by pay@crispino.us | Sep 29, 2026 | Chart of Accounts, Liabilities, Terminologies
Money received before goods or services are delivered. It is a liability until the company fulfills its obligation. Examples include advance payments for subscriptions or bookings. by pay@crispino.us | Sep 20, 2026 | Chart of Accounts, Liabilities, Terminologies
Debt securities issued by a company to raise capital. They usually have fixed interest rates and maturity dates. Often used for large-scale financing. 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.