Accountant slang is often used to make financial discussions quicker and more efficient. However, when dealing with clients, using too much slang can lead to confusion. Phrases like "net income" (total earnings after expenses), "liquid assets" (assets that can be easily converted to cash), and "taxable income" (income that is subject to taxation) are common in the field. While these terms are essential in accounting, accountants must balance their use of slang with providing clear, understandable explanations to clients unfamiliar with financial terminology.