by pay@crispino.us | Feb 13, 2026 | Chart of Accounts, Expenses, Terminologies
Covers software subscriptions, licenses, and IT support services. Increasingly significant due to digital transformation. Treated as recurring operating costs.
by pay@crispino.us | Feb 12, 2026 | Chart of Accounts, Equity, Terminologies
Represents ownership interest in a corporation. Issued shares grant voting rights and residual claim on profits. Equity increases when stock is sold to investors.
by pay@crispino.us | Feb 11, 2026 | Accounting Proram, Terminologies
Technology that scans and extracts data from receipts, invoices, or documents into the system automatically. Reduces manual entry. Enhances efficiency in expense management.
by pay@crispino.us | Feb 10, 2026 | Other Key Terms, Terminologies
Supporting documents accountants prepare during audits or reporting. They include schedules, reconciliations, and analysis used to verify accounts. Provide evidence and reference for conclusions.
by pay@crispino.us | Feb 9, 2026 | Chart of Accounts, Liabilities, Terminologies
Declared dividends owed to shareholders but not yet distributed. Once declared, they are an obligation until paid. They reduce retained earnings.
by pay@crispino.us | Feb 8, 2026 | Chart of Accounts, Expenses, Terminologies
Costs of transporting goods to customers or between facilities. Essential in supply chain-heavy industries. May be charged to customers or absorbed by the company.
by pay@crispino.us | Feb 6, 2026 | Internal Controls & Compliance, Terminologies
A U.S. law passed in 2002 to enhance corporate governance and financial transparency. Requires stricter internal controls and auditor independence. Applies mainly to publicly traded companies.
by pay@crispino.us | Feb 5, 2026 | Chart of Accounts, Expenses, Terminologies
Payments to outside contractors or freelancers who provide part of a contracted service. Common in construction, design, and professional services. Considered a direct operating expense.
by pay@crispino.us | Feb 3, 2026 | Financial Statements, Terminologies
A profitability ratio that shows how effectively assets generate net income. Calculated as Net Income ÷ Total Assets. Indicates efficiency in using resources.
by pay@crispino.us | Feb 3, 2026 | Assets, Chart of Accounts, Terminologies
A temporary account used to track goods bought for resale. At the end of the period, it adjusts into inventory and COGS. Helps monitor supplier activity and inventory turnover.
