by pay@crispino.us | Jan 12, 2026 | Financial Statements, Terminologies
Reports the inflows and outflows of cash from operating, investing, and financing activities. It explains why net income may differ from cash position. Vital for understanding liquidity and sustainability.
by pay@crispino.us | Jan 11, 2026 | Financial Statements, Terminologies
Shows changes in retained earnings during a period, including net income, dividends, and prior period adjustments. Links income statement and balance sheet. Useful for assessing profit reinvestment.
by pay@crispino.us | Jan 10, 2026 | Chart of Accounts, Expenses, Terminologies
Payments for maintaining cleanliness of offices or facilities. Necessary for workplace safety and comfort. Often outsourced to contractors.
by pay@crispino.us | Jan 8, 2026 | Assets, Chart of Accounts, Terminologies
Company-owned cars, trucks, or vans used for deliveries or travel. These assets are depreciated over their useful life. They are tracked separately for tax and operational purposes.
by pay@crispino.us | Jan 8, 2026 | Chart of Accounts, Equity, Terminologies
Tracks gains and losses not included in net income, such as foreign currency adjustments or unrealized securities gains. Appears in equity section. Reflects broader changes in net worth.
by pay@crispino.us | Jan 7, 2026 | Assets, Chart of Accounts, Terminologies
When the owner lends money to the business with the intention of repayment, rather than contributing capital. Classified as a liability for the business until paid back. Keeps a distinction between investment and temporary financial support.
by pay@crispino.us | Jan 3, 2026 | Accounting Proram, Terminologies
A feature that allows recording transactions in different currencies. Essential for businesses dealing with international clients or suppliers. Automatically updates conversions based on exchange rates.
by pay@crispino.us | Dec 28, 2025 | Assets, Chart of Accounts, Terminologies
Payments made in advance for goods or services to be received in the future, such as insurance or rent. They are assets until the benefit is realized. Expense recognition occurs gradually over the benefit period.
by pay@crispino.us | Dec 28, 2025 | Taxes & Regulations, Terminologies
A levy imposed on net income earned by businesses and individuals. It reduces profitability but funds government operations. Requires accurate calculation and timely reporting.
by pay@crispino.us | Dec 27, 2025 | Chart of Accounts, Expenses, Terminologies
Represents taxes on net income owed to the government. Calculated based on taxable income, not accounting profit. A standard line item on income statements.
