by pay@crispino.us | Jan 19, 2026 | Chart of Accounts, Income, Terminologies
Earnings from owning shares in other companies. Typically recognized when declared. Considered non-operating income for most businesses.
by pay@crispino.us | Jan 17, 2026 | Chart of Accounts, Expenses, Terminologies
Similar to depreciation but applied to intangible assets like patents or software. It spreads cost over the asset’s useful life. Ensures compliance with accrual accounting.
by pay@crispino.us | Jan 15, 2026 | Chart of Accounts, Expenses, Terminologies
The cost of items like pens, paper, and printer cartridges consumed during operations. Recorded when used, not purchased if immaterial. Distinct from inventory.
by pay@crispino.us | Jan 11, 2026 | Chart of Accounts, Income, Terminologies
Revenue from leasing company-owned property or equipment. Can be steady recurring income. Recognized when rent is due.
by pay@crispino.us | Jan 10, 2026 | Assets, Chart of Accounts, Terminologies
Shares, bonds, or other instruments intended to be held beyond one year. Provides income and diversification for excess funds. Classified as noncurrent assets.
by pay@crispino.us | Jan 10, 2026 | Assets, Chart of Accounts, Terminologies
Highly liquid investments intended to be held for less than a year, such as treasury bills or certificates of deposit. They provide a return while maintaining liquidity. Often used for surplus cash management.
