by pay@crispino.us | May 4, 2026 | Chart of Accounts, Liabilities, Terminologies
A category for uncommon obligations not classified elsewhere, such as deferred compensation or contingent liabilities. Used sparingly. Helps avoid clutter in reporting.
by pay@crispino.us | May 3, 2026 | Accounting Proram, Terminologies
A system that grants permissions based on user roles rather than individual settings. For example, managers may approve transactions while clerks only enter data. Simplifies administration and strengthens security.
by pay@crispino.us | May 2, 2026 | Assets, Chart of Accounts, Terminologies
Purchased or developed computer programs used for operations. Considered an intangible asset, but recorded separately for clarity. May be amortized over its useful life.
by pay@crispino.us | May 2, 2026 | Other Key Terms, Terminologies
The conclusion issued by an auditor on financial statements. Types include unqualified (clean), qualified, adverse, and disclaimer. It influences stakeholders’ confidence.
by pay@crispino.us | May 1, 2026 | Accounting Proram, Terminologies
Technology that scans and extracts data from receipts, invoices, or documents into the system automatically. Reduces manual entry. Enhances efficiency in expense management.
by pay@crispino.us | May 1, 2026 | Accounting Proram, Terminologies
Settings that define what different people can access within the system, such as admin, accountant, or viewer. This ensures data security and proper segregation of duties. It helps prevent unauthorized changes to sensitive financial data.
