by Small Business Accounting Software | Jan 20, 2026 | Assets, Chart of Accounts, Terminologies
Funds held as security for future services, leases, or utilities. For example, a rental security deposit recorded as an asset until refunded or applied. It provides assurance that obligations will be met.
by Small Business Accounting Software | Jan 19, 2026 | Chart of Accounts, Terminologies
Represents obligations to provide goods or services for gift cards sold but not yet redeemed. It remains a liability until redemption occurs. Important for revenue recognition compliance.
by Small Business Accounting Software | Jan 18, 2026 | Terminologies
The ability to generate earnings relative to sales, assets, or equity. Measured using margins like gross profit and net profit ratio. Profitability is central to business sustainability.
by Small Business Accounting Software | Jan 13, 2026 | Accounting Proram, Terminologies
Automated approval chains for transactions, such as expense reports or vendor bills. Ensures compliance with company policies. Saves time and enforces accountability.
by Small Business Accounting Software | Jan 12, 2026 | Terminologies
The expected period an asset will be productive for business purposes. Used to determine depreciation schedules. Can differ from physical life due to obsolescence.
by Small Business Accounting Software | Jan 11, 2026 | Terminologies
Net income attributable to each outstanding share of common stock. EPS is widely followed by investors. Higher EPS signals stronger profitability.
