by pay@crispino.us | Feb 8, 2026 | Chart of Accounts, Expenses, Terminologies
Costs of transporting goods to customers or between facilities. Essential in supply chain-heavy industries. May be charged to customers or absorbed by the company.
by pay@crispino.us | Feb 5, 2026 | Chart of Accounts, Expenses, Terminologies
Payments to outside contractors or freelancers who provide part of a contracted service. Common in construction, design, and professional services. Considered a direct operating expense.
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 3, 2026 | Chart of Accounts, Liabilities, Terminologies
Any borrowing with repayment terms beyond one year. This may include bank loans, bonds, or lease obligations. Provides major financing but increases leverage.
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.
