Why we use business abbreviations and why business acronyms are useful and important these days. In the world of business, where the market has no limit, not limited to one or two location, the main issue faced by many entrepreneurs and business owners is communication. Especially when you need to discuss technical aspects.
If you are from the US and want to discuss business terms bit don’t know about the local term used to define certain department, Role, task, rules, then the abbreviation for business and abbreviation for management comes handy.
Abbreviation for business and abbreviation for management helps you to exchange the information between 2 different countries specific business. Business acronyms help you to define or point out specific needs or area or law that need to comply with.
I listed business abbreviations used in Global Market to communicate around the Globe.
The world of commerce is full of abbreviations of all kinds that resemble an obscure language for the uninitiated. The goal is to take a tour of some acronyms used by salespeople.
Go with a little practice, it will eventually return!
Lexicon of the Business Abbreviations of the letter A to E
ACCRE : help for job seekers creating or taking over a business
ADIE : Association for the right to economic initiative
AERL: self-employed limited liability
AGS: Insurance Guaranteed Salaries
APEC: Employment Agency for Executives
WCR : working capital requirement
BIC : industrial and commercial profits
BNC : non-commercial profits
CAC: critical turnover
CAF: cash flow
CAF : family allowance fund
CARIF-OREF: training center, resources and information on training – regional observatories employment training
CAVP: old-age insurance fund for pharmacists
CCI : Chamber of Commerce and Industry
Fixed-term contract: fixed-term contract
Permanent contract: contract of indefinite duration
EC: Works Council
CET : territorial economic contribution
CFE : center of formalities of companies
CFE : land subscription of companies
CGA : Authorized Management Center
CHSCT: Committee for Health, Safety and Working Conditions
CIPAV: interprofessional provident fund and old-age insurance
CIR : research tax credit
CM: chamber of trades
CNAM: National Conservatory of Arts and Crafts
CRA: Amicable Appeals Committee
CRDS: Contribution to the repayment of the social debt
CRITT: Regional Centers for Innovation and Technology Transfer
CSG: Generalized social contribution
DADS: Annual Statement of Social Data
DAP: amortization and provisions
DDPP: Departmental Directorate for the Protection of the Population
DDTEFP: Departmental Directorate of Labor, Employment and Vocational Training
DGCCRF: Directorate-General for Competition, Consumer Affairs and Fraud Control
DIF: individual right to individual training
DIRECCTE: Regional Directorate for Enterprise, Competition, Consumer Affairs, Labor and Employment
EBITDA : Gross operating surplus
ECA: Non-Active Translation Differences
ECP: Non-Passive Conversion Differences
EENE: Expected effects Not expired
EURL : Sole Proprietorship with Limited Liability
Lexicon of the abbreviations of the letter F to Z
FNAL: National Housing Fund
EN: Fundamentals of Bearing
GRETA: groupings of public teaching establishments
INPI : National Institute of Industrial Property
IR : income tax
IORP: representative body of staff
IS : corporation tax
ISF : solidarity tax on wealth
MCV: Margin on variable cost
NACRE : new support for business creation and takeover
OPCA: Joint Organism Authorized Collector
PCE : ready to start a business
PCG: General Chart of Accounts
GDP: Gross Domestic Product
PV: Sale Price
PRCE: regional premium for business creation
RCAI: Current Result Before Taxes
RCS: Trade and Companies Register
RDS: repayment of the social debt
REX: operating result
RIB: Bank Statement of Identity
RNC: net income of the company
RSA: active solidarity income
RSI : social regime of the independent
SA : Society Anonymity
SARL : Limited Liability Company
SAS : Simplified Joint Stock Company
SASU : Uni-personal Simplified Joint Stock Company
SCOP: cooperative and participative society
SMIC: Minimum Interprofessional Growth Salary
SR: Break-even point
TASS: Social Security Affairs Tribunal
TJM: Average Daily Rate
VAT : Value Added Tax
TVTS: Tax on passenger vehicles of companies
VA: Added value
VNC: Net Book Value
URSSAF : Union for the recovery of social security contributions and family allowances
ZFU : urban free zone
ZRR: Rural Revitalization Zone
ZRU: urban regeneration zone
ZUS: sensitive urban area
List of abbreviations of the legal forms of companies, groups and companies.
