by pay@crispino.us | Feb 8, 2026 | Chart of Accounts, Liabilities, Terminologies
Represents amounts owed to government agencies for income, sales, or other taxes. Accurate calculation and timely payment prevent penalties. Reported as current liabilities.
by pay@crispino.us | Feb 6, 2026 | Chart of Accounts, Expenses, Terminologies
Shipping or courier costs for delivering goods to customers. Treated as a selling expense, not part of inventory. Essential for e-commerce and retail operations.
by pay@crispino.us | Feb 3, 2026 | Assets, Chart of Accounts, Terminologies
Costs incurred for projects still under development, such as a building not yet finished. This account accumulates expenses until the asset is ready for use. Once complete, the balance is transferred to a fixed asset category.
by pay@crispino.us | Feb 3, 2026 | Accounting Proram, Terminologies
A feature that lets users click on summary figures to see detailed transactions behind them. For example, from “Total Sales” down to individual invoices. Enhances transparency and understanding of numbers.
by pay@crispino.us | Feb 3, 2026 | Chart of Accounts, Expenses, Terminologies
Spending on marketing activities such as online ads, print media, or billboards. Helps attract customers and build brand awareness. Considered a discretionary expense.
by pay@crispino.us | Feb 1, 2026 | Chart of Accounts, Expenses, Terminologies
Costs to keep equipment, property, or vehicles operational. Unlike improvements, repairs are expensed immediately. Critical for sustaining operations.
