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.