EARL : Agricultural Limited Company
EI : Sole Proprietorship
EIRL : Sole Proprietorship
EURL : Single-person company with limited liability
GAEC : Agricultural group operating in common
EEIG : European Economic Interest Grouping
GIE : Economic interest group
SARL : Limited Liability Company
SA : Limited company
SAS : Simplified Joint Stock Company
SASU : Single share simplified joint stock company
SC : Civil society
SCA : Partnership limited by shares
SCI : Real estate company
SCIC : Cooperative society of collective interest
SCICV : Real estate company with variable capital
SCM : Civil society means
SCOP : Cooperative workers’ production society
SCP : Professional Civil Society
SCS : Limited Partnership
SEL : Liberal Practice Society
SELAFA : Company of liberal exercise in anonymous form
SELARL : Limited Liability Company
SELAS : Simplified Liberal Stock Company
SELCA : Limited Partnership Exercise Company
SEM : Mixed economy company
SEML : Local mixed economy company
SEP : Joint venture
SICA : Agricultural collective society
SMHF : Micro-family holding company
SNC : Partnership
SPFPL : Company of financial participations of liberal professions
SUP : Societas unius personae (European single-member company with limited liability)
TA : Apprenticeship tax
TA : Administrative Tribunal
TAB : Building land
TAEA : Effective Annual Rate of Insurance
APR : annual percentage rate of charge
TASCOM : Tax on commercial surfaces
TASS : Court of Social Security Affairs
TBB : Bank base rate
TCA : Tax on Insurance Contracts
TCCI : Tax for chambers of commerce and industry
TCI : Disability Litigation Tribunal
TCMA : Tax for Chambers of Crafts and Crafts
TCN : Negotiable debt securities
TDFC : Transfer of Tax and Accounting Data
TDS : Social Data Transfer
TE : Territories entrepreneurs
TF : Property tax
TFPB : Property tax on built properties
TGI : High Court
TI : District Court
TIP : Interbank Payments Title
TNS : Self-employed worker
TNSNA : Non-agricultural non-salaried worker
TP : Professional tax
TPE : Electronic Payment Terminal
TPE : Framed Personal Works
TPE: Very small company
TLPE : Local Tax on Signs and Outdoor Advertising
TRM : Minimum recovery time
TUP : Universal heritage transfer
VAT : Value added tax
TVS : Tax on company cars
UAE : Union of Auto entrepreneurs
UBJOP : French Union of Jewelry, goldsmith, stones and pearls
UCANSS : Union of National Social Security Funds
UDES : Union of employers of the ESS
EU : European Union
UECF : Union of Climate and Energy Engineering Companies in France
EMU : European Monetary Union
UES : Economic and Social Unit
UESL : Union of companies and employees for housing
UFA : Federal Union of Consumers
UGEF : Union of Employers’ Groups
UIC: Union of Chemical Industries
UIMM : Union of Metallurgy Industries and Crafts
UMP : Union for a Popular Movement
UNA : National Union of Assistance, Care and Home Services
UNAPL : National Union of Liberal Professions
UNAGA : National Union of Approved Management Associations
UNASA : National Union of Chartered Associations
UNAT : National Union of Tourism Associations
UNEDIC : National Union for Employment in Industry and Commerce
UNICER : National Union of Capital Investors for Regional Enterprises
UNIS : Union of Real Estate Unions
UNPI : National Union of Real Estate Property
UPA : Professional Union
UPE : Union for Business
UPR : Regional Employer Union
UPTIH : Professional Union of Disabled Self-Employed Workers
URCAM : Regional Union of Health Insurance Funds
URML : Regional Union of Liberal Doctors
URPS : Regional Unions of Health Professionals
URSCOP : Regional Union of Cooperative Production Societies
URSSAF : Union for the recovery of social security contributions and family allowances
USGERES : Union of unions and representative employer groups in the social economy
UV : Value Unit
VAE : Validation of acquired experience
VAD : Distance Selling
