Expenses

Introduction Accrued expenses stem from a promise.  Let’s say you promised to pay your vendor 1000 dollars for their service at the end of their contract. The vendor...

Introduction Unit cost is a fundamental concept in business and economics. It influences many decisions related to production, pricing, and profitability analysis. It is more than just a...

Introduction Clarity about cost is paramount for an investor.  The expense ratio tells them how much it costs to manage a fund. It’s often overlooked. Still, it’s one...

Introduction Operating cost is a company's expense to keep its operations running smoothly. Operating costs are a monetary representation of what it takes to run a business. Wages,...

Introduction Ever wondered how businesses keep track of every penny that goes into making their products or delivering their services? Well, it's all about the art and science...

Introduction Intangible assets may not have a physical shape, but their value is as real as gold, maybe more. The value isn’t based on quantifiable units. Instead, businesses...

Introduction In the intricate realm of business operations, understanding the concept of Variable Cost is paramount to achieving sustainable success. As you delve into the world of enterprise...

Introduction to prepaid expenses Prepaid expenses are expenditures made in advance for goods or services your organization will receive or consume in the future. Doesn’t it seem like...

Introduction In today's rapidly evolving digital landscape, electronic payment methods have become a fundamental aspect of modern financial transactions. Electronic payment, also known as e-payment, refers to the...

Introduction to payroll expense Payroll, the one word with two syllables, is an intrinsic part of any business. Simply put, Payroll = pay the roll  (list of employees)...