by Online Tutorial & Training Guide | Jan 29, 2026 | Accounting Proram, Terminologies
A system that grants permissions based on user roles rather than individual settings. For example, managers may approve transactions while clerks only enter data. Simplifies administration and strengthens security.
by Online Tutorial & Training Guide | Jan 27, 2026 | Assets, Chart of Accounts, Terminologies
Machinery, computers, and other tangible assets used in operations. Equipment is depreciated over its lifespan. Proper categorization distinguishes it from supplies.
by Online Tutorial & Training Guide | Jan 24, 2026 | Assets, Chart of Accounts, Terminologies
Company-owned cars, trucks, or vans used for deliveries or travel. These assets are depreciated over their useful life. They are tracked separately for tax and operational purposes.
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.
