by pay@crispino.us | Nov 11, 2025 | Accounting Proram, Terminologies
Settings that define what different people can access within the system, such as admin, accountant, or viewer. This ensures data security and proper segregation of duties. It helps prevent unauthorized changes to sensitive financial data.
by pay@crispino.us | Nov 10, 2025 | Chart of Accounts, Expenses, Terminologies
Costs for employee business trips, including airfare, lodging, and meals. Encourages business development and client relationships. Requires careful documentation.
by pay@crispino.us | Nov 10, 2025 | Accounting Proram, Terminologies
Tracks vendor bills and payments. Allows scheduling, approvals, and recurring entries for regular suppliers. Essential for managing obligations and maintaining supplier relationships.
by pay@crispino.us | Nov 8, 2025 | Accounting Proram, Terminologies
Allows businesses to set financial plans and compare them against actual results. Many systems provide alerts when spending exceeds limits. Supports proactive financial management.
by pay@crispino.us | Nov 6, 2025 | Accounting Proram, Terminologies
The process of matching accounting records with bank statements or other external records. Software often automates this by suggesting matches between transactions. Ensures accuracy in reported balances.
by pay@crispino.us | Oct 31, 2025 | Recording & Adjustments, Terminologies
Revenue earned but not yet billed or collected. For example, consulting services provided in December but invoiced in January. Recognized under accrual accounting.
by pay@crispino.us | Oct 28, 2025 | Financial Statements, Terminologies
Includes all changes in equity during a period except those from owner investments or distributions. It extends beyond net income to include items like foreign currency adjustments and unrealized gains. Provides a fuller picture of financial performance.
by pay@crispino.us | Oct 28, 2025 | Accounting Proram, Terminologies
Automated approval chains for transactions, such as expense reports or vendor bills. Ensures compliance with company policies. Saves time and enforces accountability.
by pay@crispino.us | Oct 26, 2025 | Accounting Proram, Terminologies
Uses machine learning to recognize patterns in financial data and suggest account classifications. Improves accuracy over time as the system learns user behavior. A modern upgrade over static rules.
by pay@crispino.us | Oct 26, 2025 | Chart of Accounts, Income, Terminologies
Earnings from owning shares in other companies. Typically recognized when declared. Considered non-operating income for most businesses.
