Businesses make advance payments for a variety of different expenses. Any expense that is paid in advance of actually receiving the benefit of the payment is considered a prepaid expense for ...

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and ...

A purchase made on credit, whether on a company credit card or through an established billing arrangement, is an incurred expense until the debt is satisfied and becomes a paid expense. Many companies ...

ST. PAUL -- Year-end tax planning for calendar year 2008 is upon us, and prepaid farm expenses are one area of concern for many farm operators as they execute year-end tax planning strategies. If you ...

Large and small businesses alike are turning to prepaid cards as an expense management tool because of its ease of use and the convenience it offers. Prepaid programs save businesses time and money, ...

For decades, employee expense reporting has followed a familiar path: employees submit reports, managers approve them and the accounting department performs a final review. This workflow made sense ...

If you’re running a small business it can be difficult to keep track of expenses. This is particularly true if you have employees who need to charge company-related spending to the business. Business ...