by Online Tutorial & Training Guide | Jan 24, 2026 | Chart of Accounts, Liabilities, 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 Online Tutorial & Training Guide | Jan 21, 2026 | Accounting Proram, Terminologies
Connecting the accounting system with other business tools like payroll, inventory, or CRM platforms. Integration reduces duplicate data entry and keeps information synchronized. Supports a unified workflow.
by Online Tutorial & Training Guide | Jan 20, 2026 | Chart of Accounts, Liabilities, Terminologies
Represents amounts owed to government agencies for income, sales, or other taxes. Accurate calculation and timely payment prevent penalties. Reported as current liabilities.
by Online Tutorial & Training Guide | Jan 19, 2026 | 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.
by Online Tutorial & Training Guide | Jan 18, 2026 | Chart of Accounts, Equity, Terminologies
Withdrawals by individual partners for personal use. Reduces that partner’s equity. Recorded separately to monitor distributions.
