by pay@crispino.us | Feb 23, 2026 | Assets, Chart of Accounts, Terminologies
A contra-asset account estimating the portion of receivables unlikely to be collected. It aligns revenues with probable losses. It prevents overstating assets in financial reports.
by pay@crispino.us | Feb 3, 2026 | Assets, Chart of Accounts, Terminologies
A temporary account used to track goods bought for resale. At the end of the period, it adjusts into inventory and COGS. Helps monitor supplier activity and inventory turnover.
by pay@crispino.us | Feb 2, 2026 | Assets, Chart of Accounts, Terminologies
The cost of obtaining the right to operate under a franchise brand. Provides access to trademarks, business models, and marketing support. Amortized over the agreement term.
by pay@crispino.us | Jan 22, 2026 | Assets, Chart of Accounts, Terminologies
Written promises from customers or others to pay a definite amount at a specific future date. Notes may earn interest, making them slightly different from accounts receivable. They are enforceable legal agreements.
by pay@crispino.us | Jan 20, 2026 | Assets, Chart of Accounts, Terminologies
Money owed to the company by customers for goods or services delivered on credit. It reflects short-term claims expected to be collected within the business cycle. Managing A/R ensures strong cash flow.
by pay@crispino.us | Jan 8, 2026 | Assets, Chart of Accounts, Terminologies
Company-owned cars, trucks, or vans used for deliveries or travel. These assets are depreciated over their useful life. They are tracked separately for tax and operational purposes.
