Enterprise glossary and term center

Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.

Goodwill - What is goodwill on a financial statement?

Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable. ... It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched.