by Small Business Accounting Software | May 15, 2026 | Chart of Accounts, Expenses, Terminologies
Costs of transporting goods to customers or between facilities. Essential in supply chain-heavy industries. May be charged to customers or absorbed by the company.
by Small Business Accounting Software | May 14, 2026 | Chart of Accounts, Expenses, Terminologies
A catch-all category for minor expenses that don’t fit elsewhere. Should be monitored to avoid misuse. Best practice is to keep this account minimal.
by Small Business Accounting Software | May 12, 2026 | Chart of Accounts, Terminologies
Income from workshops, courses, or other educational services. Can be billed per session, subscription, or certification. Increasingly common in digital learning businesses.
by Small Business Accounting Software | May 7, 2026 | Chart of Accounts, Terminologies
Any borrowing with repayment terms beyond one year. This may include bank loans, bonds, or lease obligations. Provides major financing but increases leverage.
by Small Business Accounting Software | Apr 26, 2026 | Chart of Accounts, Terminologies
Similar to unearned revenue, but often used for long-term obligations like software subscriptions or annual service contracts. Recognized gradually as services are performed. Ensures revenue recognition compliance.
by Small Business Accounting Software | Apr 25, 2026 | Chart of Accounts, 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.
