by pay@crispino.us | Jun 27, 2026 | Chart of Accounts, Income, Terminologies
Income earned from providing professional advice or specialized services. Recognized when the service is rendered. Common for service-based businesses like law, IT, and accounting.
by pay@crispino.us | Jun 12, 2026 | Chart of Accounts, Income, Terminologies
Supplemental income from business activities outside the core product or service but still operational, such as parking fees at a hotel. Enhances profitability. Reported separately for transparency.
by pay@crispino.us | May 15, 2026 | Chart of Accounts, Income, Terminologies
Income from one-time projects, often used in construction, marketing, or event management services. Each project may be tracked separately for job costing. Offers insights into project profitability.
by pay@crispino.us | May 12, 2026 | Chart of Accounts, Income, Terminologies
Profit realized when selling fixed assets at a price higher than book value. It is recorded as income separate from regular sales. Helps reflect capital gains in operations.
by pay@crispino.us | Apr 13, 2026 | Chart of Accounts, Income, Terminologies
Revenue earned by granting franchise rights. May include upfront fees and ongoing royalties. A key revenue account for franchisors.
by pay@crispino.us | Mar 9, 2026 | Chart of Accounts, Income, Terminologies
Income from selling goods or services. It is the primary revenue stream for most companies. Recorded net of returns and discounts.
