by pay@crispino.us | Sep 17, 2025 | Financial Statements, Terminologies
Measures how effectively a company generates profit from shareholders’ investments. Calculated as Net Income ÷ Shareholders’ Equity. A key metric for investors.
by pay@crispino.us | Sep 13, 2025 | Accounting Proram, Terminologies
A system that grants permissions based on user roles rather than individual settings. For example, managers may approve transactions while clerks only enter data. Simplifies administration and strengthens security.
by pay@crispino.us | Sep 13, 2025 | Cost & Managerial Accounting, Terminologies
Expenses not directly traceable to a product or service, such as utilities or office salaries. Allocated based on estimates or cost drivers. Form part of overhead.
by pay@crispino.us | Sep 12, 2025 | Chart of Accounts, Equity, Terminologies
A broader account that reflects the residual interest in the business after liabilities are deducted from assets. It may be used in place of “Owner’s Capital” in simplified setups. Shows the owner’s true claim on the business.
by pay@crispino.us | Sep 11, 2025 | Chart of Accounts, Expenses, Terminologies
Costs to keep equipment, property, or vehicles operational. Unlike improvements, repairs are expensed immediately. Critical for sustaining operations.
by pay@crispino.us | Sep 2, 2025 | Chart of Accounts, Equity, Terminologies
Withdrawals made by the owner for personal use. It reduces the owner’s equity. Common in sole proprietorships or partnerships.
