by pay@crispino.us | Jul 7, 2026 | Measurement & Valuation, Terminologies
Similar to depreciation but applied to intangible assets like patents, software, or franchise rights. It spreads the cost over the asset’s economic life. Ensures expenses align with benefits.
by pay@crispino.us | Jul 7, 2026 | Accounting Proram, Terminologies
Automatic checks that prevent incorrect entries, such as entering negative inventory or duplicate invoices. Improves accuracy by enforcing rules. Helps avoid costly mistakes.
by pay@crispino.us | Jul 6, 2026 | Chart of Accounts, Liabilities, Terminologies
Interest accrued on loans or notes but not yet paid. It is a short-term liability until settlement. This keeps financing costs accurately recorded.
by pay@crispino.us | Jul 4, 2026 | Assets, Chart of Accounts, Terminologies
Interest earned but not yet received in cash. It arises from investments or loans. Recognizing this ensures revenues match the period earned.
by pay@crispino.us | Jul 4, 2026 | Chart of Accounts, Equity, Terminologies
Tracks additional funds or assets contributed by the owner during the business’s operation (beyond initial capital). It highlights the reinvestment made by the owner to support growth. This account feeds into Owner’s Capital.
