When you use the accounting software QuickBooks, you can set up a list of accounts into different categories such as liabilities, assets, expenses and income. When you want to review information about ...

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

An expense account sounds simple enough, but it actually means two different things in business. First, it's the process that lets employees pay for work expenses and get reimbursed by their company.

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Suzanne is a content marketer, writer, and fact-checker. She holds a ...

An expense account sounds simple enough, but it actually means two different things in business. First, it's the process that lets employees pay for work expenses and get reimbursed by their company.