Understand depreciation expense vs. accumulated depreciation and their impact on financial statements and asset valuation.

When it comes to expense reports, everyone knows the drill: Employees have to save receipts, manually input expense details and submit expense reports; managers need to understand context and question ...

Final expense insurance is a life insurance policy designed to cover end-of-life costs. You can get approved easily, but the death benefit is typically smaller.

Expense accounts are an integral part of the double-entry system of accounting and are used to record various costs businesses incur. The way expense accounts work is relatively simple, but to use ...

When it comes to anything in life, you don't want to pay more for anything if you don't have to. Not wanting to pay for anything you don't have to is also true with investing. You want to maximize the ...

Expense management is crucial for businesses. These handy digital tools simplify how organizations record, manage and analyze expenditures. However, each platform targets different demographics. Some, ...

The expense of sign advertising is usually a fully deductible business expense as long as it qualifies under the Internal Revenue Service requirement of being "ordinary and necessary." The IRS, ...

When thinking about any business expense, I like to start with two words — ordinary and necessary. These two words are at the center of how the IRS defines a business expense. But they may not mean ...

Individuals traveling for University-related business may be reimbursed. The policies and procedures described herein are in general terms to allow reasonable flexibility and do not cover every ...