nalliukumaarutinut kiinaujat sanirvattauvalliajut 2. qaakkanniagut pitaruti (niuvirluni) 3. pillariuniqsaq: prime, meilleur

1. A small amount of money that you pay regularly for an insurance plan. He paid a monthly premium of $25 for his life insurance plan.
2. Something extra; a reward. The store advertised that they would give you a free CD as a premium, if you bought a CD player.
3. Better than average; of high quality. The premium ice cream was made with real cream, while the regular stuff was made with milk.

• Premium on shares: ᓇᒻᒥᓂᖃᖃᑕᐅᔪᑎ ᖄᒃᑲᓐᓂᐊᒍᑦ ᐊᑭᓖᔾᔪᑎᓕᑦ: namminiqaqataujuti qaakkanniagut akiliijjutilit: prime à l'émission d'actions: An extra amount you pay for a share, more than the amount it is supposed to be worth.

Prepaid: ᐊᑭᓕᖅᑕᐅᒌᖅᓯᒪᔪᖅ ᐊ: akiliqtaugiiqsimajuq a: prépayé

The buyer has paid for something before he actually gets it.

Profit: ᑮᓇᐅᔾᔭᓕᐅᕐᓂᖅ: kiinaujjaliurniq: bénéfice

The money a business has earned after it has paid off all its debts.

• Gross profit: ᑮᓇᐅᔭᓕᐊᑦ ᓇᒻᒥᓂᖁᑎᒋᔭᒥᑦ ᐲᖅᓯᕕᐅᓚᐅᖅᑎᓐᓇᒋᑦ ᐊᑭᓕᕆᐊᓕᖏᓐᓂᒃ: kiinaujaliat namminiqutigijamit piiqsiviulauqtinnagit akilirialinginnik: profit brut: The money a business has earned before it subtracts its expenses.
• Net profit: ᐲᔭᐃᕕᐅᓚᐅᖅᑎᓪᓗᒋᑦ ᓇᒻᒥᓂᖃᖅᑎᐅᑉ ᑮᓇᐅᔭᓕᐊᖏᑦ: pijaiviulauqtillugit namminiqaqtiup kiinaujaliangit: bénéfice net: The money a business has earned after it has subtracted all its debts and expenses.

Profit Margin: ᑮᓇᐅᔭᓕᐅᕈᑎᑦ ᐊᑭᓕᕋᔅᓴᑦ ᐲᔭᓚᐅᖅᑎᓪᓗᒋᑦ: kiínaujaliurutit akilirassat piijalauqtillugit: marge bénéficiaire

The percentage that a business earns as profit on the things that it sells, after all the debts and expenses are subtracted. The store bought videotapes for $2 each. They sold them for $4 each. After they subtracted all the expenses involved, they made a profit of 50 cents on each videotape. Their profit margin on videotapes was 25%.

Promissory Note: ᐊᑭᓕᕐᓂᐊᓂᕋᕈᑎ: akilirnianiralariruti: billet à ordre

A written promise to pay a certain amount of money by a certain date.

Proprietor: ᓇᒻᒥᓂᖃᖅᑎ: namminiqaqti: propriétaire

The person who owns a private business (not a corporation).

Proprietorship: ᓇᒻᒥᓂᖃᕐᓂᖅ: namminiqarniq: propriété

Owning a business.

Purchase: ᓂᐅᕕᓂᖅ: niuvirniq: achat

To buy something.

• Purchase invoice: ᐊᑭᓕᖅᑕᐅᔪᒪᔾᔪᑎ ᓂᐅᕕᖅᑑᑉ ᓇᓕᖅᑲᑦᑕᖓ: akiliqtaujumajjuti niuviqtuup naliqqattanga: preuve d'achat: The copy of the invoice which the buyer keeps.
• Purchase order: ᓂᐅᕕᕈᓐᓇᐅᑎ: niuvirunnauti: bon de commande: A written paper that is given to the seller, showing what you want to buy from the seller.
• Purchase requisition: ᓂᐅᕕᖅᑐᓯᐅᑎᑕᕈᒪᔾᔪᑎ ᐱᖁᑎᓄᑦ ᐱᔨᔅᓯᕈᑎᓄᓪᓗ: niuviqtusiutitarumajjuti piqutinut pijissirutinullu: demande d'approvisionnement: A written paper that tells your employer what you want them to buy for you on the job.

