View our full Glossary of accounting & payroll terms Visit full glossary Glossary definition What is a going concern? A going concern is a business that is functional, in that it’s actively making a profit. Recommended Next Read April 15, 2024 Start a thriving business from your kitchen table Related topics How to start a business Search Search for: See this term in action 1 April, 2024 40 min read Conquer your imposter syndrome for good 18 March, 2024 37 min read I was told my brand was ‘too sexy’ 13 March, 2024 11 min read How to manage your accounts and bookkeeping as a sole trader Learn more about this definition and others Featured reading 11 March, 2024 11 min read Spring Budget 2024: What the announcements mean for your business 7 December, 2023 11 min read HR trends in 2024: Everything HR leaders need to know 22 December, 2023 17 min read The top 14 finance trends in 2024: Everything CFOs need to know Popular termsWhat is a nominal account?What is opening balance?What is global human resources management?What is an invoice payment?