by pay@crispino.us | Feb 23, 2026 | 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.
by pay@crispino.us | Feb 21, 2026 | Accounting Proram, Terminologies
A preliminary bill of sale sent before delivery of goods or services. It outlines expected charges but is not yet a legally binding invoice. Helps customers prepare payment in advance.
by pay@crispino.us | Feb 20, 2026 | Accounting Proram, Terminologies
An automated link between a business’s bank account and the accounting system. It imports transactions in real time, reducing manual data entry. This improves accuracy and speeds up reconciliations.
by pay@crispino.us | Feb 20, 2026 | Chart of Accounts, Expenses, Terminologies
Reductions in sales prices given to customers, usually for early payment or promotions. Recorded separately from gross sales to show net sales. Useful for analyzing pricing strategies.
by pay@crispino.us | Feb 18, 2026 | Chart of Accounts, Equity, Terminologies
Represents amounts investors pay above par value when purchasing stock. It reflects extra equity contributions. Often arises in public offerings.
