by pay@crispino.us | Sep 24, 2026 | Assets, Chart of Accounts, Terminologies
A temporary account used to track goods bought for resale. At the end of the period, it adjusts into inventory and COGS. Helps monitor supplier activity and inventory turnover. by pay@crispino.us | Sep 23, 2026 | Chart of Accounts, Expenses, Terminologies
Compensation paid to employees for their services. Usually the largest operating expense for many businesses. Includes base pay but excludes benefits. by pay@crispino.us | Sep 23, 2026 | Chart of Accounts, Equity, Terminologies
Cumulative net income not distributed as dividends but reinvested in the business. It grows with profits and shrinks with losses or dividend payments. Critical for long-term financing. 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 17, 2026 | Chart of Accounts, Expenses, Terminologies
Spending on mailing letters, shipping products, or courier services. Often minor but necessary. Essential in businesses reliant on logistics. by pay@crispino.us | Sep 14, 2026 | Chart of Accounts, Income, Terminologies
Income from one-time projects, often used in construction, marketing, or event management services. Each project may be tracked separately for job costing. Offers insights into project profitability.