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Quote: ᐊᑭᓴᖅᓯᐅᕐᓂᖅ: akisaqsiurniq: donner un prix

A statement of how much something will cost if you buy it. When Mark was looking around for a snowmobile to buy, he went to every dealer in town. The Ski-Doo dealer gave him the cheapest quote.

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RRSP: REER

(See Registered Retirement Savings Plan.)

Ratio: ᐊᔾᔨᒌᖕᖏᒻᒪᖔᑕ ᖃᐅᔨᓴᕐᓂᖅ: ajjiginngiimmangaata qaujisarniq: ratio, coefficient

A way of showing how the amount of one thing compares to the amount of another thing. When you are mixing up powdered milk, the ratio of milk powder and water is 1 to 3 (1:3). This means you use 1 cup or part of milk powder and three cups or parts of water.

Raw Materials: ᐃᓚᔅᓴᐃᑦ: ilassait: matériaux bruts

The things you use to make some other thing. The raw materials to make bannock are flour, salt, fat, baking powder and water.

Real Account: ᐊᑐᖅᑕᐅᖏᓐᓇᖅᑐᖅ: atuqtaunginnauqtuq: compte permanent

An account that stays open as long as the assets or debts that are recorded in it still exist.

Receipt: ᐊᑭᓖᓚᐅᕐᓂᒧᒃ ᓇᓗᓇᐃᒃᑯᑕᖅ: akiliilaurnimut nalunaikkutaq: reçu

1. Written proof that you have bought something and paid for it. The store wanted to see her receipt before they would exchange the sweater.
2. Anything that has been received, especially money. This is usually used in the plural, "receipts." The day's cash receipts totalled $400.

Recession: ᒪᑭᒪᓇᓲᑎᑦ ᑲᑕᒃᐹᓪᓕᖅᓯᒪᓂᖏᑦ: makimanasuutit katappaalliqsimaningit: récession

A period of time when businesses and employers are not doing too well. Usually, there are more people unemployed during a recession.

Reconciling A Bank Statement: ᑮᓇᐅᔭᒃᑯᕕᒻᒦᖔᖅᑐᑦ ᓈᓴᐅᑎᖁᑎᖏᑦ ᓈᓴᐅᑎᖁᑎᓐᓄᑦ ᐊᔾᔨᒌᒻᒪᖔᑕ ᖃᐅᔨᓴᕐᓂᖅ: kiinaujakkuvimmiingaaqtut naasautiqutingit naasautiqutinnut ajjigiimmangaata qaujisarniq: conciliation bancaire

Making sure that the bank's information about the money that has been put into your bank account, and paid out, matches your own information. Sometimes there are differences between your records and the bank's records, so you figure out the reasons for the differences.

Refund: ᐅᑎᕐᕕᐅᓂᖅ: utirviuniq: rembourser

1. To give money back. This is usually done if there is something wrong with the thing or the service which was bought.
2. To borrow or obtain more money to pay off old debts.

Registered Retirement Savings Plan: ᐃᖅᑲᓇᐃᔭᕈᓐᓂᕐᓂᖅᓴᒧ ᑮᓇᐅᔭᓂᒃ ᓴᓂᕐᕙᐃᓂᖅ: iqqanaijarunnirniqsamut kiinaujanik sanirvainiq: régime enregistré d'épargne-retraite

A special saving arrangement where you can pay a certain amount of money each year so that you'll have some money when you stop working. (See Pension Plan.) You don't have to pay taxes now on the money you put into this kind of savings plan. It is usually called an RRSP.

Reimburse: ᐊᑭᓖᔾᔪᑕᐅᓂᑯᒥᒃ ᐅᑎᖅᑎᑦᑎᓂᖅ: akiliijjutaunikumik utiqtittiniq: rembourser

To pay back. My employer reimbursed me for the travel expenses.

Remit: ᐊᑭᓕᐅᑎᒻᒥᒃ ᓇᒃᓯᐅᔾᔨᓂᖅ: akiliutimmik naksiujjiniq: remettre

To send money.

Remittance: ᐊᑭᓕᐅᑦ ᓇᒃᓯᐅᔾᔭᖅ: akiliut naksiujjaq: paiement, remise

An amount of money that is sent out, especially to pay for some thing or some service.

Requisition: ᓂᐅᕕᖅᑐᓯᐅᑎᑕᕈᒪᔾᔪᑎ ᐱᖁᑎᓄᑦ ᐱᔨᔅᓯᕈᑎᓄᓪᓗ: niuviqtusiutitarumajjuti piqutinut pijissirutinullu: bon de réquisition

A written order showing what you want to buy. Same as a purchase requisition.

