by Online Tutorial & Training Guide | Jan 15, 2026 | Accounting Proram, Terminologies
A tool that allows businesses to prepare formal price estimates or quotes for customers. Once accepted, these can often be converted into invoices automatically. Speeds up sales-to-billing processes.
by Online Tutorial & Training Guide | Jan 15, 2026 | Chart of Accounts, Expenses, Terminologies
Payments to outside contractors or freelancers who provide part of a contracted service. Common in construction, design, and professional services. Considered a direct operating expense.
by Online Tutorial & Training Guide | Jan 14, 2026 | Financial Analysis, Terminologies
The ability to meet long-term obligations. Solvency is assessed by debt-to-equity and interest coverage ratios. A solvent company is more stable and less risky to creditors.
by Online Tutorial & Training Guide | Jan 13, 2026 | Chart of Accounts, Income, Terminologies
Income from selling goods or services. It is the primary revenue stream for most companies. Recorded net of returns and discounts.
by Online Tutorial & Training Guide | Jan 12, 2026 | Chart of Accounts, Expenses, Terminologies
The cost of borrowing money through loans or bonds. Recorded based on accruals, not just payments. Impacts net income directly.
