Expense accounts, also called expense allowances, are plans under which companies reimburse employees for business-related expenses. These expenses include travel, entertainment, gifts, and other ...

Accounting gives a business a way to keep track of its liabilities and expenses. In terms of liability vs. expense accounts, a liability refers to a financial obligation, or upcoming duty to pay. An ...

The Internal Revenue Service cast its cold eye on the nation’s expense account economy, and millions of U.S. taxpayers felt the chill. Henceforth, the collectors revealed last week, each taxpayer must ...

Northwestern uses chart string-based systems to manage financial transactions, in which all expenses are classified by five-digit expense account codes (e.g. – 73475 is “Lab Supplies and Hardware”).

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. David is comprehensively experienced in many facets of financial and legal ...

Business travelers beware – the next time you think about charging little extras to your expense account, consider worst-case scenarios. One woman was immediately fired for putting a $9.95 hotel room ...

Deferred rent expense adjusts for uneven payments across a lease term. Monthly financials use a straight-line rent expense, averaging total lease payments. Use of deferred rent accounts balances ...