Resources: 1. ᑮᓇᐅᔭᑦ ᑲᔪᓯᔾᔪᑎᓴᑦ 2. ᐃᑲᔫᑎᔅᓴᖅ: 1. kiinaujat kajusijjutisat 2. ikajuutissaq: ressources, fonds

1. Money, or ways of getting money. Example: The business did not have enough resources to build a new store.
2. The people or places you can go to when you need something. Even though he didn't have the money himself, he had other resources, like a rich uncle who was willing to help.

• Human resources: ᐃᖅᑲᓇᐃᔭᖅᑎᖁᑎᑦ: iqanaijaqtiquti: ressources humaines: The people who work for a business or organization; the employees.

Retail: ᑭᒃᑯᑐᐃᓐᓇᕐᓄᑦ ᓂᐅᕈᑎᖃᓐᓂᖅ: kikkutuinnarnut niurutissaq: détail

Selling (usually) small amounts of things to the public. Examples: He started a business retailing smoked char. Northern has retail stores in every community.

• Retail price: ᓂᐅᕕᕐᕕᑦ ᐊᑭᖏᑦ: niuvirvit akingit: prix de détail: The price the store charges for each thing that they sell to the public. This price is figured out by adding up the amount that the store paid for the thing, other expenses, and an amount for profit.

Retroactive: ᑭᖑᒻᒧᑦ: kingummut: rétroactif

"Going backwards" in time. A pay raise may be retroactive to a certain date in the past. This means that you will receive extra money now, as though you had been making your new pay rate ever since that date.

Return: ᐅᑎᖅᑐᑦ: utiqtut: revenu, rendement, rendu

1. The amount of money that was made in sales during a certain time period.
2. The profit that is made when capital (usually money) is invested or used to make more money. This is usually shown as a percentage of the money that was used. He had a 5% return on the money he invested in his friend's business.
3. To come back, or give something back.

Revenue: ᑮᓇᐅᔾᔭᒃᓴᕐᕕᒋᔭᐅᑉ ᑮᓇᐅᔾᔭᕐᓂᖓ: kiinaujjaksarvigijaup kiinaujjarninga: revenu

Money coming in.

1. The money that you earn when you run a business.
2. The money which the government gets by taxing people.

• Revenue Canada: ᑲᓇᑕᐅᑉ ᒐᕙᒪᒃᑯᖏᑕ ᑖᒃᓯᔭᕐᕕᖓ: kanataup gavamakkingiya taksiijarvinga: Revenu Canada: The part of the government that is responsible for collecting all the kinds of taxes.

Royalty: ᓂᖏᖅᓯᓂᖅ: ningiqsiniq: redevances

A payment that is made to a person, for the right to use something he owns or has created. Susan Aglukark receives a royalty each time a radio station plays one of her songs.

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Salary: ᑮᓇᐅᔾᔭᒃᓵᖅ: kiinaujjaksaaq: salaire

The amount of money you make on a job.

Sales Invoice: ᐊᑭᓕᖅᑕᐅᔾᔪᑎᔅᓴᒧᑦ ᓂᐅᕕᖅᑎᐅᑉ ᓇᓕᖅᑲᑖᖓᑦ: akiliqtaujjutisangamut niuviqtiup naliqaqtaangat: facture

The copy of the invoice which the seller keeps.

Self-Employed: ᓇᖕᒥᓂᕆᔭᕐᒥᒍᑦ ᑮᓇᐅᔾᔭᒃᓴᕐᕕᓕᒃ: nangminirijarmigut kiinaujjaksarvilik: travailleur autonome

A person who works for his own business. He is not an employee of someone else.

Share: ᓇᒻᒥᓂᖃᕐᑎᐅᔾᔪᑎ: namminiqartiujjuti: action

The owners of a corporation (a special kind of company) each own only a part of the business. Each part is called a share. Same as a stock.

• Common share: ᓇᒻᒥᓂᖃᖃᑕᐅᔾᔪᑎ: namminiqaqataujjuti: action ordinaire: Shares that are the same for everyone. No one has any special rights.
• Preferred share: ᐊᔪᓐᖏᔾᔪᑎᖃᓐᓂᖅᓴᖅ ᓇᒻᒥᓂᖃᖃᑕᐅᔾᔪᑎᒧᑦ: ajunngijjutiqanniqsaq namminiqaqataujjutimut: action privilégiée: A share that gives the owner special rights or earnings.

