by pay@crispino.us | Oct 23, 2025 | Chart of Accounts, Equity, Terminologies
Cumulative net income not distributed as dividends but reinvested in the business. It grows with profits and shrinks with losses or dividend payments. Critical for long-term financing.
by pay@crispino.us | Oct 20, 2025 | Assets, Chart of Accounts, Terminologies
Purchased or developed computer programs used for operations. Considered an intangible asset, but recorded separately for clarity. May be amortized over its useful life.
by pay@crispino.us | Oct 18, 2025 | Chart of Accounts, Expenses, Terminologies
The cost of items like pens, paper, and printer cartridges consumed during operations. Recorded when used, not purchased if immaterial. Distinct from inventory.
by pay@crispino.us | Oct 14, 2025 | Accounting Proram, Terminologies
Connecting the accounting system with other business tools like payroll, inventory, or CRM platforms. Integration reduces duplicate data entry and keeps information synchronized. Supports a unified workflow.
by pay@crispino.us | Oct 12, 2025 | Cost & Managerial Accounting, Terminologies
Expenses directly tied to producing goods or services, such as raw materials or direct labor. Easily traceable to a specific product or job. Essential in job costing.
