by pay@crispino.us | Sep 18, 2025 | Chart of Accounts, Equity, Terminologies
Equity that has preferential rights to dividends or liquidation proceeds compared to common stock. Usually non-voting but offers stable returns. Hybrid between debt and equity.
by pay@crispino.us | Sep 17, 2025 | Accounting Proram, Terminologies
The ability to manage books for multiple branches, subsidiaries, or business units within the same system. It consolidates results while allowing separate reporting. Saves time for groups of businesses.
by pay@crispino.us | Sep 16, 2025 | Cost & Managerial Accounting, Terminologies
Expenses not directly traceable to a product or service, such as utilities or office salaries. Allocated based on estimates or cost drivers. Form part of overhead.
by pay@crispino.us | Sep 15, 2025 | Accounting Fundamentals, Terminologies
An accounting method where every transaction affects at least two accounts, with equal debits and credits. This system ensures the accounting equation (Assets = Liabilities + Equity) always remains balanced. It is the global standard for accurate accounting.
by pay@crispino.us | Sep 15, 2025 | Accounting Fundamentals, Terminologies
An organized listing of all account names and numbers a business uses to record financial transactions. It serves as a framework for classifying assets, liabilities, equity, revenues, and expenses. The COA keeps financial data consistent and structured across...
by pay@crispino.us | Sep 14, 2025 | Assets, Chart of Accounts, Terminologies
Interest earned but not yet received in cash. It arises from investments or loans. Recognizing this ensures revenues match the period earned.
