Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.


Electronic Funds Transfer.

Instead of writing paper checks and sending them through the physical mail, many people pay bills by sending the money electronically directly from their checking account to the payee’s checking account. This is called Electronic Funds Transfer. The IRS requires many employers to use EFT for their tax payments.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?