Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

In accrual accounting, an expense is recognized when the business becomes liable for it, not when it settles the account. A company may pay some expenses, such as utility bills, in arrears and others, ...

Expenses are an unavoidable cost of doing -- and staying in -- business. When a business incurs an expense, there are two accounting methods it may use to record the expense to its books -- the cash ...

An expense account sounds simple enough, but it actually means two different things in business. First, it's the process that lets employees pay for work expenses and get reimbursed by their company.

Many businesses that do work for a client need to acquire goods or assets on behalf of the client in order to produce the agreed-upon work. For instance, a design firm would need domain names or ...

Everyone hates expense reports. For one thing, regardless of how an individual tracks their expenses, there’s no “standard” way to report them. If their organization reimburses them, it probably has ...

Expense accounts, also called expense allowances, are plans under which companies reimburse employees for business-related expenses. These expenses include travel, entertainment, gifts, and other ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...