Share Certificate: ᓇᒻᒥᓂᖃᑦᑎᐅᖃᑕᐅᓂᕐᒧ ᓇᓕᖅᑲᖅ: namminiqattiuqataunnimmu naliqaq: certificat d'action

A piece of paper that proves you own a share in a business.

Shareholder: ᓇᒻᒥᓂᖃᑦᑎᐅᖃᑕᐅᔪᖅ: namminiqattiuqataujuq: actionnaire

A person who owns shares in a business.

Simple Interest: ᐊᑐᖅᑐᐊᓪᓚᕆᑦᑕᒧ ᐊᑭᓕᖅᓱᐃᓂᖅ/ᕿᑐᖕᖏᐅᕈᑎ: atuqqtuallarittamu akiliqsuiniq qitunngiuruti: intérêts simples

Interest that is earned only on the original amount of money. For example, if you put $100 in the bank, each year you might be paid interest only on that $100, not on any of the interest that you earn.

Statement Of Remuneration: ᑮᓇᐅᔭᓕᐅᕈᑎᒥᓂᕐᓄᑦ ᓇᓗᓇᐃᕐᓯᔾᔪᑎ: kiinaujaliuruitminirnut nalinaiqsijjuti: État de la rémunération payée

This is the form you get from your employer which shows how much money you made in a year and how much taxes, etc. were deducted. You have to send a copy of this form when you send in your tax return. It is usually called a T4.

Stock: 1. ᓂᐅᕈᑎᔅᓴᑦ 2. ᓇᒻᒥᓂᖃᑦᑎᐅᔾᔪᑎᑦ: 1. niurutisaq 2. namminiqaqatiujjutit: stock, capital-actions

1. All the things that a store has to sell. Northern has lots of food in stock.
2. All the shares that someone owns in a certain kind of business. (See Share.)

Subsidy: ᑮᓇᐅᔭᑎᒍᑦ ᐃᑲᔪᖅᑕᐅᓂᖅ: kiinaujatigut ikajuqtauniq: subside

Money that is given by the government to some organization, business or group of people so that they can afford to do a certain thing. Students with children can receive a subsidy to help them pay for daycare while they are in college.

Superannuation: ᓄᖃᑐᔅᓯᐅᑎᑦ: nuqatussiutit: superannuation

A kind of pension plan. You pay into it while you are working, so that you will have some money when you get older and stop working.

Surplus: ᑮᓇᐅᔭᑦ ᐊᒥᐊᒃᑯᑦ: kiinaujat amiakkut: surplus

An extra amount of something, more than what you need. They had a surplus of fish, so they gave some of it to the elders' centre.

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T4: ᑮᓇᐅᔭᓕᐅᕈᑎᒥᓂᕐᓄᑦ ᓇᓗᓇᐃᖅᓯᔾᔪᑎ: kiinaujaliurutiminirnut nalunaiqsijjuti: T4

This is the form you get from your employer which shows how much money you made in a year and how much taxes, etc. were deducted. You have to send a copy of this form when you send in your tax return.

Tax: ᑕᒃᓯᔭᕈᑎᑦ ᒐᕙᒪᒃᑯᓐᓄ: taksijaruti gavamakkunnu: taxe

An amount of money that people and businesses must pay to the government. This is one way the government makes money to pay for expenses and services.

• Capital gains tax: ᐱᖁᑎᕐᔪᐊᓄᑦ ᑮᓇᐅᔭᓕᐅᕈᑎᓄᑦ ᑕᒃᓯᔭᕈᑎᖓ: piqutirjuanut kiinaujaliurutinut taksijarutinga: taxe sur les gains en capitaux: The taxes that you have to pay on the money that you make when you sell an asset.
• Goods and Services Tax (GST): ᑲᓇᑕᐅᑉ ᒐᕙᒪᒃᑯᓐᖏᓐᓄᑦ ᑕᒃᓯᔭᕈᑏᑦ ᐱᖁᑎᓄᑦ ᐱᔨᔅᓯᕋᕈᑎᓄᓪᓗ: kanataup gavamakkunnginnut taksijarutiit piqutinut pijissirarutinullu: taxe sur les produits et services: Extra money that the government says you have to pay for things or services that you buy. It is a certain percentage or share of the price of the thing or service that you're buying.
• Income tax: ᑮᓇᐅᔾᔭᓵᓂᑦ ᐲᔭᖅᑕᐅᔪᑦ ᒐᕙᒪᒃᑯᓐᓂᑦ: kiinaujjasaanit piijaqtaujut gavamakkunit: impôt sur le revenu: The part of your earnings that you have to pay to the government.
• Sales tax: ᓂᐅᕕᓐᓂᕐᒧ ᑕᒃᓰᔭᒃᑲᓐᓂᕈᑎ: niuvirniqmut taksiijakkanniruti: taxe de vente: The extra amount you have to pay when you buy something, in addition to the actual price. It is a certain percentage or share of the price. In Ottawa, you have to pay 8% sales tax on almost everything you buy, and you have to pay GST too.

