by Online Tutorial & Training Guide | Jan 29, 2026 | Chart of Accounts, Expenses, Terminologies
Covers fuel, repairs, and upkeep of company-owned vehicles. Essential for logistics and transportation-heavy businesses. Requires mileage tracking for compliance.
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, Expenses, Terminologies
Compensation paid to employees for their services. Usually the largest operating expense for many businesses. Includes base pay but excludes benefits.
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 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.
by Online Tutorial & Training Guide | Jan 4, 2026 | Chart of Accounts, Expenses, Terminologies
Spending on meals, events, or hospitality to build client relationships. Subject to regulatory and tax restrictions. Needs proper documentation for deductions.
