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 ...

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 ...

Are you looking to improve the way your business manages its expenses? Prepaid cards present an adaptable and flexible alternative payment option that can help businesses manage and gain visibility ...

Businesses and individuals alike incur expenses. To generate revenue, entities must pay for expenses such as supplies, wages, facilities, utilities, rent, equipment, and vehicles. For corporations, ...

Learn about prepaid finance charges, their impact on loan costs, key types like origination fees, and essential FAQs for informed financial decisions.

In accrual accounting, an expense is recognized when the business becomes liable for it, not when it settles the account. A company may pay some expenses, such as utility bills, in arrears and others, ...

You can submit reimbursement for your prepaid airfare expenses purchased in advance of a trip. However, first be sure to confirm with your department that this is allowed. While airfare is a travel ...

The IRS announced a safe harbor for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct any of the original eligible expenses because they relied on ...