Resources on basic accounting and payment terms business owners must know.
Learn what bad debt expense is, how businesses record it in accounting, and why tracking bad debt expense helps reflect true financial health.
What is an expense check? An expense check is a reimbursement payment for business costs. Learn how expense checks work and why they matter.
Learn what accrued interest is, how it works for loans and investments, and see examples for calculating accrued interest accurately.
Lean accounting is a financial method that reduces waste and simplifies reporting. Learn what lean accounting is, how it works, and its benefits.
Learn what grant accounting is, why it matters for nonprofits, and how accurate tracking grant accounting ensures compliance, transparency, and future funding.
Discover how an expense approval process works, why it matters, and best practices to streamline approvals, reduce risk, and improve compliance.
Learn how business expense tax deductions work, what qualifies, and how to track expenses to reduce taxable income and stay compliant.
Discover what a periodic expense is with clear definitions, examples, benefits, and tips for budgeting infrequent business costs like taxes and insurance.
Learn the differences between accrued expenses vs accounts payable, including definitions, examples, and how their impact to financial statements.
Learn what cost-to-cost method is. Discover how it helps businesses like construction firms recognize revenue, improve forecasting, and reduce volatility.
Learn what internal control over financial reporting (ICFR) is, its benefits, and how to implement a strong framework using the COSO model.
Learn what cash controls are, why they matter, and how to implement cash controls to protect your business from errors, fraud, and loss.
