The accounting cycle consists of a series of steps that record financial transactions and produce financial statements. Some data entry steps may occur at any time during the accounting cycle, other transactions occur only during financial statement production. This process repeats itself for every accounting period, whether for large companies or small businesses. Large companies frequently divide these tasks in departments.
Definition of snippet for English Language Learners. : 1  a small piece of information or news. : 2  a small part of something (such as a piece of music, a conversation, etc.)
Snipping Tool. Definition - What does Snipping Tool mean? The Snipping Tool is a screenshot utility included in Windows Vista and later versions that can take screenshots in a variety of ways. It can take screenshots of rectangular areas specified by the user, a user-defined free-form area and a typical full-screen shot.