by pay@crispino.us | Sep 15, 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 11, 2025 | Accounting Proram, Terminologies
Allows users to log in once to access multiple systems connected to the accounting software. Reduces password fatigue and improves security. Common in integrated enterprise environments.
by pay@crispino.us | Sep 9, 2025 | Chart of Accounts, Liabilities, Terminologies
Wages owed to employees for work performed but not yet paid. Recorded as a current liability until settled. Ensures accurate matching of labor costs to the correct period.
by pay@crispino.us | Sep 8, 2025 | Accounting Proram, Terminologies
Access to core accounting features via mobile apps. Users can issue invoices, approve expenses, or check balances on the go. Increases flexibility for business owners.
by pay@crispino.us | Sep 4, 2025 | Accounting Proram, Terminologies
Customizable settings that restrict or allow access to specific features or data. For example, giving staff access to invoicing but not payroll. Maintains confidentiality and reduces risks of fraud.
by pay@crispino.us | Sep 4, 2025 | Taxes & Regulations, Terminologies
An expense that reduces taxable income, lowering overall tax liability. Examples include business expenses, charitable donations, and retirement contributions. Encourages certain behaviors through incentives.
by pay@crispino.us | Sep 3, 2025 | Recording & Adjustments, Terminologies
Journal entries made at the end of an accounting period to reset temporary accounts (revenues, expenses, drawings) to zero. Their balances transfer to permanent accounts like capital or retained earnings. This prepares books for the next cycle.
by pay@crispino.us | Sep 3, 2025 | Cost & Managerial Accounting, Terminologies
The difference between sales revenue and variable costs. It contributes toward covering fixed costs and generating profit. Used in cost-volume-profit analysis.
by pay@crispino.us | Sep 2, 2025 | 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 | Aug 3, 2025 | Uncategorized
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