Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Expenses are an unavoidable cost of doing -- and staying in -- business. When a business incurs an expense, there are two accounting methods it may use to record the expense to its books -- the cash ...

Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

Accounting gives a business a way to keep track of its liabilities and expenses. In terms of liability vs. expense accounts, a liability refers to a financial obligation, or upcoming duty to pay. An ...

Everyone hates expense reports. For one thing, regardless of how an individual tracks their expenses, there’s no “standard” way to report them. If their organization reimburses them, it probably has ...

Expense accounts, also called expense allowances, are plans under which companies reimburse employees for business-related expenses. These expenses include travel, entertainment, gifts, and other ...

An expense account sounds simple enough, but it actually means two different things in business. First, it’s the process that lets employees pay for work expenses and get reimbursed by their company.

Minor small business accounting errors can have a significant effect on your business's finances. Learn the most common ...

Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Have you ever noticed employees submitting the same receipt for recurring charges? Or managers approving out-of-policy travel just because it's "urgent"? Have you caught reimbursements for mileage, ...