by pay@crispino.us | Oct 31, 2025 | Recording & Adjustments, Terminologies
Revenue earned but not yet billed or collected. For example, consulting services provided in December but invoiced in January. Recognized under accrual accounting.
by pay@crispino.us | Oct 28, 2025 | Financial Statements, Terminologies
Includes all changes in equity during a period except those from owner investments or distributions. It extends beyond net income to include items like foreign currency adjustments and unrealized gains. Provides a fuller picture of financial performance.
by pay@crispino.us | Oct 28, 2025 | Accounting Proram, Terminologies
Automated approval chains for transactions, such as expense reports or vendor bills. Ensures compliance with company policies. Saves time and enforces accountability.
by pay@crispino.us | Oct 26, 2025 | Accounting Proram, Terminologies
Uses machine learning to recognize patterns in financial data and suggest account classifications. Improves accuracy over time as the system learns user behavior. A modern upgrade over static rules.
by pay@crispino.us | Oct 26, 2025 | Chart of Accounts, Income, Terminologies
Earnings from owning shares in other companies. Typically recognized when declared. Considered non-operating income for most businesses.
by pay@crispino.us | Oct 23, 2025 | Chart of Accounts, Equity, Terminologies
Cumulative net income not distributed as dividends but reinvested in the business. It grows with profits and shrinks with losses or dividend payments. Critical for long-term financing.