Tax Avoidance: ᑕᒃᓯᔭᖅᑕᐃᓕᒪᓂᖅ: taksijaqtailimaniq: évasion fiscale

When a person or business tries to avoid paying full taxes by using various legal ways of proving that they didn't really earn much money.

Tax Credit: ᑕᒃᓰᔭᕈᑕᐅᔪᓄᑦ ᐃᓚᖕᖓᖅᓯᒋᐊᕈᑎ: taksiijarutaujunut ilanngaqsigiaruti: crédit d'impôt

An amount that you are allowed to subtract from the taxes you're supposed to pay.

Tax Deduction: ᑕᒃᓯᔭᕐᕕᐅᓂᖅ: taksijarviuniq: déduction d'impôt

An amount that you can subtract off your taxes.

Tax Return: ᐅᑎᖅᑐᔅᓴᑦ: utiqtussat: déclaration d'impôt

The government form or paper on which you figure out how much tax you are supposed to pay.

Tax Schedules: ᑕᒃᓰᔭᕈᑎᓴᓄᑦ ᐃᓗᓕᖅᑕᖏᑦ: taksiijarutisanut iluliqtangit: tables d'impôt

The different groups that taxable income is put into. Different kinds of income and different amounts of income are taxed at different rates. The tax schedule shows what amount of tax you should be paying.

Taxable: ᑕᒃᓰᔾᔪᑕᐅᔭᕆᐊᓕᑦ: taksiijjutaujarialit: taxable, imposable

When something is supposed to be taxed.

Taxable Benefits: ᑕᒃᓰᔭᕐᓂᒻᒧ ᐃᑲᔪᑎᔅᓴᑦ: taksiijarnimmu ikajutissat: bénéfices imposables

Certain amounts of money, or certain services, that your employer gives you in addition to your pay. For example, a VTA (Vacation Travel Allowance) or a dental care program are things that can be taxed.

Taxable Income: ᑮᓇᐅᔭᓕᐅᕐᓂᒻᒧᑦ ᑕᒃᓰᔭᕈᑎᔅᓴᑦ: kiinaujaliurnimmut taksiijarutissat: revenu imposable

The part of your income that you are supposed to pay taxes on. You don't pay taxes on everything that you earn.

Temporary Account: ᐃᓱᓕᑦᑕᕐᕕᓕᒃ: isulittarvilik: compte temporaire

An account that is closed at the end of each accounting period. Same as a nominal account.

Transaction: ᑕᐅᖅᓰᓂᖅ ᑮᓇᐅᔭᑎᒍᑦ: tauqsiiniq kiinaujatigut: opération, transaction

A business activity where some thing or some service is traded, usually for money. One person gives the thing or the service, the other person pays for it.

Trial Balance: ᐃᓯᖅᐸᓕᐊᔪᓄᑦ ᐊᓂᕙᓪᓕᐊᔪᓄᓪᓗ ᓇᓕᕇᑎᑦᑎᓯᒪᔾᔪᑎ: isiqpaliajunut anivalliajunullu naliriitittisimajjuti: balance de vérification

Showing that the debits and credits in an account are equal.

Trust Fund: ᑐᖅᑯᖅᑕᐅᓯᒪᔪᑦ ᑮᓇᐅᔭᖁᑎᑦ: tuqquqtausimajut kiinaujaqutit: fonds en fiducie

An amount of money that is given to a person, but the person doesn't have control of the money. Someone else manages it and has to approve what is spent. When the rich man died, he left a trust fund for his young son. The son did not get control of the money until he was 21 years old.

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Variable: ᐊᓯᔾᔨᑕᖅᑐᖅ: asijjitaqtuq: variable

When something changes back and forth. Sales of boots are variable, depending on how wet the weather is.

Variable Costs: ᐊᓯᔾᔨᑕᖅᑐᖅ ᐊᑭᔅᓴᖅ: asijjitaqtuq akissaq: frais variables

When the amount of money you have to pay out for something changes, depending on how much you do, or how much you use. Buying sealskins was a variable cost, depending on how many pairs of kamiks needed to be made.

