by pay@crispino.us | Jul 6, 2026 | Chart of Accounts, Expenses, Terminologies
Shipping costs incurred to bring purchased goods into the business. Included in inventory cost until sold. Helps establish accurate cost of goods.
by pay@crispino.us | Jun 9, 2026 | Chart of Accounts, Expenses, Terminologies
Payments for leased property or equipment used in operations. Recognized monthly or per the rental agreement. A major recurring operating cost.
by pay@crispino.us | May 24, 2026 | Chart of Accounts, Expenses, Terminologies
Premiums paid for various insurance policies such as health, liability, or property. Recognized over the coverage period. Provides risk protection.
by pay@crispino.us | May 13, 2026 | Chart of Accounts, Expenses, Terminologies
Covers legal advice, representation, and filing fees. Critical for risk management. May spike during disputes or acquisitions.
by pay@crispino.us | May 11, 2026 | Chart of Accounts, Expenses, Terminologies
Covers consumables or materials used to deliver services (e.g., cleaning supplies for janitorial work, parts for repair services). Unlike merchandise, they are not resold. Recorded as a direct cost of service delivery.
by pay@crispino.us | Apr 12, 2026 | Chart of Accounts, Expenses, Terminologies
Payments for maintaining cleanliness of offices or facilities. Necessary for workplace safety and comfort. Often outsourced to contractors.
