by pay@crispino.us | Sep 1, 2026 | Chart of Accounts, Liabilities, Terminologies
Expenses incurred but not yet paid, such as wages, utilities, or taxes. They ensure liabilities are recorded when incurred, not just when paid. This maintains accrual-based accuracy.
by pay@crispino.us | Aug 7, 2026 | 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 | Jul 21, 2026 | Chart of Accounts, Liabilities, Terminologies
Potential obligations that depend on future events, such as lawsuits or guarantees. Recorded if probable and estimable. Disclosed in notes if uncertain.
by pay@crispino.us | Jun 29, 2026 | Chart of Accounts, Liabilities, Terminologies
Declared dividends owed to shareholders but not yet distributed. Once declared, they are an obligation until paid. They reduce retained earnings.
by pay@crispino.us | Jun 10, 2026 | Chart of Accounts, Liabilities, Terminologies
Interest accrued on loans or notes but not yet paid. It is a short-term liability until settlement. This keeps financing costs accurately recorded.
by pay@crispino.us | May 24, 2026 | Chart of Accounts, Liabilities, Terminologies
Formal written promises to pay lenders, often with interest, within a set timeframe. They may be short-term or long-term depending on maturity. Notes provide structured financing.