Variance: ᐊᔨᒌᓐᖏᓐᓂᖅ: ajigiinnginniq: écart

A disagreement or difference. The actual cost of the TV was at variance with what it had been advertised for.

Vendor: ᓂᐅᕕᖅᑎᑦᑎᔨ: niuviqtittiji: vendeur

A seller. The person who sells something.

Void: ᐊᑐᓐᖏᑦᑐᖅ: atunngittuq: nul

Not useable; not legally acceptable.

• Void a cheque: ᓯᒃᑭᓕᐊᖑᓂᑯ ᐊᑐᕈᓐᓃᖅᑎᓪᓗᒍ: sikkilianguniku aturunniiqtillugu: annuler un chèque: To draw a line across the front of a cheque and write the word "void," to show that this cheque cannot be cashed.

Volume: ᐅᓄᕐᓃᑦ/ᐊᒥᓲᓃᑦ: unurniit/amisuuniit: volume

How much of something there is. The volume of sales was up from last year.

Voucher: ᐊᑭᓕᖅᑕᐅᓯᒪᓂᕋᐃᔾᔪᑦ: akiliqtausimaniraijjut: pièce justificative

1. A written paper that can be exchanged for some thing or some service. One of the raffle prizes was a voucher for two plane tickets to Ottawa.
2. A business paper that is used to keep track of other papers which are used when the business spends money. Using the voucher, a business can make sure that everything is properly done. For example, the voucher could include information about purchase requisitions, purchase orders, and invoices.

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Wages: ᑮᓇᐅᔾᔭᒃᓵᑦ: kiinaujjaksaat: salaires

The amount of money you are paid on a job. Same as salary.

Wholesale: ᐃᓗᐃᑦᑑᑕᐅᓈᑐᒋᑦ ᓂᐅᕕᕐᓂᖅ: iluittuutaunaaqtugit niuvirniq: vente en gros

Buying a lot of things from the companies that make them, so that you can sell them to the public.

Wholesale Price: ᐃᓗᐃᑦᑑᓈᖅᑎᕆᓂᕐᒧᑦ ᐊᑭᒋᑎᑕᖅ: iluittuunaaqtirinirmut akigititaq: prix de gros

The price the business pays for the things it sells, when it buys them from the maker.

Withdraw: 1. ᑮᓇᐅᔭᒃᑯᕕᖁᑎᒋᔭᒥ ᑮᓇᐅᔭᕈᖅᑎᑦᑎᔪᖅ 2. ᖁᔭᓈᖅᓯᓐᓂᖅ: 1. kiinaujakkuviqutigijami kiinaujaruqtittijuq 2. qujanaaqsinniq: retirer

1. To take money out of an account.
2. To pull back or pull away. He decided to withdraw his offer to buy the house.

Withdrawals: 1. ᑮᓇᐅᔭᒃᑯᕕᖁᑎᒋᔭᒥ ᑮᓇᐅᔭᕈᖅᑎᑦᑎᓂᖅ 2. ᓇᒻᒥᓂᖃᖅᑎᐅᑉ ᑮᓇᐅᔭᓂ ᐱᖁᑎᓂᓪᓘᓐᓂ ᐱᖅᓯᓂᖓ: 1. kiinaujakkuviqutigijami kiinaujaruqtittiniq 2. namminiqaqtiup kiinaujani piqutinilluunni piqsininga: retraits

1. Money taken out of a bank account.
2. Money or assets taken out of a business by the owner.

Withdrawals Account: ᓇᖕᒥᓂᓕᐅᑉ ᐲᔭᐅᕝᕕᒋᔪᓐᓇᖅᑕᖏᑦ: nangminiliup piijauvvigijunnaqtangit: compte des prélèvements

An account that is set up to keep track of the money that the owner takes out of the business.

Working Capital: ᑮᓇᐅᔭᑦ ᐊᐅᓚᔾᔪᑎᒃᓴᑦ: kiinaujat aulajjutiksat: fonds de roulement

The money that is available to a business for the day-to-day running of the business. It is what you have left after you have subtracted current liabilities from the current assets.

Write Off: ᖁᔭᓈᖅᑕᐅᔪᖅ: qujanaaqtaujuq: radier, annuler

1. To cancel a bad debt (a debt that won't be paid back) from the accounts.
2. To remove an asset (something that the business owns) that isn't valuable or useful anymore from the accounts.
3. To subtract a little bit from the profits in order to cover the cost of depreciation (becoming less valuable) of something the business owns.