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 22, 2026 | Recording & Adjustments, Terminologies
Money received before services are performed or goods are delivered. Treated as a liability until obligations are fulfilled. Common with subscriptions and advance bookings. 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 18, 2026 | Measurement & Valuation, Terminologies
States that assets should be recorded at their original purchase price, not market value. Provides objectivity and verifiability. Though simple, it may understate asset values in inflationary times. by pay@crispino.us | Sep 18, 2026 | Accounting Proram, Terminologies
A safe test space within the system where users can try out features, train staff, or test integrations without affecting live data. Prevents errors in real records. Valuable for training and experimentation. by pay@crispino.us | Sep 18, 2026 | Accounting Proram, Terminologies
Tracks vendor bills and payments. Allows scheduling, approvals, and recurring entries for regular suppliers. Essential for managing obligations and maintaining supplier relationships.