by Online Tutorial & Training Guide | Nov 8, 2025 | Accounting Proram, Terminologies
A document issued to correct or reduce an existing invoice, such as when goods are returned or an error is found. The software applies credit notes against outstanding balances. Helps maintain accurate receivables.
by Online Tutorial & Training Guide | Nov 8, 2025 | 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 Online Tutorial & Training Guide | Nov 6, 2025 | Chart of Accounts, Income, Terminologies
Earnings from investments, bank deposits, or loans. Provides passive income outside main operations. Recorded when earned, not necessarily received.
by Online Tutorial & Training Guide | Nov 4, 2025 | Cost & Managerial Accounting, Terminologies
Expenses directly tied to producing goods or services, such as raw materials or direct labor. Easily traceable to a specific product or job. Essential in job costing.
by Online Tutorial & Training Guide | Nov 4, 2025 | Chart of Accounts, Income, Terminologies
Earnings from allowing others to use intellectual property like patents, copyrights, or trademarks. Provides passive income streams. Recognized per contract terms.
