by pay@crispino.us | Oct 7, 2025 | Assets, Chart of Accounts, Terminologies
Represents money available in currency and bank accounts. This account reflects the most liquid asset that a business can immediately use to settle obligations or invest. It is constantly updated as deposits and withdrawals occur.
by pay@crispino.us | Oct 1, 2025 | Assets, Chart of Accounts, Terminologies
Consumable items used in daily operations, like paper, ink, or cleaning products. Supplies are assets until they are consumed. At usage, they are expensed.
by pay@crispino.us | Sep 26, 2025 | Assets, Chart of Accounts, Terminologies
Fixed assets such as shelving, display racks, cash registers, and POS systems. They support day-to-day retail operations. Depreciated over their useful life.
by pay@crispino.us | Sep 14, 2025 | Assets, Chart of Accounts, Terminologies
Interest earned but not yet received in cash. It arises from investments or loans. Recognizing this ensures revenues match the period earned.