VC : Venture capital
VDI : Independent Home Seller
VEFA : Sale in state of future completion
LIFE : International corporate volunteering
VIF : Individual and optional payment
VLU : Single place payment
VNE : National corporate volunteering
VO : Used Vehicle
VOT : Cash-oriented transfer
VPC : Mail order
VRP : Traveler, Representative, Plumber
VT : Transportation payment
VTA : Additional transport payment
VU : Utility Vehicle
VIEW : European Union transfer
WLR : The weekly law reports
ZA : Artisanal zone
ZAC : Commercial Craft Zone
ZAE : Zone of economic activities
ZAD : Deferred Development Zone
ZAE : Business activity area
ZAFR : Regional aid area
ZAI : Artisanal and industrial area
ZAP : Multipurpose Activity Zone
ZAPA : priority action area for air
ZFU : Urban Free Zone
ZFU-TE : Urban free zones – entrepreneurial territories
ZI : Industrial Zone
ZIC : Industrial and Commercial Zone
ZIF : Land intervention zone
ZLE : Free Trade Area
ZPPAUP : Protection zone for the architectural, urban and landscape heritage
ZRD: Defense Restructuring Zone
ZRR : Rural Revitalization Zone
ZRU : Urban Renewal Zone
ZTI : International tourist area
ZU : Urban area
ZUP : Priority Urbanization Zone
ZUS : Sensitive urban area
All Business Abbreviations to know for auto-entrepreneurs
ACCRE, ARCE, CFE, URSSAF, SSI … Frankly we do not find it anymore! Feeling a little lost in the jungle of terms used by the administration? Do not panic, drafting brushes for you! Because you will have to meet these terms more than once in your career of self-entrepreneur, we have concocted a small lexicon to finally unravel the jargon of business creation!
Help for Unemployed Creators or Business Returnees
The ACCRE is a help from Pôle Emploi allowing to benefit from a partial exemption of the social charges during the first three years of your activity. For example, instead of paying 22% of its turnover in social security contributions, a self-employed entrepreneur will benefit with the ACCRE of a rate of 5.5% the first year, 11% the second, and 16.5% the third. A real boost for many auto-entrepreneurs!
And unlike its name, the ACCRE is not only reserved for jobseekers. It should even be accessible to all auto-entrepreneurs starting in 2019.
Main Activity Exercised
The APE code, consisting of 4 letters and a number, is the one that allows you to pinpoint your main activity. INSEE is responsible for assigning you one after you register for auto-entrepreneur status. Your APE code is on the mail you receive to confirm the creation of your auto-business. In case of activity modification, you can change the APE code.
Help with Business Recovery or Creation
Not to be confused with the ACCRE! (see above) The ARCE is intended to help you financially in starting your business, but only if you are a job seeker compensated. It then allows you to collect in two installments 45% of the remaining amount of your unemployment benefits (the first at the launch of your activity, and the second 6 months later). Useful if you wish to benefit from a small starting capital to invest in material before starting for example!
Return to Work Allowance
The AER is an allowance paid to job seekers to compensate for the lack of income following the loss of a job or the end of a fixed-term contract. If you are compensated by Pôle Emploi when you set up your own business, you will be able to maintain part of your rights. The amount of your ARE will be recalculated regularly according to your turnover.
Industrial and Commercial Benefits
When you file your tax return, you need to know which category they belong to. BICs are the benefits of a commercial, craft or industrial activity.
If this is your case, you will benefit from the “micro-BIC” regime: your taxable income will be calculated after a flat-rate reduction depending on the type of your activity, applied to your turnover.
