ACC
Accident Compensation Corporation. ACC is New Zealand’s statutory insurer for any injuries caused by accident.
Accident
An event that causes harm or injury to a person.
Accounting System
The way in which your club keeps track of it’s finances. Can be manual (using ledgers and cashbooks), or electronic (using computer software).
Accounts payable
Amounts owing to suppliers for goods and services purchased.
Accounts receivable
Amounts owing to the business for goods and services sold to customers.
ADSL
Another word for broadband, a high-speed internet connection. It receives digital information at up to 560 kbps, 10 times faster than a normal modem and is 'always-on'.
Advertisement
Any form of communication made to the public, or to a section of the public, for the purpose of promoting the supply of goods or services. Advertising is NOT the same as marketing. Advertising may form part of your marketing strategy.
Agenda
List of points or to discuss at meetings. Usually distributed prior to actual meeting.
AGM
Annual General Meeting. Formal meeting held annually, usually when financial reporting and annual report is made.
Annual Budget
An annual budget is a list of all planned expenses and revenues for your club for the following year. It will help you to plan for additional fundraising, etc as required.
Anti-virus
Anti-virus software helps protect your computer from viruses.
Application
Another word for computer program. For example, Word, which is used for creating documents, is a word-processing application.
Audit
Examination of records (for example, financial records, or business processes) by an independent, authorised and qualified person.