by Small Business Accounting Software | Mar 12, 2026 | Terminologies
Expenses that remain constant regardless of production volume, such as rent or salaries. They do not vary with activity levels. Important for break-even analysis.
by Small Business Accounting Software | Mar 12, 2026 | Chart of Accounts, Terminologies
Represents equity ownership in subsidiaries not fully owned by the parent company. Shows the portion belonging to outside investors. Important in consolidated financials.
by Small Business Accounting Software | Mar 11, 2026 | Assets, Chart of Accounts, Terminologies
Cash discounts taken for early payment of supplier invoices. Reduces the overall cost of purchases. An incentive to manage cash efficiently.
by Small Business Accounting Software | Mar 3, 2026 | Accounting Proram, Terminologies
A system-generated record of all actions performed within the software, such as who logged in, what was changed, and when. It ensures accountability and supports compliance. Audit logs are vital for detecting unauthorized activities.
by Small Business Accounting Software | Feb 26, 2026 | Assets, Chart of Accounts, Terminologies
Shares, bonds, or other instruments intended to be held beyond one year. Provides income and diversification for excess funds. Classified as noncurrent assets.