As for them, the NBCs correspond to the category of taxes making it possible to inform the income resulting from a liberal activity.
If this is your case, you will benefit from the “micro-BNC” regime: your taxable income will be calculated after a flat-rate reduction depending on the type of your activity, applied to your turnover.
Revenue is the sum of all the cash inflows generated by your activity over a given period, before subtracting your costs and various expenses.
For example : A self-employed carpenter wants to calculate his turnover for the month of January:
- he has cashed three bills, amounting to $ 500, $ 1,250 and $ 250
- its turnover in January is 500 + 1 250 + 250 = 2 000 $
It is from the turnover that the amount of your social contributions is calculated: do not confuse it therefore especially with the income (which corresponds to the amount obtained after application of the flat-rate abatement carried out by the administrations)!
CAF is the public body responsible for paying social benefits related to family life. As a self-employed person, you pay social security contributions and are entitled to family benefits. In particular, you can claim, under certain conditions, financial aid paid monthly by the CAF, such as the RSA (see below), or the Activity Bonus .
Chamber of Commerce and Industry
Organized in a national network, Chambers of Commerce and Industry are public bodies present in each region to look after the interests of companies in the commercial and industrial sector.
If you do business, the ICC will be your main contact for all your administrative tasks.
Business Formality Center
The Business Formalities Centers are the main interlocutors of the self-entrepreneurs in carrying out all their administrative procedures: registration, change of address, modification or cessation of activity, etc.
The CFE are different depending on the type of activity you perform:
- Commercial activity: your CFE is the Chamber of Commerce and Industry
- Crafts: your CFE is the Chamber of Trades and Crafts
- Liberal activity: your CFE is the URSSAF
Property tax on companies
The CFE is a local tax that self-entrepreneurs must pay from their second year of activity. Its amount (which can range from 216 to 2 157 € per year) depends on the rates applied by the municipality of domicile of your self-business and your annual turnover.
Interprofessional Provident and Old Age Insurance Fund
CIPAV is a pension and provident fund that provides for the mandatory retirement of liberal professionals.
This institution is however in full change: since 1 January 2018, the retirement of the majority of self-employed entrepreneurs with a liberal activity is gradually entrusted to the Social Security of the Independents.
Chamber of Trades and Crafts
CMAs are public bodies whose mission is to look after the craft sector. They participate in the protection of the interests of craftsmen, but also in the training of apprentices.
The CMA of your region is therefore your main contact for all your administrative procedures if you are a self-employed craftsman.
National Institute of Industrial Property
The INPI is, as its name indicates, the establishment in charge of the management of industrial property, in particular to protect the names of brands, patents, plans and drawings, models, etc.
In your activity, you may need to contact the INPI if you want, for example, to put your name or your logo to protect them and thus ensure that you are the only one who can use them (at a cost). Before starting any step, remember to check on the search engine of the INPI that your idea is not already the property of another company.
The national institute of statistics and economic studies
INSEE is the public institute that carries out surveys, collects data and produces analyzes on economic and social issues in France. It is he who will give for example the official figures of demography or unemployment.
The national classification of trades and companies is provided by INSEE. This is why your APE code (see above) is attributed to you by INSEE, as well as your SIREN and SIRET numbers (see definitions to follow). However, it is the center of the formalities of the companies corresponding to your activity which will be in charge of doing the intermediary between you and the INSEE for all these requests.
Kbis is not an abbreviation, but you will often hear the term because it is an official document attesting to the identity of your company. You will find all the essential information of your company like the legal status, the address of domiciliation, the code APE etc. Kbis may be required by customers or suppliers who want to ensure the legal existence of your auto-business.
Note that only the self-entrepreneurs of the commercial professions can request an extract K (bis)!
Meeting of Insurers Disease
La Ram is one of the organizations contracted for the management of the health insurance of the self-employed, whether tradesmen, craftsmen or liberals.
