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Accounting & Tax vocabulary · Bookkeeping & Ledgers

Post

Meaning in accounting & tax, with examples

/poʊst/verbCore term

In accounting & tax, post means: To enter a transaction or journal into the accounting system or ledger so that it updates the account balances.

In Turkish: kaydetmek, deftere işlemek, kayda almak

How it is used

Very common in daily accounting work: post an entry, post an invoice, post to the wrong account. Once a period is closed, nothing more can be posted to it unless it is reopened.

Example sentences

  1. The invoice was posted to the wrong cost center, so I'll correct it today.

  2. Has the payroll journal been posted yet?

Common collocations

  • post an entry
  • post an invoice
  • post to an account
  • posting date
  • posted transactions
  • journal entryA record of one business transaction in the accounting system, showing the date, the accounts affected, the debit and credit amounts and a short description.
  • general ledgerThe main set of accounts of a business, where all transactions are collected account by account to show the balance of each one.
  • month-end closeThe set of tasks accountants complete after each month ends, such as posting accruals and reconciling accounts, so that the month's results are final.
  • reconcileTo compare two sets of records, such as the ledger and a bank statement, to make sure they agree, and to find and explain any differences.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Bookkeeping & Ledgers

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This page explains English vocabulary for learners. It is not financial advice.