by pay@crispino.us | May 10, 2026 | Chart of Accounts, Expenses, Terminologies
Spending on workshops, courses, or seminars for employees. Enhances skills and productivity. Considered an investment in human capital.
by pay@crispino.us | May 10, 2026 | Recording & Adjustments, Terminologies
Costs paid in advance that will benefit future periods, such as prepaid insurance or rent. Initially recorded as assets, then expensed gradually. Matches costs with related revenues.
by pay@crispino.us | May 9, 2026 | Accounting Fundamentals, Terminologies
The fundamental formula: Assets = Liabilities + Equity. It shows the relationship between what a company owns, owes, and the residual interest of owners. This equation must always stay in balance.
by pay@crispino.us | May 9, 2026 | Chart of Accounts, Liabilities, Terminologies
A long-term liability secured by real property. Payments typically include both principal and interest. Often broken into current and long-term portions.
by pay@crispino.us | May 7, 2026 | Chart of Accounts, Expenses, Terminologies
Spending on marketing activities such as online ads, print media, or billboards. Helps attract customers and build brand awareness. Considered a discretionary expense.
