by pay@crispino.us | Dec 1, 2025 | Accounting Proram, Terminologies
A feature where the system automatically assigns expenses or income to the correct account based on past behavior or rules. Saves time and reduces errors. Particularly helpful for recurring transactions.
by pay@crispino.us | Dec 1, 2025 | Chart of Accounts, Liabilities, Terminologies
Similar to unearned revenue, but often used for long-term obligations like software subscriptions or annual service contracts. Recognized gradually as services are performed. Ensures revenue recognition compliance.
by pay@crispino.us | Nov 27, 2025 | Chart of Accounts, Income, Terminologies
Revenue from leasing company-owned property or equipment. Can be steady recurring income. Recognized when rent is due.
by pay@crispino.us | Nov 25, 2025 | Accounting Proram, Terminologies
A system-generated record of all actions performed within the software, such as who logged in, what was changed, and when. It ensures accountability and supports compliance. Audit logs are vital for detecting unauthorized activities.
by pay@crispino.us | Nov 25, 2025 | Recording & Adjustments, Terminologies
A collection of all accounts that summarizes transactions from journals. It is often referred to as the “book of final entry.” The general ledger provides the basis for financial statements.
