by Small Business Accounting Software | Dec 4, 2025 | Chart of Accounts, Terminologies
Interest accrued on loans or notes but not yet paid. It is a short-term liability until settlement. This keeps financing costs accurately recorded.
by Small Business Accounting Software | Dec 4, 2025 | Chart of Accounts, Expenses, Terminologies
Shipping costs incurred to bring purchased goods into the business. Included in inventory cost until sold. Helps establish accurate cost of goods.
by Small Business Accounting Software | Nov 30, 2025 | Assets, Chart of Accounts, Terminologies
Highly liquid investments intended to be held for less than a year, such as treasury bills or certificates of deposit. They provide a return while maintaining liquidity. Often used for surplus cash management.
by Small Business Accounting Software | Nov 25, 2025 | Chart of Accounts, Expenses, Terminologies
Shipping or courier costs for delivering goods to customers. Treated as a selling expense, not part of inventory. Essential for e-commerce and retail operations.
by Small Business Accounting Software | Nov 22, 2025 | Chart of Accounts, Terminologies
A long-term liability secured by real property. Payments typically include both principal and interest. Often broken into current and long-term portions.
by Small Business Accounting Software | Nov 17, 2025 | Chart of Accounts, Expenses, Terminologies
Payments for leased property or equipment used in operations. Recognized monthly or per the rental agreement. A major recurring operating cost.
