by Small Business Accounting Software | Feb 26, 2026 | Chart of Accounts, Expenses, Terminologies
Compensation paid to employees for their services. Usually the largest operating expense for many businesses. Includes base pay but excludes benefits.
by Small Business Accounting Software | Feb 25, 2026 | Assets, Chart of Accounts, Terminologies
Money owed to the company by customers for goods or services delivered on credit. It reflects short-term claims expected to be collected within the business cycle. Managing A/R ensures strong cash flow.
by Small Business Accounting Software | Feb 24, 2026 | Terminologies
The use of borrowed funds to increase potential returns. While leverage can magnify profits, it also increases risk. Commonly assessed through debt ratios.
by Small Business Accounting Software | Feb 22, 2026 | Accounting Proram, Terminologies
Issued to increase the amount payable on an invoice, often due to under-billing or additional charges. Works as the opposite of a credit note. Ensures accuracy in payables and receivables.
by Small Business Accounting Software | Feb 21, 2026 | Chart of Accounts, Terminologies
Revenue earned by granting franchise rights. May include upfront fees and ongoing royalties. A key revenue account for franchisors.
