Expenses are an unavoidable cost of doing -- and staying in -- business. When a business incurs an expense, there are two accounting methods it may use to record the expense to its books -- the cash ...

Depreciation expense can be a big portion of a company’s total expense. And since expenses decrease income, it affects the overall value of a company. Understanding what it is and the methods can help ...

It's my annual "Taxes from A to Z" series! For the series, I’ll focus on terms that you might see on your tax forms and statements but not necessarily in the headlines. If you’re wondering whether you ...

The Internal Revenue Service requires businesses to keep a record of expenses for tax auditing and filing purposes. Small businesses may have fewer expenses than larger companies and can track them ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...

The actual expenses method allows businesses to deduct the actual costs incurred for vehicle use, such as fuel, maintenance, and insurance. Choosing between the standard mileage rate and actual ...

Explore budgeting methods, like zero-, activity-, & priority-based, incremental, envelope system, and the 50/30/20 rule.