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 | May 10, 2026 | Chart of Accounts, Expenses, Terminologies
Spending on workshops, courses, or seminars for employees. Enhances skills and productivity. Considered an investment in human capital.
by pay@crispino.us | May 9, 2026 | Chart of Accounts, Liabilities, Terminologies
A long-term liability secured by real property. Payments typically include both principal and interest. Often broken into current and long-term portions.
by pay@crispino.us | May 7, 2026 | Chart of Accounts, Expenses, Terminologies
Spending on marketing activities such as online ads, print media, or billboards. Helps attract customers and build brand awareness. Considered a discretionary expense.
by pay@crispino.us | May 4, 2026 | Chart of Accounts, Expenses, Terminologies
Similar to depreciation but applied to intangible assets like patents or software. It spreads cost over the asset’s useful life. Ensures compliance with accrual accounting.
by pay@crispino.us | May 2, 2026 | Chart of Accounts, Expenses, Terminologies
Covers fuel, repairs, and upkeep of company-owned vehicles. Essential for logistics and transportation-heavy businesses. Requires mileage tracking for compliance.