When you realize your registration for the status of self-entrepreneur, you must necessarily choose a contracted organization. If you are affiliated with the Social Security of Independents (formerly RSI), it is this type of organization that will pay you your benefits (you can quite choose another than La Ram, free to you!) .
RC Pro contracts offered by insurance companies allow you to be protected in case of damage caused to others, a claim in your premises or litigation with a client.
For example: A self-employed businessman in the store stores his merchandise at home. If a fire breaks out and destroys all of it, his personal insurance will not compensate for this lost stock. It is the RC Pro that will take over to avoid a loss of income too important.
If the RC Pro is not mandatory for all activities, we recommend that you have one to protect you from the risks inherent in your activity.
Trade and Companies Register
This register kept by the Courts of Commerce contains essential information on French commercial companies: civil status of the entrepreneur, activity, legal status of the company etc.
All self-employed professionals in commercial occupations must be registered with the RCS. This registration is made at the same time as the status of self-entrepreneur, with the ICC.
Directory of Professions
Held by the Chambers of Crafts and Crafts, the Directory of Trades is an official document that lists all the craftsmen. If your activity is considered as craft or depends on the Chamber of Trades and Crafts, it is obligatory to be registered there, that is why the inscription is done at the same time as that of the status auto- contractor, from your CMA.
Solidarity labor income
The RSA is a social benefit that guarantees a minimum income to people or households with the least resources. Its amount corresponds to a minimum of 545 € for a single person. It is recalculated every 3 months according to your resources, and paid by the CAF.
If you are a beneficiary of the RSA at the time of the creation of your auto-entreprise, you will keep all of your allowance during the first three months of activity. Your rights will then be recalculated according to the income of your auto-entreprise …
Special Register of Commercial Agents
Self-employed traders must be registered with the RSAC.
This registration fee and mandatory is made with the registry of the Commercial Court of your region.
Social regime of the Independents
The RSI was an organization in charge of the social protection of the self-employed from 2006 to the end of 2017.
It was dissolved on 1 January 2018 to be gradually replaced by the SSI (see below), which is attached to the general social security scheme.
Business Directory Identification System
Issued by INSEE, the SIREN number proves the existence of your self-enterprise. It consists of 9 digits and will remain unchanged throughout the life of the company.
This number must appear on all your quotes and invoices.
Directory Identification System institutions
When you create your own business, INSEE assigns you an SIRET number, allowing you to identify your company. This will consist of the 9 digits of your SIREN number, followed by 5 digits of identification (a total of 14 digits).
If you change your address, the last 5 digits will be changed and you will receive a new SIRET number.
Installation Preparation Course
The SPI is an internship lasting a few days to train future entrepreneurs in management, accounting, organization, accounting etc. Only mandatory for self-entrepreneurs wishing to have an activity that depends on the Chamber of Trades and Crafts. These courses are organized by the CMAs. They can also be made online according to your department.
The craftsmen must certify this training to start their activity. Only those who already have a strong experience or a diploma of Bac +2 level with subjects related to the economy or the management can be exempted.
Social Security of the Independents
Replacing the RSI since 1 January 2018, the SSI provides social protection for the self-employed.
Attached to the CPAM, it was created in the desire to offer the self-employed the same quality of management as the employees. After a two-year transition period to end in 2020, all self-entrepreneurs will be included in the general social security scheme.
Value added tax
VAT is a tax paid directly by consumers on purchases of goods or services. It is the companies that have to collect the VAT from the customers, then return it to the State.
But self-employed entrepreneurs whose turnover has a certain threshold according to their activity, benefit from an advantage: the VAT-based franchise . This means they do not have to bill it or pay it back.
Union for the Recovery of Social Security Contributions and Family Allowances
The URSSAF is the body responsible for calculating and collecting the social security contributions of self-employed entrepreneurs on behalf of the Social Security of the Independents. All self-entrepreneurs, whatever their activity, therefore pay their social contributions to the URSSAF.
For the liberal professions, it also plays the role of business formality center, being their privileged interlocutor for all the administrative procedure.
Also published on Medium.